Micron Technology | 8-K: MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE SECOND QUARTER OF FISCAL 2025

Micron Technology reported Q2 fiscal 2025 revenue of $8.05B, down from $8.71B QoQ but up from $5.82B YoY. The company achieved GAAP net income of $1.58B ($1.41 per share) and non-GAAP net income of $1.78B ($1.56 per share). Data center revenue tripled compared to the previous year, with HBM revenue surpassing $1B milestone.Operating cash flow strengthened to $3.94B, up from $3.24B QoQ and $1.22B YoY. The company maintained strong liquidity with $9.60B in cash and investments. The Board declared a quarterly dividend of $0.115 per share, payable on April 15, 2025.Looking ahead, Micron projects Q3 fiscal 2025 revenue of $8.8B ±$200M with expected gross margin of 36.5% ±1.0% on a non-GAAP basis. Management anticipates record quarterly revenue in Q3, driven by DRAM and NAND demand growth in both data center and consumer markets, positioning the company for record revenue and improved profitability in fiscal 2025.

Micron Technology reported Q2 fiscal 2025 revenue of $8.05B, down from $8.71B QoQ but up from $5.82B YoY. The company achieved GAAP net income of $1.58B ($1.41 per share) and non-GAAP net income of $1.78B ($1.56 per share). Data center revenue tripled compared to the previous year, with HBM revenue surpassing $1B milestone.Operating cash flow strengthened to $3.94B, up from $3.24B QoQ and $1.22B YoY. The company maintained strong liquidity with $9.60B in cash and investments. The Board declared a quarterly dividend of $0.115 per share, payable on April 15, 2025.Looking ahead, Micron projects Q3 fiscal 2025 revenue of $8.8B ±$200M with expected gross margin of 36.5% ±1.0% on a non-GAAP basis. Management anticipates record quarterly revenue in Q3, driven by DRAM and NAND demand growth in both data center and consumer markets, positioning the company for record revenue and improved profitability in fiscal 2025.