Micron Technology · Q2 FY2025 · March 20, 2025
Micron Technology (MU) Q2 FY2025 Earnings: HBM revenue crossed $1B and data-center DRAM became the core signal.
A structured quarterly research file based on the earnings release and cited primary documents. Consensus, transcript, Q&A, and price-reaction fields are shown only when verified data are available.
Official Earnings ReleaseSnowballHare AnalysisStandard Research Page
Reported result
Reported result
Reported result
Reported result
Investment read
Micron reported fiscal Q2 2025 revenue of $8.05B. HBM revenue crossed the $1B milestone in fiscal Q2. The next research checkpoint is margins were recovering, but the stock still needed proof that pricing could keep improving.
Results check
Reported results
| Metric | Reported | YoY |
|---|---|---|
| Revenue | $8.05BMicron reported fiscal Q2 2025 revenue of $8.05B. Source | — |
| AI memory | $1BHBM revenue crossed the $1B milestone in fiscal Q2. Source | — |
| Profitability | $1.56,Non-GAAP diluted EPS was $1.56, with non-GAAP gross margin near 37.9%. Source | — |
| Outlook | N/AThe company framed the next quarter around stronger AI demand and tight supply. Source | — |
Investor focus
What investors are likely to focus on
Potential result drivers
- Micron reported fiscal Q2 2025 revenue of $8.05B.
- HBM revenue crossed the $1B milestone in fiscal Q2.
- Non-GAAP diluted EPS was $1.56, with non-GAAP gross margin near 37.9%.
- The company framed the next quarter around stronger AI demand and tight supply.
Verified after-hours, next-day, and benchmark-relative price data are not stored in this record. The factors above are research considerations, not a measured attribution of the stock move.
Next quarter
What to watch next
| Indicator | Current baseline | Next check | Source |
|---|---|---|---|
| Revenue | $8.05B | The useful read was not only growth; it was the mix shift toward AI memory. | Primary source |
| AI memory | $1B | HBM became the clearest proof that AI demand was changing MU's revenue quality. | Primary source |
| Profitability | $1.56, | Margins were recovering, but the stock still needed proof that pricing could keep improving. | Primary source |
| Outlook | N/A | Forward estimates depended on whether HBM and data-center DRAM could keep absorbing supply. | Primary source |
Primary documents
Sources and documents
FAQ
Reader questions
What did Micron Technology report for Revenue?
Micron reported fiscal Q2 2025 revenue of $8.05B.
What did Micron Technology report for AI memory?
HBM revenue crossed the $1B milestone in fiscal Q2.
What did Micron Technology report for Profitability?
Non-GAAP diluted EPS was $1.56, with non-GAAP gross margin near 37.9%.