Micron hits record q3 revenue, beats on strong AI memory demand

Micron Technology reported record revenue for the third quarter of fiscal year 2025, ending May 29, with sales reaching $9.30 billion—up from $8.05 billion in the previous quarter and $6.81 billion a year earlier.

Net income came in at $1.89 billion, or $1.68 per share, while adjusted earnings stood at $2.18 billion, or $1.91 per share—well above analysts’ average estimate of $1.60 per share.

“Micron delivered record revenue in fiscal Q3, driven by all-time high DRAM revenue, including nearly 50% sequential growth in HBM sales,” said CEO Sanjay Mehrotra. “Data center revenue more than doubled year-over-year to a quarterly record, while consumer end-markets showed strong sequential growth.”

“We are on track to achieve record revenue, solid profitability, and positive free cash flow for fiscal 2025 as we continue disciplined investments to strengthen our technology leadership, manufacturing excellence, and meet the rising AI-driven demand for memory,” he added.

For fiscal Q4, Micron expects revenue of approximately $10.7 billion, plus or minus $300 million—above analysts’ consensus of $9.88 billion, according to LSEG data.