
Micron Technology's Record-Breaking Fiscal Year 2025
Highlights
- Record revenue: $37.4B in FY2025 (+49% YoY)
- Gross margin: 41% (+17 percentage points YoY)
- DRAM revenue: $28.6B in FY2025 (+62% YoY)
- EPS: $8.29 in FY2025 (+538% YoY)
- Data center business: 56% of total revenue with 52% gross margins
- Fiscal Q4 2025 revenue: $11.3B (+22% sequentially, +46% YoY)
- Fiscal Q4 2025 DRAM revenue: $9B (+69% YoY)
- Fiscal Q4 2025 NAND revenue: $2.3B (flat QoQ, +5% YoY)
- Fiscal Q4 2025 gross margin: 45.7% (+670 basis points sequentially)
Micron Technology has reported a groundbreaking fiscal year 2025, achieving record revenues amidst robust demand across key markets. The company's fiscal Q4 and year-end results are marked by strong growth metrics driven mainly by the impressive expansion in the data center and DRAM sectors.
Record Revenue and Margin Expansion
Fiscal 2025 was a standout year for Micron, reporting a record revenue of $37.4 billion, reflecting a significant 49% year-over-year growth. This substantial growth is supported by expanding gross margins, which rose by 17 percentage points to reach 41% over the same period. A critical component of this success was driven by Micron's leadership in advanced data center products and a broad DRAM pricing strength across various markets.
Surge in DRAM and Data Center Success
Micron's DRAM revenue reached an unparalleled $28.6 billion for the fiscal year, up 62% from the previous year, with fourth-quarter DRAM revenue soaring 69% year over year to $9 billion. The data center business was a significant contributor, comprising 56% of the total company revenue, with an impressive gross margin of 52%.
Fourth Quarter Highlights
The fourth quarter saw record-breaking quarterly results with revenue hitting $11.3 billion, marking a 22% sequential and 46% year-on-year increase. The gross margin for fiscal Q4 stood at 45.7%, up by 670 basis points sequentially, showcasing the effectiveness of Micron's strategic operations and cost reductions.
Financial Position and Allocation
Micron concludes the fiscal year with a strong financial positioning, generating $3.7 billion in free cash flow for fiscal 2025, which is 10% of their revenue. The company sees continued investment in technology node migration and capacity expansion as it gears up for increasing future demand, especially in the thriving AI and data center segments.
Micron Technology's fiscal year 2025 marks an era of substantial growth, laying a firm foundation for its leadership in the semiconductor industry and its critical role in harnessing upcoming AI-driven opportunities.