Micron Technology(US:MU) Globenewswire·2025-06-25 20:01Core Insights - Micron Technology, Inc. reported record revenue of $9.30 billion for fiscal Q3 2025, marking a significant increase from $8.05 billion in the previous quarter and $6.81 billion year-over-year [3][8] - The company anticipates a sequential revenue growth of approximately 15% for fiscal Q4 2025, projecting revenue around $10.7 billion [6][31] - Strong performance was driven by high DRAM revenue, with nearly 50% sequential growth in HBM revenue, and data center revenue more than doubling year-over-year [3][8] Financial Performance - Gross margin for fiscal Q3 2025 was reported at 37.7%, up from 36.8% in the previous quarter and significantly higher than 26.9% in the same period last year [3][8] - Operating income reached $2.17 billion, representing 23.3% of revenue, compared to $1.77 billion (22.0%) in the prior quarter and $719 million (10.6%) year-over-year [3][8] - Net income for the quarter was $1.89 billion, or $1.68 per diluted share, compared to $1.58 billion ($1.41 per share) in the previous quarter and $332 million ($0.30 per share) in the same period last year [3][8] Cash Flow and Investments - Micron's capital expenditures for the quarter were $2.66 billion, with adjusted free cash flow of $1.95 billion [5][26] - The company ended the quarter with cash, marketable investments, and restricted cash totaling $12.22 billion [5] - Operating cash flow was reported at $4.61 billion, an increase from $3.94 billion in the previous quarter and $2.48 billion year-over-year [8] Business Outlook - For fiscal Q4 2025, Micron expects a gross margin of approximately 41.0% and operating expenses of around $1.35 billion [6][31] - Diluted earnings per share guidance for Q4 is projected at $2.29, with a range of ±$0.15 [6][31] - The company is focused on disciplined investments to enhance technology leadership and manufacturing capabilities to meet growing AI-driven memory demand [3][6]