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The Idaho-based chip maker reported record revenues of $9.30bn for the third quarter, surpassing analyst expectations of $8.87bn.
Micron has reported a non-GAAP net income of $2.18bn for fiscal Q3 2025. (Photo: T. Schneider/ Shutterstock)
Micron Technology projects that its fourth-quarter revenue will surpass Wall Street estimates, driven by increased demand for its high-bandwidth memory (HBM) chips. The forecast led to a nearly 4% rise in Micron’s stock in after-hours trading, reaching $132.10.
The company forecasts fourth-quarter revenue to grow 15% sequentially to around $10.7bn, with a possible variance of $300m. This prediction sits above the analysts’ consensus estimate of $9.88bn, Reuters reported, compiling LSEG data. Micron also expects GAAP diluted earnings per share to be $2.29 in Q4 FY2025, with a margin of $0.15.
Micron posts record revenue in fiscal Q3
For the third quarter, which concluded on 29 May 2025, the memory chip maker reported revenues of $9.30bn, surpassing the previous forecast of $8.87bn. The figure also represents a significant increase from $8.05bn in the preceding quarter and $6.81bn reported in the same period last year.
Micron’s non-GAAP net income for fiscal Q3 2025 was $2.18bn, with earnings per share, excluding certain items, at $1.91. This marks an improvement from the $0.62 reported in the third quarter of FY24. The net income for Q3 FY25 was reported at $1.89bn, up from the $332m recorded in Q3 FY24.
“Micron delivered record revenue in fiscal Q3, driven by all-time-high DRAM revenue, including nearly 50% sequential growth in HBM revenue. Data centre revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth,” said Micron Technology chairman, president and CEO Sanjay Mehrotra. “We are on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025, while we make disciplined investments to build on our technology leadership and manufacturing excellence to satisfy growing AI-driven memory demand.”
Micron concluded the quarter with cash, marketable investments, and restricted cash totalling $12.22bn. The Idaho-based firm’s product offerings include two main types of memory chips: DRAM and NAND. DRAM chips serve as primary memory in PCs, servers, and other devices, working closely with central processing units, while NAND flash provides long-term data storage. Micron has recently benefited from supplying HBM, a type of DRAM, for AI applications in data centres. Earlier this month, the company announced the shipment of HBM4, its next-generation high-bandwidth memory product tailored for data centres and cloud AI acceleration.
Micron has also unveiled plans to increase its semiconductor investment in the US by $30bn, bringing its total commitment to nearly $200bn. The investment will allocate $150bn to domestic memory manufacturing and $50bn to research and development.
Read more: Micron restructures business units to harness AI market potential
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