Micron Technology · 2025-09-23
Micron Technology (MU) Q4 FY2025財報發布：AI 記憶體需求、HBM、毛利率與現金流是主線
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%.
已披露資料
MU 這季真正改變的是定價權
Micron reported fiscal Q4 2025 revenue of $11.32B.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
GAAP gross margin was 44.7% and non-GAAP gross margin was 45.7%.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
GAAP diluted EPS was $2.83 and non-GAAP diluted EPS was $3.03.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
Management forecasted sequential revenue growth with gross margins exceeding 50%.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
來源