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Feb 27, 2025
Micron Q2 2025 Earnings Report
Micron reported its second quarter fiscal 2025 results with revenue of $8.05 billion and strong profitability driven by robust AI demand and record data center DRAM revenue.
Key Takeaways
Micron delivered second quarter fiscal 2025 revenue of $8.05 billion and GAAP net income of $1.58 billion. Non-GAAP EPS came in at $1.56, exceeding expectations, supported by robust demand in AI markets and data center DRAM sales. The company ended the quarter with $9.60 billion in cash and marketable investments and anticipates record quarterly revenue in the next quarter.
Revenue reached $8.05 billion, up from $5.82 billion a year ago.
GAAP net income was $1.58 billion, with diluted EPS of $1.41.
Non-GAAP net income totaled $1.78 billion, with non-GAAP EPS of $1.56.
Strong data center DRAM demand contributed to record revenue growth.
Forward Guidance
Micron expects record revenue in Q3 fiscal 2025, driven by increasing demand in data center and consumer markets for both DRAM and NAND products.
Positive Outlook
- Expected revenue of $8.80 billion ± $200 million.
- Non-GAAP gross margin guidance of 36.5% ± 1.0%.
- Non-GAAP EPS guidance of $1.57 ± $0.10.
- DRAM and NAND demand growth projected in data center and consumer markets.
- Launch of new 1-gamma DRAM node to strengthen technology leadership.
Challenges Ahead
- Potential macroeconomic challenges impacting consumer spending.
- Pricing volatility in NAND and DRAM markets could pressure margins.
- Continued competition in AI-driven memory markets.
- High capital expenditure requirements may limit free cash flow growth.
Historical Earnings Impact
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