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Nov 28, 2024
Micron Q1 2025 Earnings Report
Micron delivered a record fiscal Q1 revenue, driven by strong AI demand. Data center revenue grew over 40% sequentially and over 400% year over year.
Key Takeaways
Micron Technology, Inc. announced record revenue of $8.71 billion for its first quarter of fiscal 2025, driven by strong AI demand and data center revenue growth. The company reported GAAP net income of $1.87 billion, or $1.67 per diluted share, and non-GAAP net income of $2.04 billion, or $1.79 per diluted share.
Micron delivered a record quarter with revenue of $8.71 billion.
Data center revenue surpassed 50% of total revenue for the first time, growing over 40% sequentially and over 400% year over year.
GAAP net income was $1.87 billion, or $1.67 per diluted share.
Non-GAAP net income was $2.04 billion, or $1.79 per diluted share.
Revenue by Segment
Forward Guidance
Micron's guidance for the second quarter of 2025 includes revenue of $7.90 billion ± $200 million, GAAP gross margin of 37.5% ± 1.0%, non-GAAP gross margin of 38.5% ± 1.0%, GAAP diluted earnings per share of $1.26 ± $0.10, and non-GAAP diluted earnings per share of $1.43 ± $0.10.
Positive Outlook
- Revenue of $7.90 billion ± $200 million
- Gross margin of 37.5% ± 1.0%
- Gross margin of 38.5% ± 1.0%
- Operating expenses of $1.24 billion ± $15 million
- Diluted earnings per share of $1.26 ± $0.10
Challenges Ahead
- Operating expenses of $1.10 billion ± $15 million
- Diluted earnings per share of $1.43 ± $0.10
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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