Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2025

Core Insights - Micron Technology reported a record revenue of $8.05 billion for fiscal Q2 2025, driven by strong demand in data center DRAM and AI applications [1][3][6] - The company achieved a GAAP net income of$1.58 billion, translating to $1.41 per diluted share, and a non-GAAP net income of$1.78 billion, or $1.56 per diluted share [4][6] - Micron's capital expenditures for the quarter were$3.09 billion, with an adjusted free cash flow of $857 million [4][6] Financial Performance - Revenue for fiscal Q2 2025 was$8,053 million, down from $8,709 million in the previous quarter but up from$5,824 million year-over-year [4][6] - Gross margin was reported at 36.8% compared to 38.4% in the prior quarter and 18.5% in the same period last year [4][6] - Operating income was $1,773 million, representing 22.0$8.80 billion, with a gross margin of 35.5% [5][23] - The company expects continued growth in both DRAM and NAND demand across data center and consumer markets [3][5] - Diluted earnings per share guidance for fiscal Q3 is projected at $1.37, with a non-GAAP estimate of$1.57 [5][23] Market Position - Micron's HBM revenue has surpassed $1 billion, highlighting its leadership in high-performance memory solutions [1][3] - The company is focused on extending its technology leadership with the launch of its 1-gamma DRAM node [3] - Micron's strong performance is attributed to robust demand in AI and data center applications, positioning it favorably in the memory and storage market [1][3][8]