Micron Updates Fourth Quarter Fiscal 2025 Guidance

Core Viewpoint - Micron Technology, Inc. has revised its financial guidance for the fourth quarter of fiscal 2025, reflecting improved pricing and strong execution, particularly in the DRAM segment [2][4]. Financial Guidance Update - The updated revenue guidance for the fourth quarter of fiscal 2025 is $11.2 billion ± $100 million, an increase from the previous guidance of $10.7 billion ± $300 million [2][4]. - Non-GAAP gross margins have been revised to 44.5% ± 0.5%, up from the previous guidance of 42.0% ± 1.0% [2][4]. - Non-GAAP EPS is now projected at $2.85 ± $0.07, an increase from the earlier estimate of $2.50 ± $0.15 [2][4]. Operating Expenses - The updated guidance for operating expenses is $1.22 billion ± $15 million, compared to the previous guidance of $1.20 billion ± $20 million [4][5]. Non-GAAP Adjustments - Non-GAAP adjustments include stock-based compensation costs totaling $239 million, which encompasses costs related to goods sold, research and development, and sales, general, and administrative expenses [5][6]. Company Overview - Micron Technology, Inc. is recognized as a leader in innovative memory and storage solutions, focusing on high-performance DRAM, NAND, and NOR memory products [7][8].