Micron Technology · 2025-09-23
Micron Technology (MU) Q4 FY2025 Earnings Release: Record fiscal Q4 and full-year revenue were driven by AI data-center growth.
Micron reported fiscal Q4 2025 revenue of $11.32B.; GAAP gross margin was 44.7% and non-GAAP gross margin was 45.7%.; GAAP diluted EPS was $2.83 and non-GAAP diluted EPS was $3.03.; Management forecasted sequential revenue growth with gross margins exceeding 50%.
Micron reported fiscal Q4 2025 revenue of $11.32B.
GAAP gross margin was 44.7% and non-GAAP gross margin was 45.7%.
GAAP diluted EPS was $2.83 and non-GAAP diluted EPS was $3.03.
Management forecasted sequential revenue growth with gross margins exceeding 50%.
Reported data
MU's quarter is about pricing power, not just revenue
Micron reported fiscal Q4 2025 revenue of $11.32B.
The quarter raised the baseline for FY2026 estimates.
GAAP gross margin was 44.7% and non-GAAP gross margin was 45.7%.
Margin expansion showed memory pricing power, but still below the later shortage economics.
GAAP diluted EPS was $2.83 and non-GAAP diluted EPS was $3.03.
EPS growth made the AI-memory thesis visible in the income statement.
Management forecasted sequential revenue growth with gross margins exceeding 50%.
The guide was the bridge from FY2025 recovery to FY2026 acceleration.
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