Micron Technology · 2025-06-25
Micron Technology (MU) Q3 FY2025 Earnings Release: Revenue reached $9.30B as the memory recovery broadened.
Revenue was $9.30B versus $8.05B in the prior quarter and $6.81B a year earlier.; GAAP diluted EPS was $1.68 and non-GAAP diluted EPS was $1.91.; Operating cash flow was $4.61B versus $3.94B in the prior quarter.; Management tied the quarter to AI data-center demand and stronger memory fundamentals.
Revenue was $9.30B versus $8.05B in the prior quarter and $6.81B a year earlier.
GAAP diluted EPS was $1.68 and non-GAAP diluted EPS was $1.91.
Operating cash flow was $4.61B versus $3.94B in the prior quarter.
Management tied the quarter to AI data-center demand and stronger memory fundamentals.
Reported data
MU's quarter is about pricing power, not just revenue
Revenue was $9.30B versus $8.05B in the prior quarter and $6.81B a year earlier.
Sequential growth confirmed that the recovery was becoming a sustained demand cycle.
GAAP diluted EPS was $1.68 and non-GAAP diluted EPS was $1.91.
Earnings were starting to show real operating leverage from memory pricing.
Operating cash flow was $4.61B versus $3.94B in the prior quarter.
Cash conversion mattered because memory upcycles can look strong before capex absorbs the benefit.
Management tied the quarter to AI data-center demand and stronger memory fundamentals.
The market read was HBM-plus-DRAM pricing, not a simple PC or handset rebound.
Sources