Micron Technology · 2025-09-23
Micron Technology (MU) Q4 FY2025财报发布：AI 内存需求、HBM、毛利率与现金流是主线
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%.
已披露数据
MU 这季真正改变的是定价权
Micron reported fiscal Q4 2025 revenue of $11.32B.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
GAAP gross margin was 44.7% and non-GAAP gross margin was 45.7%.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
GAAP diluted EPS was $2.83 and non-GAAP diluted EPS was $3.03.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
Management forecasted sequential revenue growth with gross margins exceeding 50%.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
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