Micron Technology Inc.

Record Financial Performance: Micron reported fiscal Q3 2025 revenue of $9.3 billion, marking a 15% sequential increase and a 37% year-over-year growth. DRAM revenue reached $7.1 billion, up 51% YoY, with bit shipments up 20% and a strong performance in consumer-oriented markets driving growth.

Strong HBM Growth and Market Position: Micron achieved a significant milestone with HBM revenue doubling year-over-year, capturing a market share of approximately 23-24%. The demand for HBM is expected to significantly exceed overall DRAM demand in 2026, driven by AI server and accelerator platforms. Micron is positioned to supply this increasing demand with new HBM products such as HBM3E 12-high and HBM4.

Positive Outlook for Fiscal Q4 and Beyond: The company anticipates sequential revenue growth of 15% in fiscal Q4 to reach approximately $10.7 billion. Margins are expected to improve further, with gross margin guidance of 42%, benefiting from a favorable product mix and pricing execution, as well as tighter inventory management.