Micron Technology(US:MU)2025-06-25 20:19Financial Performance - Micron achieved record revenue in fiscal Q3 2025, exceeding guidance [8] - Q3 2025 revenue reached $9.3 billion, up 15% Q/Q and 37% Y/Y [49, 50, 68] - DRAM revenue in FQ3 2025 was $7.1 billion, representing 76% of total revenue, up 51% Y/Y and 15% Q/Q [53, 72] - NAND revenue in FQ3 2025 was $2.2 billion, representing 23% of total revenue, up 4% Y/Y and 16% Q/Q [53, 72] - FQ4 2025 revenue is projected to be $10.7 billion ± $300 million, a 15% sequential growth at guidance mid-point [10, 65] - Non-GAAP diluted earnings per share for FQ3 2025 were $1.91 [56, 68] - The company anticipates a fiscal Q4 tax rate of around 13% [63] Business Segments - Compute and Networking Business Unit revenue was $5.1 billion, up 11% sequentially [55] - Mobile Business Unit revenue was $1.6 billion, up 45% sequentially [55] Technology and Manufacturing - 1-gamma DRAM provides a 30% improvement in bit density, more than 20% lower power, and up to 15% higher performance compared to 1-beta DRAM [13] - Micron plans to invest approximately $200 billion in the US over the next 20-plus years, including $150 billion in manufacturing and $50 billion in R&D [15] Market Outlook - The company expects CY25 industry DRAM bit demand growth to be in the high-teens percentage range and industry NAND bit demand growth to be in the low double-digit percentage range [39]