Micron Technology forecasts Q4 adjusted EPS at $2.50.

Micron Technology forecasts Q4 adjusted EPS at $2.50.

Micron Technology, Inc. (NASDAQ: MU) has reported strong third-quarter (Q3) financial results, highlighting robust growth across various end markets. The company's revenue for Q3 2025 reached $9.30 billion, marking a significant increase from the prior quarter and the same period last year. This growth was driven by record-high DRAM revenue, particularly in high-bandwidth memory (HBM), which saw nearly 50% sequential growth. Data center revenue more than doubled year-over-year, contributing to the overall revenue surge [2].

The company's adjusted net income for Q3 2025 was $2.18 billion, or $1.91 per diluted share, representing a substantial improvement over the previous year. Operating cash flow also increased to $4.61 billion, up from $3.94 billion in the prior quarter. Micron ended the quarter with a strong balance sheet, with cash, marketable investments, and restricted cash totaling $12.22 billion [2].

Looking ahead, Micron has provided optimistic guidance for the fourth quarter (Q4) 2025. The company expects revenue to grow by another 15% sequentially, reaching $10.7 billion, with a gross margin of 42.0%. Adjusted earnings per share (EPS) are forecasted to be $2.50 per share, indicating strong profitability and solid free cash flow. Micron's Board of Directors also declared a quarterly dividend of $0.115 per share, payable on July 22, 2025 [2].

Analysts remain bullish on Micron's outlook, with nine out of eleven covering the stock issuing a "buy" rating. Wedbush has revised its price target for Micron's stock upward from $130 to $150, reflecting the company's robust fundamentals and the growing demand for AI-driven memory solutions [1]. Micron's stock has seen nearly 50% growth in 2025, partially due to its partnership with Nvidia and strong analyst ratings [1].

In summary, Micron Technology's Q3 results and Q4 outlook demonstrate the company's strong position in the semiconductor industry. The company's financial performance and growth prospects are supported by a robust market environment and strategic partnerships, positioning it well for continued success.

References:
[1] https://site.financialmodelingprep.com/market-news/micron-technology-earnings-preview-q3-2025
[2] https://www.globenewswire.com/news-release/2025/06/25/3105428/14450/en/Micron-Technology-Inc-Reports-Results-for-the-Third-Quarter-of-Fiscal-2025.html