Micron Technology delivered record fiscal Q1 2025 revenue of $8.71B, up from $7.75B QoQ and $4.73B YoY, driven by strong AI demand. The company reported GAAP net income of $1.87B, or $1.67 per share. Data center revenue grew over 40% sequentially and over 400% YoY, surpassing 50% of total revenue for the first time.Operating cash flow reached $3.24B, with gross margin improving to 38.4%. The company maintained a strong liquidity position with $8.75B in cash and investments. The Board declared a quarterly dividend of $0.115 per share, payable on January 15, 2025.For Q2 2025, Micron projects revenue of $7.9B ±$200M with a gross margin of 37.5% ±1.0%. While noting weakness in consumer markets near-term, management anticipates growth resumption in the second half of fiscal 2025, supported by continued AI-driven demand and market share gains in high-margin segments.

Micron Technology delivered record fiscal Q1 2025 revenue of $8.71B, up from $7.75B QoQ and $4.73B YoY, driven by strong AI demand. The company reported GAAP net income of $1.87B, or $1.67 per share. Data center revenue grew over 40% sequentially and over 400% YoY, surpassing 50% of total revenue for the first time.Operating cash flow reached $3.24B, with gross margin improving to 38.4%. The company maintained a strong liquidity position with $8.75B in cash and investments. The Board declared a quarterly dividend of $0.115 per share, payable on January 15, 2025.For Q2 2025, Micron projects revenue of $7.9B ±$200M with a gross margin of 37.5% ±1.0%. While noting weakness in consumer markets near-term, management anticipates growth resumption in the second half of fiscal 2025, supported by continued AI-driven demand and market share gains in high-margin segments.