Filing Flows › Micron Technology (MU) › Q2 FY25
Micron Technology (MU) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 21, 2025
Micron Technology (MU) reported revenue of $8.1B for the second quarter fiscal 2025 (Q2 FY25), +38% from a year earlier and -8% from the quarter before. Operating margin was 22.0%, net earnings $1.6B (19.7% of revenue).
Micron Technology, Q2 FY25: revenue $8.1B (+38% year over year), operating margin 22.0%, net earnings $1.6B, operating cash flow $3.9B. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.1B | -8% | +38% |
| Gross profit | $3.0B | -11% | +175% |
| Operating profit | $1.8B | -18% | +828% |
| Net earnings | $1.6B | -15% | +100% |
| Operating cash flow | $3.9B | +22% | +223% |
What changed
Revenue was $8.1B in Q2 FY25, up 38% year over year and down 8% from the previous quarter. CNBU was the largest line at 57% of revenue. CNBU added $2.4B year over year (up 109%), 107% of the total change. All Other declined 84%.
Gross margin was 36.8%, up 18.3 points from a year earlier. Operating profit was $1.8B, a 22.0% margin (up 18.7 points year over year). Of the extra revenue versus a year earlier, 71% reached operating profit, above the 3% margin then. Operating expenses grew 34% against revenue growth of 38%. Net earnings were $1.6B, up 100% year over year. The effective tax rate was 10.1%.
Operating cash flow was $3.9B (up 223% year over year), 249% of net earnings. Non-cash charges added back $2.1B of depreciation and amortization and $0.25B of share-based compensation. Capital expenditures of $4.1B exceeded it, leaving free cash flow of −$0.11B.
Questions
What was Micron Technology's revenue in the second quarter fiscal 2025?
Micron Technology (MU) reported revenue of $8.1B for the second quarter fiscal 2025 (Q2 FY25), +38% from a year earlier and -8% from the quarter before.
Was Micron Technology profitable in the second quarter fiscal 2025?
Operating profit was $1.8B (22.0% of revenue) and net earnings $1.6B.
Source: Micron Technology 10-Q on SEC EDGAR.