Micron Technology · Q3 FY2025 · June 25, 2025
Micron Technology (MU) Q3 FY2025 Earnings: Revenue reached $9.30B as the memory recovery broadened.
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.
Reported result
Reported result
Reported result
Reported result
Investment read
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. The next research checkpoint is cash conversion mattered because memory upcycles can look strong before capex absorbs the benefit.
Results check
Reported results
| Metric | Reported | YoY |
|---|---|---|
| Revenue | $9.30BRevenue was $9.30B versus $8.05B in the prior quarter and $6.81B a year earlier. Source | — |
| EPS | $1.68GAAP diluted EPS was $1.68 and non-GAAP diluted EPS was $1.91. Source | — |
| Cash flow | $4.61BOperating cash flow was $4.61B versus $3.94B in the prior quarter. Source | — |
| Read-through | N/AManagement tied the quarter to AI data-center demand and stronger memory fundamentals. Source | — |
Investor focus
What investors are likely to focus on
Potential result drivers
- 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.
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 | $9.30B | Sequential growth confirmed that the recovery was becoming a sustained demand cycle. | Primary source |
| EPS | $1.68 | Earnings were starting to show real operating leverage from memory pricing. | Primary source |
| Cash flow | $4.61B | Cash conversion mattered because memory upcycles can look strong before capex absorbs the benefit. | Primary source |
| Read-through | N/A | The market read was HBM-plus-DRAM pricing, not a simple PC or handset rebound. | Primary source |
Primary documents
Sources and documents
FAQ
Reader questions
What did Micron Technology report for Revenue?
Revenue was $9.30B versus $8.05B in the prior quarter and $6.81B a year earlier.
What did Micron Technology report for EPS?
GAAP diluted EPS was $1.68 and non-GAAP diluted EPS was $1.91.
What did Micron Technology report for Cash flow?
Operating cash flow was $4.61B versus $3.94B in the prior quarter.