Filing Flows › Micron Technology (MU) › Q4 FY25
Micron Technology (MU) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Oct 3, 2025
Micron Technology (MU) reported revenue of $11.3B for the fourth quarter fiscal 2025 (Q4 FY25), +46% from a year earlier and +22% from the quarter before. Operating margin was 32.3%, net earnings $3.2B (28.3% of revenue).
Micron Technology, Q4 FY25: revenue $11.3B (+46% year over year), operating margin 32.3%, net earnings $3.2B, operating cash flow $5.7B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.3B | +22% | +46% |
| Gross profit | $5.1B | +44% | +85% |
| Operating profit | $3.7B | +68% | +140% |
| Net earnings | $3.2B | +70% | +261% |
| Operating cash flow | $5.7B | +24% | +68% |
| Free cash flow | $72.0M | -96% | -75% |
What changed
Revenue was $11.3B in Q4 FY25, up 46% year over year and up 22% from the previous quarter. DRAM was the largest line at 79% of revenue.
Gross margin was 44.7%, up 9.4 points from a year earlier. Operating profit was $3.7B, a 32.3% margin (up 12.7 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 20% margin then. Operating expenses grew 15% against revenue growth of 46%. The fastest-growing cost line was Other operating costs (+129%). Net earnings were $3.2B, up 261% year over year. The effective tax rate was 11.8%.
Operating cash flow was $5.7B (up 68% year over year), 179% of net earnings. Non-cash charges added back $2.1B of depreciation and amortization and $0.25B of share-based compensation. Capital expenditures of $5.7B left free cash flow of $0.07B.
Questions
What was Micron Technology's revenue in the fourth quarter fiscal 2025?
Micron Technology (MU) reported revenue of $11.3B for the fourth quarter fiscal 2025 (Q4 FY25), +46% from a year earlier and +22% from the quarter before.
Was Micron Technology profitable in the fourth quarter fiscal 2025?
Operating profit was $3.7B (32.3% of revenue) and net earnings $3.2B.
Source: Micron Technology 10-K on SEC EDGAR.