Filing Flows › Micron Technology (MU) › Q3 FY25
Micron Technology (MU) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 26, 2025
Micron Technology (MU) reported revenue of $9.3B for the third quarter fiscal 2025 (Q3 FY25), +37% from a year earlier and +15% from the quarter before. Operating margin was 23.3%, net earnings $1.9B (20.3% of revenue).
Micron Technology, Q3 FY25: revenue $9.3B (+37% year over year), operating margin 23.3%, net earnings $1.9B, operating cash flow $4.6B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3B | +15% | +37% |
| Gross profit | $3.5B | +18% | +91% |
| Operating profit | $2.2B | +22% | +202% |
| Net earnings | $1.9B | +19% | +468% |
| Operating cash flow | $4.6B | +17% | +86% |
| Free cash flow | $1.7B | — | +322% |
What changed
Revenue was $9.3B in Q3 FY25, up 37% year over year and up 15% from the previous quarter. CNBU was the largest line at 54% of revenue. CNBU added $2.5B year over year (up 97%), 100% of the total change. EBU declined 5%.
Gross margin was 37.7%, up 10.8 points from a year earlier. Operating profit was $2.2B, a 23.3% margin (up 12.8 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 11% margin then. Operating expenses grew 20% against revenue growth of 37%. Net earnings were $1.9B, up 468% year over year. The effective tax rate was 11.1%.
Operating cash flow was $4.6B (up 86% year over year), 245% of net earnings. Non-cash charges added back $2.1B of depreciation and amortization and $0.25B of share-based compensation. Working capital and other items added $0.38B. Capital expenditures of $2.9B left free cash flow of $1.7B.
Questions
What was Micron Technology's revenue in the third quarter fiscal 2025?
Micron Technology (MU) reported revenue of $9.3B for the third quarter fiscal 2025 (Q3 FY25), +37% from a year earlier and +15% from the quarter before.
Was Micron Technology profitable in the third quarter fiscal 2025?
Operating profit was $2.2B (23.3% of revenue) and net earnings $1.9B.
Source: Micron Technology 10-Q on SEC EDGAR.