🔹 Adj. EPS: $1.91 (Est. $1.60) 🟢
🔹 Revenue: $9.30B (Est. $8.87B) 🟢; UP +37% YoY
Q4'25 Guidance:
🔹 Adj. EPS: $2.50 ± $0.15 (Est. $2.27) 🟢
🔹 Revenue: $10.7B ± $300M (Est. $9.89B) 🟢
🔹 Gross Margin: 42% ± 1%
🔹 Operating Expenses: $1.20B ± $20M
Other Financial Metrics:
🔹 Operating Cash Flow: $4.61B (vs. $2.48B YoY)
🔹 Adjusted Free Cash Flow: $1.95B (vs. $425M YoY)
🔹 CapEx (net): $2.66B
🔹 Cash & Equivalents: $12.22B
🔹 Gross Margin (Non-GAAP): 39% (vs. 28.1% YoY)
🔹 Operating Income (Non-GAAP): $2.49B (vs. $941M YoY); Margin: 26.8%
Segment Highlights:
🔹 DRAM Revenue: All-time high; HBM revenue up nearly 50% QoQ
🔹 Data Center Revenue: More than doubled YoY; reached quarterly record
🔹 Consumer Markets: Strong sequential growth
Dividend & Capital Allocation:
🔹 Quarterly Dividend: $0.115/share; payable July 22, 2025
CEO Sanjay Mehrotra Commentary:
🔸 "Micron delivered record revenue in fiscal Q3, driven by all-time-high DRAM revenue and near 50% QoQ HBM growth. Data center revenue more than doubled YoY, reaching a quarterly record. We are on track for record revenue and strong free cash flow in FY25."
🔸 "We’re investing strategically to maintain technology leadership and meet surging AI memory demand."