'Semiconductor Barometer' Micron Reports 46% Surge in Q4 Revenue... 'Earnings Surprise'

Q4 Earnings Announcement: Revenue Hits 15 Trillion Won, Operating Profit at 5 Trillion Won
Up 46% and 126.6% Year-on-Year, Respectively
DRAM Sales Lead the Way with 70% Growth
Confident in Strong Q1 Next Year: "Uniquely Positioned"

On September 23 (local time), U.S. semiconductor company Micron Technology reported an "earnings surprise" in its financial results for the fourth quarter of fiscal year 2025 (June to August).

'Semiconductor Barometer' Micron Reports 46% Surge in Q4 Revenue... 'Earnings Surprise'

Micron Technology's NOR Flash

Micron announced that it recorded revenue of $11.32 billion (approximately 15 trillion won) and adjusted operating profit of $3.96 billion (about 5 trillion won) in the fourth quarter. These figures represent increases of 46% and 126.6%, respectively, compared to the same period last year. Adjusted earnings per share (EPS) was $3.03, up 156.8% year-on-year. Wall Street had projected Micron’s revenue and EPS at $11.12 billion and $2.87, respectively, but the company significantly surpassed these expectations.

Strong DRAM sales drove the robust performance. Micron’s DRAM revenue for the fourth quarter was $8.98 billion, up about 70% from the previous year. This is largely attributed to the recent upward trend in DRAM prices. In contrast, NAND revenue was somewhat sluggish at $2.25 billion, down 5% year-on-year. By business segment, cloud memory revenue soared 213.6% to $4.543 billion compared to the previous year. The mobile & client segment rose 24.5% to $3.76 billion, while the automotive & embedded segment increased 16.6% to $1.434 billion.

Micron expressed confidence that its strong performance would continue in the first quarter of next year (the first quarter of fiscal year 2026). The company provided revenue guidance of $12.2 billion to $12.8 billion. Adjusted EPS is also projected to be between $3.60 and $3.90. Sanjay Mehrotra, CEO of Micron, emphasized, "As the only memory manufacturer in the United States, Micron is uniquely positioned to capitalize on the upcoming opportunities in artificial intelligence (AI)."