美光 FY2025Q3 营收 93 亿美元：环比增 15.50%、同比增 36.56%

Core Insights - Micron reported a record revenue of $9.301 billion for Q3 of fiscal year 2025, marking a 15.5% increase quarter-over-quarter and a 36.56% increase year-over-year [1][3] - All end markets experienced revenue growth, with DRAM revenue reaching an all-time high and HBM revenue increasing nearly 50% quarter-over-quarter [3] - The company anticipates revenue for Q4 of fiscal year 2025 to be approximately $10.7 billion, representing an expected growth of about 15% from Q3 [3] Financial Performance - GAAP gross margin for Q3 was 37.7%, while non-GAAP gross margin was 39.0% [1] - GAAP operating margin stood at 23.3%, with non-GAAP operating margin at 26.8%, all metrics showing improvement compared to the previous quarter and the same period last year [1] Market Outlook - Micron's CEO highlighted strong growth in data center revenue, which more than doubled year-over-year, and robust growth in consumer-facing end markets [3] - The company aims to achieve record revenue, solid profitability, and free cash flow in fiscal year 2025 while investing to strengthen its technological leadership and manufacturing capabilities to meet the rising demand for AI-driven memory [3]