Micron Technology, Inc. has revised its financial guidance for the fourth quarter of fiscal 2025, which ends on August 28, 2025. The updated guidance includes projected revenue of $11.2 billion, with a margin of ± $100 million, non-GAAP gross margins of 44.5% ± 0.5%, and non-GAAP earnings per share (EPS) of $2.85 ± $0.07. This adjustment reflects improved pricing, particularly in DRAM, and strong operational execution.
Additionally, Micron's Executive Vice President and Chief Business Officer will provide further insights during a fireside chat at the 2025 Keybanc Technology Conference. The company emphasizes that this guidance does not take into account potential business combinations or other significant transactions that may occur in the future. Investors can access the live webcast and replay of the event through Micron's Investor Relations website.
linkAug 11, 2025 08:05:18
Micron Technology's Board of Directors approved Amended and Restated Bylaws on July 17, 2025, which will take effect immediately. The amendments include adjustments to the company's Delaware exclusive forum provision to align with recent changes in Delaware law, along with other clarifying and conforming updates.
The specific details of the amendments are outlined in the Amended Bylaws, which have been filed as Exhibit 3.1. These changes may be relevant to investors as they reflect the company's compliance with legal standards and governance practices.
linkJul 18, 2025 16:05:39
Micron Technology, Inc. reported record revenue of $9.30 billion for the third quarter of fiscal 2025, marking significant growth from $8.05 billion in the previous quarter and $6.81 billion in the same quarter last year. The company achieved a GAAP net income of $1.89 billion, or $1.68 per diluted share, with a notable increase in operating cash flow to $4.61 billion compared to $3.94 billion in the prior quarter. The company also declared a quarterly dividend of $0.115 per share, payable on July 22, 2025, to shareholders of record as of July 7, 2025.
Looking ahead, Micron expects its fourth quarter revenue to grow by approximately 15% sequentially, projecting revenue of $10.7 billion with a gross margin of around 41%. The company aims to maintain its profitability while investing in technology and manufacturing to meet rising demand for memory products driven by AI applications. Micron's strong financial performance and guidance may influence investor confidence and stock price movements.
linkJun 25, 2025 16:03:10
Micron Technology, Inc. plans to invest approximately $200 billion in U.S. semiconductor manufacturing and research and development, with a focus on enhancing domestic memory supply. This investment includes building a second memory manufacturing facility in Idaho and modernizing its existing facility in Virginia. The initiative is projected to create around 90,000 jobs and aims to meet anticipated demand driven by artificial intelligence, reinforcing Micron's position as a leader in memory technology.
The investment will also involve significant funding from the CHIPS Act, with up to $6.4 billion allocated for the construction of new fabs in Idaho and New York. Micron's strategy includes producing 40% of its DRAM in the U.S. and establishing advanced packaging capabilities domestically. The company is committed to developing a skilled workforce in the semiconductor industry and has allocated over $325 million for educational programs to support this goal.
linkJun 12, 2025 08:40:40
Micron Technology, Inc. has completed the issuance of $1.75 billion in senior notes, consisting of $500 million in 5.65% senior notes due 2032 and $1.25 billion in 6.05% senior notes due 2035. The interest on these notes will be paid semi-annually, starting November 1, 2025, and Micron retains the option to redeem the notes prior to their maturity under specific conditions. The funds raised will primarily be used to redeem existing 2027 notes and for general corporate purposes, including potential debt repayment.
The indenture governing these notes includes customary provisions such as covenants and events of default, which could accelerate obligations in certain situations. Micron has also issued a notice to redeem its outstanding 4.185% senior notes due 2027, totaling $900 million, at a price equal to the principal amount plus any premiums and accrued interest. This redemption aligns with the company's strategy to manage its debt portfolio.
linkApr 29, 2025 16:04:16
Micron Technology, Inc. reported revenue of $8.05 billion for the second quarter of fiscal 2025, a decline from $8.71 billion in the previous quarter but an increase from $5.82 billion year-over-year. The company achieved a GAAP net income of $1.58 billion, or $1.41 per diluted share, while non-GAAP net income was $1.78 billion, or $1.56 per diluted share. Operating cash flow improved to $3.94 billion compared to $3.24 billion in the prior quarter and $1.22 billion in the same period last year. Micron also announced a quarterly dividend of $0.115 per share, payable on April 15, 2025, to shareholders of record by March 31, 2025.
