Loading...
•
May 29, 2025
Micron Q3 2025 Earnings Report
Micron reported strong Q3 results with record revenue and solid profitability.
Key Takeaways
Micron achieved record revenue in Q3 2025 driven by exceptional growth in DRAM and data center demand, coupled with strong operational execution.
Revenue reached a record $9.3 billion, up from $6.81 billion in Q3 2024.
GAAP EPS was $1.68 and non-GAAP EPS was $1.91.
Data center revenue more than doubled year-over-year, setting a new quarterly high.
Free cash flow rose to $1.95 billion, demonstrating strong operational leverage.
Forward Guidance
Micron expects Q4 2025 revenue to continue growing, supported by strong demand trends, improved gross margins, and disciplined expense control.
Positive Outlook
- Q4 revenue guidance of $10.7 billion ± $300 million
- GAAP gross margin projected at 41% ± 1%
- Non-GAAP EPS expected at $2.50 ± $0.15
- Continued strong demand in AI-driven memory applications
- Disciplined investments expected to sustain profitability
Challenges Ahead
- Gross margin still under pressure from cost dynamics
- Increased operating expenses expected in Q4
- Potential market fluctuations in end demand segments
- Ongoing need for high CapEx to meet growth targets
- Revenue guidance has a relatively wide range, implying uncertainty
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...