🔹 Revenue: $11.32B (Est. $11.15B) 🟢; UP +46% YoY
🔹 Adj. EPS: $3.03 (Est. $2.84) 🟢; UP +156.8% YoY
🔹 Adj. Gross Margin: 45.7% (Est. 44.3%) 🟢; UP +920 bps YoY
🔹 Adj. Operating Income: $3.96B (Est. $3.67B) 🟢; UP +126.6% YoY
🔹 Adj. Operating Margin: 35.0% (Est. 33.2%) 🟢; UP +1,250 bps YoY
🔹 Adj. OpEx: $1.21B (Est. $1.22B) 🟢; UP +12% YoY
Q1 Guidance
🔹 Adj. Revenue: $12.2B–$12.8B (Mid: $12.5B; Est. $11.91B) 🟢
🔹 Adj. EPS: $3.60–$3.90 (Mid: $3.75; Est. $3.05) 🟢
🔹 Adj. Gross Margin: 50.5%–52.5% (Mid: 51.5%; Est. 45.7%) 🟢
🔹 Adj. OpEx: $1.34B ± $20M
Q4 Business Unit
🔹 Cloud Memory BU Revenue: $4.543B; UP +213.6% YoY
🔹 Core Data Center BU Revenue: $1.577B; DOWN -23.0% YoY
🔹 Mobile & Client BU Revenue: $3.760B; UP +24.5% YoY
🔹 Automotive & Embedded BU Revenue: $1.434B; UP +16.6% YoY
Other Metrics
🔹 Operating Cash Flow (Q4): $5.73B; UP +68.0% YoY
🔹 Operating Cash Flow (FY25): $17.53B; UP +106.0% YoY
🔹 CapEx (Q4 / FY25): $4.93B / $13.80B
🔹 Adj. Free Cash Flow (Q4 / FY25): $803M / $3.72B
🔹 Cash, Marketable Investments & Restricted Cash (YE): $11.94B
🔹 Dividend: $0.115/share (payable Oct 21, 2025; record Oct 3, 2025)
CEO Commentary
🔸 “Micron closed out a record-breaking fiscal year with exceptional Q4 performance, underscoring our leadership in technology, products, and operational execution.”
🔸 “We achieved all-time highs across our data center business and are entering fiscal 2026 with strong momentum and our most competitive portfolio to date.”
🔸 “As the only U.S.-based memory manufacturer, Micron is uniquely positioned to capitalize on the AI opportunity ahead.”