Micron Updates Fourth Quarter Fiscal 2025 Guidance
Micron Technology (Nasdaq: MU) has revised its Q4 fiscal 2025 guidance upward, reflecting improved pricing conditions and strong execution. The company increased its revenue guidance to $11.2 billion ± $100 million from the previous $10.7 billion ± $300 million.
Key updates include improved non-GAAP gross margins of 44.5% ± 0.5% (up from 42.0% ± 1.0%) and non-GAAP EPS of $2.85 ± $0.07 (increased from $2.50 ± $0.15). The revision is primarily driven by improved DRAM pricing and operational performance.
Micron Technology (Nasdaq: MU) ha rivisto al rialzo la guidance per il quarto trimestre fiscale 2025, riflettendo condizioni di prezzo migliorate e una solida esecuzione. L'azienda ha aumentato la previsione dei ricavi a $11.2 miliardi ± $100 milioni rispetto ai precedenti $10.7 miliardi ± $300 milioni.
Gli aggiornamenti chiave includono margini lordi non-GAAP migliorati del 44.5% ± 0.5% (da 42.0% ± 1.0%) e un EPS non-GAAP di $2.85 ± $0.07 (in aumento rispetto a $2.50 ± $0.15). La revisione è principalmente dovuta al miglioramento dei prezzi DRAM e a una migliore performance operativa.
Micron Technology (Nasdaq: MU) ha revisado al alza su guía para el cuarto trimestre fiscal 2025, reflejando mejores condiciones de precios y una ejecución sólida. La compañía elevó su previsión de ingresos a $11.2 mil millones ± $100 millones desde los anteriores $10.7 mil millones ± $300 millones.
Las actualizaciones clave incluyen márgenes brutos non-GAAP mejorados de 44.5% ± 0.5% (desde 42.0% ± 1.0%) y un EPS non-GAAP de $2.85 ± $0.07 (incrementado desde $2.50 ± $0.15). La revisión se debe principalmente a la mejora en los precios de DRAM y al rendimiento operativo.
Micron Technology (Nasdaq: MU)는 2025 회계연도 4분기 전망치를 상향 조정했으며, 이는 가격 여건 개선과 강력한 실행력을 반영한 결과입니다. 회사는 매출 가이던스를 종전 $10.7 billion ± $300 million에서 $11.2 billion ± $100 million으로 상향했습니다.
주요 업데이트로는 비-GAAP 총마진이 44.5% ± 0.5%로 개선(종전 42.0% ± 1.0%)되고 비-GAAP 주당순이익(EPS)이 $2.85 ± $0.07으로 상향(종전 $2.50 ± $0.15)된 점이 포함됩니다. 이번 조정은 주로 DRAM 가격 개선과 운영 성과 향상에 기인합니다.
Micron Technology (Nasdaq: MU) a relevé ses prévisions pour le quatrième trimestre fiscal 2025, reflétant une amélioration des prix et une exécution solide. La société a porté sa prévision de chiffre d'affaires à $11,2 milliards ± $100 millions contre $10,7 milliards ± $300 millions précédemment.
Parmi les principales mises à jour figurent des marges brutes non-GAAP améliorées de 44,5% ± 0,5% (contre 42,0% ± 1,0%) et un EPS non-GAAP de $2,85 ± $0,07 (en hausse par rapport à $2,50 ± $0,15). Cette révision s'explique principalement par l'amélioration des prix de la DRAM et des performances opérationnelles.
Micron Technology (Nasdaq: MU) hat seine Prognose für das vierte Geschäftsquartal 2025 nach oben angepasst und damit verbesserte Preisbedingungen und starke operative Umsetzung berücksichtigt. Das Unternehmen hat seine Umsatzprognose auf $11.2 Milliarden ± $100 Millionen erhöht (zuvor $10.7 Milliarden ± $300 Millionen).
Wesentliche Änderungen umfassen verbesserte non-GAAP-Bruttomargen von 44.5% ± 0.5% (zuvor 42.0% ± 1.0%) sowie ein non-GAAP-EPS von $2.85 ± $0.07 (gestiegen von $2.50 ± $0.15). Die Anpassung wird hauptsächlich durch bessere DRAM-Preise und die operative Leistung getrieben.
- Revenue guidance increased by $500M to $11.2B ± $100M
- Non-GAAP gross margin guidance improved by 250 basis points to 44.5% ± 0.5%
- Non-GAAP EPS guidance raised by $0.35 to $2.85 ± $0.07
- Improved DRAM pricing conditions
- Tighter guidance ranges indicate increased certainty in outlook
- Operating expenses slightly increased to $1.22B ± $15M from $1.20B ± $20M
Insights
Micron raises Q4 guidance with higher revenue, margins, and EPS due to improved DRAM pricing and strong execution.
Micron's revised Q4 fiscal 2025 guidance represents a meaningful upside surprise to previous forecasts. Revenue expectations increased to
The company's non-GAAP gross margin guidance has improved substantially to
The EPS guidance increase to
The primary drivers cited - improved DRAM pricing and strong execution - suggest both favorable industry conditions and company-specific operational excellence. DRAM pricing improvements indicate a healthier supply-demand balance in the memory market, which typically creates a more favorable pricing environment for all players. This could signal the continuation of a positive cycle in memory chip pricing, which has historically been cyclical.
BOISE, Idaho, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) (the “Company”) today announced that it is updating its revenue, gross margin, operating expense, and EPS guidance for the fourth quarter of fiscal 2025, which ends August 28, 2025. The Company previously provided guidance for revenue of
The Company today updated its guidance for fourth quarter of fiscal 2025 revenue to
Micron Executive Vice President and Chief Business Officer, Sumit Sadana, will share further updates in a fireside chat at the 2025 Keybanc Technology Conference in Park City, Utah scheduled to take place at 9:00 a.m. Mountain time on August 11, 2025.
The live webcast and subsequent replay of the event can be accessed from Micron’s Investor Relations website at http://investors.micron.com.
| Previous Guidance | Updated Guidance | ||||||||||||||
| GAAP Outlook | Adjustments | Non-GAAP Outlook | GAAP Outlook | Adjustments | Non-GAAP Outlook | ||||||||||
| Revenue | — | — | |||||||||||||
| Gross margin | A | A | |||||||||||||
| Operating expenses | B | B | |||||||||||||
| Diluted earnings per share(1) | A, B, C | A, B, C | |||||||||||||
| Non-GAAP Adjustments (in millions) | |||||
| A | Stock-based compensation – cost of goods sold | $ | 119 | ||
| B | Stock-based compensation – research and development | 93 | |||
| B | Stock-based compensation – sales, general, and administrative | 54 | |||
| C | Tax effects of the above items and other tax adjustments | (27 | ) | ||
| $ | 239 | ||||
(1) GAAP earnings per share based on approximately 1.13 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares.
The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s financial and operating results, in particular the Company’s expectations and guidance for the fourth quarter of fiscal 2025. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents the Company files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the Company’s actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. The Company is under no duty to update any of the forward-looking statements after the date of this press release, except as required by applicable law.
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Micron Media Relations Contact
Mark Plungy
Micron Technology, Inc.
+1 (408) 203-2910
corpcomms@micron.com
Micron Investor Relations Contact
Satya Kumar
Micron Technology, Inc.
+1 (408) 450-6199
satyakumar@micron.com
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