Q1 25 EPS
$1.79
BEAT +1.13%
Est. $1.77
Q1 25 Revenue
$8.71B
BEAT +0.03%
Est. $8.71B
vs S&P Since Q1 25
+1,005.5%
BEATING MARKET
MU +1,032.1% vs S&P +26.6%
Market Reaction
Did MU Beat Earnings? Q1 2025 Results
Micron Technology posted a strong fiscal first quarter, beating Wall Street expectations on both the top and bottom lines even as shares fell sharply after the company issued softer-than-expected forward guidance. For the quarter ended November 28, 2… Read more Micron Technology posted a strong fiscal first quarter, beating Wall Street expectations on both the top and bottom lines even as shares fell sharply after the company issued softer-than-expected forward guidance. For the quarter ended November 28, 2024, the memory chipmaker reported non-GAAP diluted EPS of $1.79, edging past the $1.77 consensus estimate by 1.18%, while revenue of $8.71 billion matched and narrowly beat estimates by 0.03%, representing an 84.3% surge from the year-ago period. The engine behind that dramatic growth was data center demand tied to AI infrastructure, with that segment crossing 50% of total revenue for the first time and growing more than 400% year over year. GAAP net income reached $1.87 billion, compared to a loss of $1.23 billion a year ago, while gross margin expanded to 38.4% from negative 0.7%. Looking ahead, Micron guided Q2 revenue of $7.90 billion and non-GAAP EPS of $1.43, reflecting near-term softness in consumer markets, though management anticipates a recovery in the second half of fiscal 2025 as AI-driven demand continues to build.
Key Takeaways
- • Strong AI demand driving data center revenue growth over 400% year over year
- • Data center revenue surpassed 50% of total revenue for the first time
- • Significant gross margin expansion from negative 0.7% to 38.4% GAAP year over year
- • Gains in highest margin and strategically important parts of the memory market
MU YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
MU Revenue by Segment
With YoY comparisons, source: SEC Filings
“Micron delivered a record quarter, and our data center revenue surpassed 50% of our total revenue for the first time. While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year. We continue to gain share in the highest margin and strategically important parts of the market and are exceptionally well positioned to leverage AI-driven growth to create substantial value for all stakeholders.”
— Sanjay Mehrotra, Q1 2025 Earnings Press Release
MU Earnings Trends
MU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MU EPS Trend
Earnings per share: estimate vs actual
MU Revenue Trend
Quarterly revenue: estimate vs actual
MU Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $9.31 | $12.20 | +31.04% | $23.86B | +22.28% |
| Q1 26 BEAT | $3.94 | $4.78 | +21.32% | $13.64B | +5.91% |
| Q4 25 BEAT FY | $2.69 | $3.03 | +12.64% | $11.32B | +1.43% |
| FY Full Year | — | $8.29 | — | $37.38B | — |
| Q3 25 BEAT | $1.45 | $1.91 | +31.72% | $9.30B | +5.05% |
| Q2 25 BEAT | $1.28 | $1.56 | +21.88% | $8.05B | +1.97% |
| Q1 25 BEAT | $1.77 | $1.79 | +1.13% | $8.71B | +0.03% |
| Q4 24 BEAT FY | $1.14 | $1.18 | +3.51% | $7.75B | +1.51% |
| FY Full Year | — | $1.30 | — | $25.11B | — |