Micron Technology ( (MU) ) has released its Q2 earnings. Here is a breakdown of the information Micron Technology presented to its investors.
Micron Technology, Inc. is a leading provider of innovative memory and storage solutions, specializing in high-performance DRAM, NAND, and NOR products for various applications, including artificial intelligence and data centers.
In its latest earnings report for the second quarter of fiscal 2025, Micron Technology announced a revenue of $8.05 billion, a significant increase from $5.82 billion in the same period last year. The company also reported a GAAP net income of $1.58 billion, or $1.41 per diluted share, reflecting strong demand in the AI and data center markets.
Key highlights from the report include Micron’s HBM revenue surpassing the $1 billion mark and record data center DRAM revenue driven by robust AI demand. The company achieved an operating cash flow of $3.94 billion, up from $1.22 billion in the previous year, and declared a quarterly dividend of $0.115 per share.
Looking ahead, Micron Technology is optimistic about its future performance, expecting record quarterly revenue in fiscal Q3 2025, with continued growth in DRAM and NAND demand across data center and consumer markets. The company is on track for record revenue and improved profitability for the fiscal year.
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