Micron's DRAM Revenues Hit $28.6B: Can the Momentum Continue?

Key Takeaways MU posted $28.6B DRAM revenues in FY 2025, up 62% year-over-year.HBM chips drove nearly $2B in Q4 sales, putting MU on an $8B annualized run rate from this product line.Gross margins rose to 41% in FY2025, with Q1 fiscal 2026 revenue guided to about $12.5B.Micron Technology (MU) ended its fiscal 2025 with record sales in the Dynamic Random Access Memory (DRAM) business. For fiscal 2025, Micron delivered DRAM revenues of $28.6 billion, which represents a year-over-year increase of 62%. Moreover ...