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Micron's DRAM Revenues Hit $28.6B: Can the Momentum Continue?

Key Takeaways MU posted 28.6BDRAMrevenuesinFY2025,up6228.6B DRAM revenues in FY 2025, up 62% year-over-year.HBM chips drove nearly 2B in Q4 sales, putting MU on an 8Bannualizedrunratefromthisproductline.Grossmarginsroseto418B annualized run rate from this product line.Gross margins rose to 41% in FY2025, with Q1 fiscal 2026 revenue guided to about 12.5B.Micron Technology (MU) ended its fiscal 2025 with record sales in the Dynamic Random Access Memory (DRAM) business. For fiscal 2025, Micron delivered DRAM revenues of $28.6 billion, which represents a year-over-year increase of 62%. Moreover ...