Micron Technology said revenue for fiscal 2025 Q3 ended May 29, 2025 was $9.30 billion, compared with $8.05 billion in the prior quarter and $6.81 billion in the same period last year. GAAP net income was $1.89 billion, or $1.68 per diluted share.

1. 01

   Micron Technology said revenue for fiscal 2025 Q3 ended May 29, 2025 was $9.30 billion, compared with $8.05 billion in the prior quarter and $6.81 billion in the same period last year. GAAP net income was $1.89 billion, or $1.68 per diluted share.

2. 02

   The company disclosed that GAAP gross margin for Q3 was 37.7%, compared with 36.8% in the prior quarter and 26.9% in the same period last year, and GAAP operating income was $2,169 million, or 23.3% of revenue. Non-GAAP operating income was $2,490 million.

3. 03

   Micron said operating cash flow for Q3 was $4.61 billion, compared with $3.94 billion in the prior quarter, investments in capital expenditures, net were $2.66 billion, and adjusted free cash flow was $1.95 billion. Cash, marketable investments, and restricted cash at the end of the quarter totaled $12.22 billion.

4. 04

   The company provided revenue guidance for Q4 of $10.7 billion ± $300 million, GAAP gross margin of 41.0% ± 1.0%, and GAAP diluted earnings per share of $2.29 ± $0.15.

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