Micron Technology Reports Results for the Third Quarter of Fiscal 2025

Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2025, which ended May 29, 2025. “Micron delivered record revenue in fiscal Q3, driven by all-time-high DRAM revenue including nearly 50% sequential growth in HBM revenue. Data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “We are on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025, while we make disciplined investments to build on our technology leadership and manufacturing excellence to satisfy growing AI-driven memory demand.”

Fiscal Q3 2025 highlights

• Revenue of $9.30 billion versus $8.05 billion for the prior quarter and $6.81 billion for the same period last year
• GAAP net income of $1.89 billion, or $1.68 per diluted share
• Non-GAAP net income of $2.18 billion, or $1.91 per diluted share
• Operating cash flow of $4.61 billion versus $3.94 billion for the prior quarter and $2.48 billion for the same period last year

For the third quarter of 2025, investments in capital expenditures, net were $2.66 billion and adjusted free cash flow was $1.95 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $12.22 billion. On June 25, 2025, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on July 22, 2025, to shareholders of record as of the close of business on July 7, 2025.