Q4 25 EPS
$3.03
BEAT +12.64%
Est. $2.69
Q4 25 Revenue
$11.32B
BEAT +1.43%
Est. $11.16B
vs S&P Since Q4 25
+475.9%
BEATING MARKET
MU +488.1% vs S&P +12.2%
Full Year 2025 Results
FY 25 EPS
$8.29
FY 25 Revenue
$37.38B
Market Reaction
Did MU Beat Earnings? Q4 2025 Results
Micron Technology closed out fiscal Q4 2025 with a strong beat on both top and bottom lines, as surging AI data center demand propelled revenue 46.0% higher year-over-year to $11.31 billion, edging past the $11.16 billion consensus estimate by 1.43%.… Read more Micron Technology closed out fiscal Q4 2025 with a strong beat on both top and bottom lines, as surging AI data center demand propelled revenue 46.0% higher year-over-year to $11.31 billion, edging past the $11.16 billion consensus estimate by 1.43%. Non-GAAP earnings per share of $3.03 cleared the $2.86 consensus by 5.94%, more than doubling from $1.18 in the year-ago quarter. The standout driver was Micron's Cloud Memory Business Unit, which more than tripled revenue to $4.54 billion, fueled by relentless appetite for high-bandwidth memory and AI-optimized products, helping push non-GAAP gross margins to 45.7% from 36.5% a year earlier. Analysts tracking the broader AI chip supply chain have noted that Micron's spending forecasts carry outsized influence across semiconductor equipment names, and the company's forward guidance did not disappoint; Micron guided fiscal Q1 2026 revenue to $12.50 billion and non-GAAP EPS to $3.75, with non-GAAP gross margins expected to cross 51.5%, reflecting continued momentum in its memory portfolio heading into the new fiscal year.
Key Takeaways
- • AI data center growth driving record Cloud Memory revenue
- • Significant gross margin expansion across all segments
- • Strong demand for DRAM and high-bandwidth memory products
- • Operational execution and technology leadership
MU YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
MU Revenue by Segment
With YoY comparisons, source: SEC Filings
“Micron closed out a record-breaking fiscal year with exceptional Q4 performance, underscoring our leadership in technology, products, and operational execution.”
— Sanjay Mehrotra, Q4 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 | — |