Micron Technology(US:MU) Globenewswire·2025-09-23 20:01Core Insights - Micron Technology reported record fiscal Q4 and full-year revenue driven by growth in AI data centers, forecasting $1.2 billion in sequential revenue growth with gross margins exceeding 50% [1][3] Fiscal Q4 2025 Highlights - Revenue for Q4 2025 reached $11.32 billion, a significant increase from $9.30 billion in the prior quarter and $7.75 billion year-over-year [6] - GAAP net income was $3.20 billion, or $2.83 per diluted share, compared to $1.89 billion and $1.68 per diluted share in Q3 2025 [6][4] - Non-GAAP net income was $3.47 billion, or $3.03 per diluted share, reflecting strong operational performance [6][4] Fiscal 2025 Highlights - Total revenue for fiscal 2025 was $37.38 billion, up from $25.11 billion in fiscal 2024, marking a 48.0% year-over-year increase [5][6] - Gross margin for the year was $14.87 billion, representing 39.8% of revenue, compared to 22.4% in the previous year [5][6] - Operating income for fiscal 2025 was $9.77 billion, a substantial increase from $1.30 billion in fiscal 2024 [5] Quarterly Financial Results - Operating cash flow for Q4 2025 was $5.73 billion, up from $4.61 billion in the prior quarter and $3.41 billion year-over-year [6] - Investments in capital expenditures for Q4 2025 totaled $4.93 billion, with a full-year total of $13.80 billion [7] Business Unit Performance - The Cloud Memory Business Unit generated $4.54 billion in revenue for Q4 2025, with a gross margin of 59% [8] - The Mobile and Client Business Unit reported $3.76 billion in revenue, with a gross margin of 36% [8] - The Automotive and Embedded Business Unit achieved $1.43 billion in revenue, with a gross margin of 31% [8] Business Outlook - For Q1 2026, Micron forecasts revenue of $12.50 billion ± $300 million, with a gross margin of 50.5% ± 1.0% [9] - Diluted earnings per share are projected to be $3.56 ± $0.15 on a GAAP basis and $3.75 ± $0.15 on a non-GAAP basis [9]