On the negative side, the company's revenue decreased from the previous quarter, and gross margin also declined to 36.8% from 38.4% in the prior quarter. Operating income fell to $1.77 billion from $2.17 billion in the first quarter of fiscal 2025, reflecting a drop in profitability as a percentage of revenue. Additionally, the company reported a decrease in diluted earnings per share from $1.67 in the previous quarter to $1.41. Overall, while Micron demonstrated growth in certain areas, the decline in revenue and margins indicates challenges faced in the current market.
linkMar 20, 2025 16:00:55
The company has filed a Current Report on Form 8-K, which includes information under Item 1.01. This report is officially signed by an authorized representative of the company, fulfilling the requirements set forth by the Securities Exchange Act of 1934.
linkMar 12, 2025 16:05:43
Micron Technology, Inc. has appointed Mark Liu and Christie Simons to its board of directors. Liu brings over 30 years of experience from Taiwan Semiconductor Manufacturing Company (TSMC), where he held various leadership roles and helped TSMC become the largest semiconductor foundry. His background includes significant positions at Intel and AT&T Bell Laboratory. Simons, a senior partner at Deloitte & Touche LLP, will retire in May after nearly 30 years, bringing expertise in technology and finance, particularly in the semiconductor sector. Her leadership at Deloitte's Global Semiconductor Center of Excellence positions her to contribute valuable insights to Micron.
The appointments are seen as a strategic move to enhance Micron's capabilities in addressing market opportunities, particularly in artificial intelligence and innovation. Micron's Chairman and CEO, Sanjay Mehrotra, expressed confidence in their contributions to guide the company’s future direction. The addition of Liu and Simons aims to strengthen the board's expertise in the rapidly evolving semiconductor industry as Micron continues to focus on growth and operational excellence.
linkMar 05, 2025 16:10:13
Micron Technology, Inc. has successfully entered into a Term Loan Credit Agreement, securing $1.6835 billion to refinance part of its existing debt. The new loan is scheduled to mature on January 17, 2029, and offers the company flexibility with provisions that allow for additional borrowing of up to $750 million under certain conditions. The agreement does not impose restrictions on dividend payments, providing further financial maneuverability for the company.
However, the Term Loan Agreement requires Micron to maintain a net leverage ratio of total net indebtedness to EBITDA not exceeding 3.25 to 1.00, which could increase temporarily following significant acquisitions. The company's obligations under the agreement are unsecured, and any defaults related to bankruptcy could lead to immediate repayment of the loan. Additionally, the company terminated a previous credit agreement, repaying $1.9335 billion without incurring material early termination penalties.
linkJan 21, 2025 16:01:53
Micron Technology, Inc. has successfully settled an offering of $1 billion in senior notes with a 5.80% interest rate, maturing in 2035. The company plans to use the proceeds to redeem its existing 2026 Notes and for general corporate purposes, which may include repaying other debts. The notes will pay interest semi-annually starting July 15, 2025, and can be redeemed at specified prices before and after the Par Call Date in 2034, subject to certain conditions outlined in the Indenture.
However, the Indenture includes negative covenants that restrict Micron's ability to incur liens, engage in sale and lease-back transactions, or consolidate with other entities. Events of default could lead to the acceleration of the entire principal amount of the notes being due. Additionally, the company has issued a notice to redeem its existing 2026 Notes, which adds to its financial obligations as it will incur a make-whole premium along with interest on the redemption.
linkJan 16, 2025 16:05:55