S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%
Micron Technology

MU Q4 2025 Earnings

Reported Sep 23, 2025 at 4:02 PM ET · SEC Source

Q4 25 EPS

$3.03

BEAT +5.94%

Est. $2.86

Q4 25 Revenue

$11.32B

BEAT +1.53%

Est. $11.14B

vs S&P Since Q4 25

+215.7%

BEATING MARKET

MU +224.7% vs S&P +9.0%

Full Year 2025 Results

FY 25 EPS

$8.29

BEAT +2.42%

Est. $8.09

FY 25 Revenue

$37.38B

BEAT +0.46%

Est. $37.21B

Market Reaction

Did MU Beat Earnings? Q4 2025 Results

Micron Technology capped fiscal 2025 with a record-breaking quarter, posting Q4 earnings per share of $3.03 against a consensus estimate of $2.86, a beat of 5.94%, while revenue of $11.31 billion topped the $11.14 billion estimate and surged 46.0% ye… Read more Micron Technology capped fiscal 2025 with a record-breaking quarter, posting Q4 earnings per share of $3.03 against a consensus estimate of $2.86, a beat of 5.94%, while revenue of $11.31 billion topped the $11.14 billion estimate and surged 46.0% year over year. The driving force behind the results was unmistakable: AI data center demand propelled the Cloud Memory Business Unit to $4.54 billion in Q4 revenue, more than tripling from $1.45 billion in the year-ago period, with gross margins climbing to 59%. GAAP gross margin expanded to 44.7% from 35.3% a year earlier, reflecting both the memory cycle recovery and Micron's deepening foothold in high-bandwidth memory for AI infrastructure, a dynamic that has analysts bullish on the company's positioning among AI hardware suppliers. Looking ahead, Micron guided fiscal Q1 2026 revenue to approximately $12.50 billion and non-GAAP EPS of $3.75, with non-GAAP gross margins expected to exceed 50% for the first time, signaling continued momentum into the new fiscal year.

Key Takeaways

  • • AI data center growth driving record revenue
  • • All-time highs across data center business in fiscal 2025
  • • Gross margin expansion to 44.7% GAAP / 45.7% non-GAAP in Q4
  • • Cloud Memory Business Unit revenue more than tripled year-over-year
  • • Strong operating cash flow growth to $5.73 billion in Q4
24/7 Wall St

MU YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

MU Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 25 Q1 26

“Micron closed out a record-breaking fiscal year with exceptional Q4 performance, underscoring our leadership in technology, products, and operational execution. In fiscal 2025, 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.”

— Sanjay Mehrotra, Q4 2025 Earnings Press Release

Back to MU Stock Page