Micron Technology Reports 37% Revenue Growth to $9.3 Billion in Q3 2025

Micron Technology, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $9.3 billion for the third quarter of fiscal 2025, a 37% increase compared to $6.8 billion in the same quarter of the previous year. For the first nine months of fiscal 2025, total revenue surged to $26.1 billion, up 50% from $17.4 billion in the prior year. The company also achieved a net income of $1.9 billion for the quarter, compared to $332 million in the same period last year, reflecting a substantial improvement in profitability.

The company's gross margin improved to 38% in the third quarter of 2025, up from 27% in the same quarter of 2024, driven by increased sales of high-margin DRAM products, particularly in the data center and consumer markets. Micron's operating income for the quarter was $2.2 billion, a significant rise from $719 million a year earlier. The increase in revenue and profitability was attributed to a favorable shift in product mix and improved pricing dynamics, particularly in the DRAM segment, which saw a 51% increase in sales year-over-year.

Strategically, Micron has initiated a reorganization of its business units to better align with market demands, particularly in artificial intelligence (AI) applications. The new structure will focus on four key business units: Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded. This reorganization aims to enhance customer engagement and operational efficiency, positioning Micron to capitalize on growth opportunities in AI and other high-demand sectors.

Operationally, Micron reported a strong increase in bit shipments, particularly in the DRAM segment, which rose over 20% in the third quarter. The company also noted a significant improvement in its cash position, with cash and cash equivalents totaling $10.2 billion as of May 29, 2025, compared to $7.0 billion a year earlier. This increase in liquidity supports Micron's ongoing investments in manufacturing capacity and technology development, including plans for new fabs in Idaho and New York, supported by funding from the CHIPS Act.

Looking ahead, Micron anticipates continued demand growth for its products, particularly driven by advancements in AI and data center applications. The company expects to maintain its focus on innovation and operational excellence while navigating the competitive landscape of the semiconductor industry. However, Micron also acknowledges potential risks, including market volatility, geopolitical tensions, and supply chain challenges, which could impact its future performance.