Q3 2025 Micron Technology Inc Earnings Call Transcript
Key Points
- Micron Technology Inc (MU) delivered record revenue in fiscal Q3, with revenue, gross margin, and EPS all exceeding the high end of guidance ranges.
- Data center revenue more than doubled year over year, reaching a record level.
- Micron achieved a new quarterly record for market share in data center SSDs and became the number two brand by share in this segment.
- The company is making excellent progress on its 1-gamma DRAM technology node, with yield ramping ahead of the record pace achieved on the 1-beta node.
- Micron announced plans to invest approximately $200 billion in the US over the next 20-plus years, including $150 billion in manufacturing and $50 billion in R&D.
- Despite strong performance, DRAM and NAND prices decreased in the low single-digit and high single-digit percentage ranges, respectively.
- Micron's fiscal Q3 operating expenses increased by $87 million quarter over quarter, driven by higher R&D investments and labor-related costs.
- The company is facing some tariff-related pull-ins by certain customers, which could impact demand.
- Micron's NAND technology transitions are resulting in a 10% structurally lower NAND wafer capacity by the end of fiscal 2025.
- There are ongoing challenges with customer qualifications for HBM3E and HBM4, which may affect future supply and demand dynamics.
Thank you for standing by. Welcome to Micron's fiscal third-quarter 2025 financial conference call. (Operator Instructions) As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Satya Kumar, Investor Relations. Please go ahead, sir.
Thank you and welcome to Micron Technology's fiscal third-quarter 2025 financial conference call. On the call with me today are Sanjay Mehrotra, our Chairman, President, and CEO; and Mark Murphy, our CFO.
Todayâs call is being webcast from our Investor Relations site at investors.micron.com, including audio and slides. In addition, the press release detailing our quarterly results has been posted on the website, along with the prepared remarks for this call.
Before we begin, let me remind everyone that today's discussion contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include statements regarding our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
