Micron exceeded Q3 earnings guidance with record revenue growth and announced domestic investment plan.

From Nasdaq: 2025-06-25 20:07:00

Micron Technology (NASDAQ:MU) exceeded Q3 2025 earnings guidance with $9.3 billion in revenue, a 39% gross margin (non-GAAP), and adjusted EPS of $1.91. The company saw record data center revenues, aggressive HBM memory scaling, and announced a $200 billion domestic investment plan. Micron forecasts Q4 revenue at $10.7 billion with a 42% gross margin midpoint, driven by AI-driven demand. Data center revenue doubled, with a 50% jump in HBM revenue, positioning Micron as the #2 global data center SSD brand. The company also announced a $200 billion U.S. investment plan, focusing on technology and capacity expansion.

Micron’s fiscal execution and inventory positioning led to a multi-year growth foundation, with free cash flow surpassing $1.9 billion, driven by lean inventories and strong bit supply. DRAM accounted for 76% of revenue, with sequential growth across all business units. Looking ahead, management guides Q4 revenue to a record $10.7 billion, with a 42% gross margin and EPS of $2.50. Micron’s capex remains at $14 billion, supporting HBM ramps and facility construction. Tight inventories and measured node transitions position the company for continued pricing leverage.



Read more at Nasdaq: Micron Reports Record Q3 Revenue Growth