Micron Technology reports Q3 net income of $1.885 billion.

Micron Technology reports Q3 net income of $1.885 billion.

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Micron Technology, Inc. (MU) has reported its third-quarter fiscal 2025 results, revealing a significant increase in net income. The company's net income for the quarter ended May 29, 2025, was $1.885 billion, up from $1.583 billion in the same period last year. This represents a substantial 25.6% year-over-year (YoY) increase [2].

Revenue for the quarter was $9.30 billion, a 30% YoY increase, driven by strong performance across various end markets, particularly data centers and consumer-oriented segments. The company's gross margin improved to 37.7%, up from 36.8% in the prior quarter [2].

Analysts had expected Micron to report revenue of $8.86 billion and adjusted net income of $1.86 billion, or $1.61 per share, for the quarter [1]. The actual results exceeded these expectations, with the company reporting adjusted net income of $2.18 billion, or $1.91 per diluted share. This indicates a robust performance and strong market demand for the company's memory and storage solutions.

Micron's capital expenditures for the quarter amounted to $2.66 billion, with adjusted free cash flow of $1.95 billion. The company ended the quarter with cash, marketable investments, and restricted cash of $12.22 billion. Additionally, Micron declared a quarterly dividend of $0.115 per share, payable on July 22, 2025, to shareholders of record as of the close of business on July 7, 2025 [2].

Looking ahead, Micron projects revenue of $10.7 billion for the fourth quarter of fiscal 2025, with a gross margin of 41.0%. The company expects to post diluted earnings per share of $2.29, up from $2.50 in the prior quarter [2].

Micron will host a conference call on Wednesday, June 25, 2025, at 2:30 p.m. Mountain Time to discuss its third-quarter financial results and provide forward-looking guidance for the fourth quarter. A live webcast of the call will be available online at investors.micron.com.

References:
[1] https://www.investopedia.com/what-analysts-think-of-micron-stock-ahead-of-earnings-q3-fy2025-update-11756888
[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