业绩总结 - Micron在2025财年第四季度实现创纪录的收入，达到374亿美元，同比增长近50%[8] - FQ4-25的总收入为113.15亿美元，环比增长22%，同比增长46%[89] - FY-25的总收入为373.78亿美元，同比增长49%[81] - FQ4-25的净收入为34.69亿美元，占总收入的31%[80] - FY-25的净收入为94.70亿美元，占总收入的25%[81] - FQ4-25的GAAP净收入为32.01亿美元，较FQ3-25增长69%[95] - FY-25的GAAP净收入为85.39亿美元，较FY-24增长1008%[100] 用户数据 - 数据中心业务在2025财年占公司总收入的56%，毛利率为52%[24] - 云内存业务（CMBU）在FQ4-25的收入为45.43亿美元，较FQ3-25增长34%，同比增长214%[90] - 核心数据业务（CDBU）在FQ4-25的收入为15.77亿美元，较FQ3-25增长3%，同比下降23%[90] - 移动和客户端业务（MCBU）在FQ4-25的收入为37.60亿美元，较FQ3-25增长16%，同比增长25%[90] - 自动化和嵌入式业务（AEBU）在FQ4-25的收入为14.34亿美元，较FQ3-25增长27%，同比增长17%[90] 毛利率与现金流 - Micron的毛利率在2025财年增长了17个百分点，达到41%[8] - FQ4-25的非GAAP毛利率为46%，同比增长10个百分点[80] - FQ4-25的现金流来自运营为57.30亿美元，占总收入的51%[71] - FY-25的调整后自由现金流为37亿美元[71] 未来展望 - 预计2025年数据中心服务器单位增长约10%，高于之前的中低个位数增长预期[21] - 预计2025年行业DRAM位需求增长将在高十几个百分点范围内[45] - FQ1-26的收入指导为125亿美元±3亿[77] 新产品与技术研发 - Micron的HBM收入在2025财年第四季度接近20亿美元，年化收入接近80亿美元[24] - Micron的1γ DRAM节点在记录时间内达到成熟产量，比前一代快50%[16] - Micron的LPDDR5在第四季度实现超过50%的环比增长，创下收入纪录[33] 其他财务数据 - DRAM在FQ4-25的收入为89.84亿美元，占总收入的79%，环比增长27%，同比增长69%[88] - NAND在FQ4-25的收入为22.52亿美元，占总收入的20%，环比增长5%，同比下降5%[88] - FQ4-25的非GAAP净收入为34.69亿美元，较FQ3-25增长59%[95] - FQ4-25的GAAP每股摊薄收益为2.83美元，较FQ3-25增长68%[97] - FQ4-25的非GAAP每股摊薄收益为3.03美元，较FQ3-25增长59%[97]

Micron Technology (NASDAQ:MU) edged up during early post-market trading Tuesday after the company reported its fourth quarter fiscal 2025 financial results. Artificial intelligence data center growth propelled revenue well past estimates, and the company expects to increase its revenue by more ...

A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025.Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.The stock rose in extended trading.Here's how the company did in comparison with the LSEG consensus:Earnings per share: $3.03, adjusted, vs. $2.86 expectedRevenue: $11.32 billion vs. $11.22 billion expectedMicron said revenue in the current period, its fiscal first quarter, will be about ...

U.S. stock markets experienced a pullback on Tuesday, September 23, 2025, as major indexes retreated from the record highs achieved in the preceding sessions. The day's trading was heavily influenced by comments from Federal Reserve Chair Jerome Powell, who spoke for the first time since the central bank's recent interest rate cut, and a mixed bag of corporate news. Investors digested Powell's cautious remarks, which tempered some of the optimism that had driven the market's recent rally.Major Market Indexe ...

Micron Technology forecast first-quarter revenue above market estimates on Tuesday, betting on booming demand for artificial intelligence hardware to boost sales of its advanced memory chips. ...

风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 美光科技第四财季调整后营收113.2亿美元，分析师预期111.5亿美元。 ...

收入和利润（同比环比） - 2025财年第四季度收入为113.15亿美元，环比增长21.7%，同比增长46.0%[3][4] - 2025财年全年收入为373.78亿美元，同比增长48.8%[4][5] - 第四季度GAAP净利润为32.01亿美元，非GAAP净利润为34.69亿美元[3][4] - 全年GAAP净利润为85.39亿美元，非GAAP净利润为94.70亿美元[4][5] - 2025财年第四季度GAAP净收入为32.01亿美元，同比增长260.8%[20] - 2025财年全年GAAP净收入为85.39亿美元，较上年7.78亿美元增长997.6%[18][20] - 2025财年第四季度非GAAP每股收益为3.03美元，高于GAAP的2.83美元[20] 成本和费用（同比环比） - 第四季度GAAP毛利率为44.7%，非GAAP毛利率为45.7%[3] 各条业务线表现 - 云内存业务部门第四季度收入45.43亿美元，毛利率59%，营业利润率48%[6] - 移动和客户端业务部门第四季度收入37.60亿美元，毛利率36%，营业利润率29%[6] 管理层讨论和指引 - 2026财年第一季度收入指引为125亿美元±3亿美元，毛利率指引为51.5%±1.0%[7] - 2026财年第一季度收入指引125亿美元±3亿美元[26] - 2026财年第一季度非GAAP毛利率指引51.5%±1.0%[26] 其他财务数据 - 2025财年资本支出净额为138.0亿美元[5] - 期末现金及等价物和受限现金为119.4亿美元[5] - 2025财年资本支出达158.57亿美元，同比增长89.2%[18] - 期末现金及等价物增至96.46亿美元，同比增长36.9%[18] - 2025财年运营现金流为175.25亿美元，同比增长106.0%[18] - 应收账款从66.15亿美元增至92.65亿美元，同比增长40.1%[16] - 长期债务从129.66亿美元增至140.17亿美元[16]

Record fiscal Q4 and full-year revenue driven by AI data center growthForecasting $1.2 billion in sequential revenue growth with gross margins exceeding 50% BOISE, Idaho, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2025, which ended August 28, 2025. Fiscal Q4 2025 highlights Revenue of $11.32 billion versus $9.30 billion for the prior quarter and $7.75 billion for the same period last yearGAAP net income of $ ...

It's now time to discuss the latest for Micron as we have earnings out after the close today. So, always earning season if you're a believer. We do still have some of these big tech names to really parse through once we get those results after the close.But for more clarity on what to expect, of course, for Micron, a name that's been a really solid performer this year. I'd like to welcome in Ali Mo Garabi, senior equity analyst for West End Capital Management. So, thank you so much for joining us today.Of c ...

Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks on Market Radar. On September 18, Rosenblatt analyst Hans Mosesmann reiterated a Buy rating on the stock with a $200.00 price target. The rating comes ahead of its upcoming earnings report on September 23, with the firm expecting Micron to exceed its August 11 pre-announcement figures and deliver stronger-than-consensus guidance for the November quarter. “We expect Micron to deliver a modest beat relative to its August 11 pre-announcement, with ...