AI English summary of an SEC filing — figures as filed
Micron Technology MUMicron Technology announced that for fiscal 2025 Q2 ended February 27, 2025, revenue was $8.05 billion, compared with $8.71 billion in the prior quarter and $5.82 billion in the same period last year, and GAAP net income was $1.58 billion, or $1.41 per diluted share.
Key points
AI summaryMicron Technology announced that for fiscal 2025 Q2 ended February 27, 2025, revenue was $8.05 billion, compared with $8.71 billion in the prior quarter and $5.82 billion in the same period last year, and GAAP net income was $1.58 billion, or $1.41 per diluted share.
The company said that for Q2, GAAP gross margin was 36.8%, compared with 38.4% in the prior quarter and 18.5% in the same period last year, and non-GAAP gross margin was 37.9%. GAAP operating margin was 22.0%, compared with 25.0% in the prior quarter and 3.3% in the same period last year.
Micron said that for Q2, operating cash flow was $3.94 billion, compared with $3.24 billion in the prior quarter and $1.22 billion in the same period last year, and adjusted free cash flow, reflecting net investments in capital expenditures of $3.09 billion, was $857 million. Cash, marketable investments, and restricted cash at the end of the quarter were $9.60 billion.
The company provided guidance for Q3 revenue of $8.80 billion ± $200 million, GAAP diluted earnings per share of $1.37 ± $0.10, and non-GAAP diluted earnings per share of $1.57 ± $0.10. Micron also said its Board of Directors declared a quarterly dividend of $0.115 per share on March 20, 2025.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Fiscal 2025 Q2 Revenue and GAAP Net Income
Micron Technology announced that for fiscal 2025 Q2 ended February 27, 2025, revenue was $8.05 billion, compared with $8.71 billion in the prior quarter and $5.82 billion in the same period last year, and GAAP net income was $1.58 billion, or $1.41 per diluted share.
Source · Based on the filing body and exhibits
Q2 GAAP and Non-GAAP Gross Margin and Operating Margin
The company said that for Q2, GAAP gross margin was 36.8%, compared with 38.4% in the prior quarter and 18.5% in the same period last year, and non-GAAP gross margin was 37.9%. GAAP operating margin was 22.0%, compared with 25.0% in the prior quarter and 3.3% in the same period last year.
Source · Based on the filing body and exhibits
Q2 Operating Cash Flow and Adjusted Free Cash Flow
Micron said that for Q2, operating cash flow was $3.94 billion, compared with $3.24 billion in the prior quarter and $1.22 billion in the same period last year, and adjusted free cash flow, reflecting net investments in capital expenditures of $3.09 billion, was $857 million. Cash, marketable investments, and restricted cash at the end of the quarter were $9.60 billion.
Source · Based on the filing body and exhibits
Fiscal 2025 Q3 Guidance and Dividend
The company provided guidance for Q3 revenue of $8.80 billion ± $200 million, GAAP diluted earnings per share of $1.37 ± $0.10, and non-GAAP diluted earnings per share of $1.57 ± $0.10. Micron also said its Board of Directors declared a quarterly dividend of $0.115 per share on March 20, 2025.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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