| | | Here is Micron's updated guidance for this quarter. I am just putting it here to compare what they say now with what the report later on.
Micron Updates Fourth Quarter Fiscal 2025 Guidance
BOISE, Idaho, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) (the “Company”) today announced that it is updating its revenue, gross margin, operating expense, and EPS guidance for the fourth quarter of fiscal 2025, which ends August 28, 2025. The Company previously provided guidance for revenue of $10.7 billion ± $300 million, non-GAAP gross margins of 42.0% ± 1.0%, and non-GAAP EPS of $2.50 ± $0.15 for the fourth quarter of fiscal 2025.
The Company today updated its guidance for fourth quarter of fiscal 2025 revenue to $11.2 billion ± $100 million, non-GAAP gross margins to 44.5% ± 0.5%, and non-GAAP EPS to $2.85 ± $0.07. The Company announced additional updates to guidance as set forth in the tables below. This revised guidance reflects improved pricing, particularly in DRAM, and strong execution.
Micron Executive Vice President and Chief Business Officer, Sumit Sadana, will share further updates in a fireside chat at the 2025 Keybanc Technology Conference in Park City, Utah scheduled to take place at 9:00 a.m. Mountain time on August 11, 2025.
The live webcast and subsequent replay of the event can be accessed from Micron’s Investor Relations website at investors.micron.com.
| | Previous Guidance | | Updated Guidance | | | GAAP Outlook | | Adjustments | | Non-GAAP
Outlook | | GAAP Outlook | | Adjustments | | Non-GAAP
Outlook | | | | | | | | | | | | | | | | | Revenue | $10.7B ± $300M | | — | | | | $10.7B ± $300M | | $11.2B ± $100M | | — | | | | $11.2B ± $100M | | Gross margin | 41.0% ± 1.0% | | 1.0% | | A | | 42.0% ± 1.0% | | 43.5% ± 0.5% | | 1.0% | | A | | 44.5% ± 0.5% | | Operating expenses | $1.35B ± $20M | | $147M | | B | | $1.20B ± $20M | | $1.37B ± $15M | | $147M | | B | | $1.22B ± $15M | | Diluted earnings per share(1) | $2.29 ± $0.15 | | $0.21 | | A, B, C | | $2.50 ± $0.15 | | $2.64 ± $0.07 | | $0.21 | | A, B, C | | $2.85 ± $0.07 |
Non-GAAP Adjustments
(in millions) | | | | | | | | | A | Stock-based compensation – cost of goods sold | | $ | 119 | | | B | Stock-based compensation – research and development | | | 93 | | | B | Stock-based compensation – sales, general, and administrative | | | 54 | | | C | Tax effects of the above items and other tax adjustments | | | (27 | ) | | | | | $ | 239 | | | | | | | | |
(1) GAAP earnings per share based on approximately 1.13 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares.
The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook. The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions. The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.
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