10-Q quarterly report · filed Jun 26, 2025

Micron Technology (MU) Q2 2025 10-Q Quarterly Report

Short answer

Micron Technology (MU) filed its Q2 2025 10-Q quarterly report on Jun 26, 2025 for the quarter ended May 29, 2025. Quarterly revenue was $9.3B (up 36.6% year over year) with net income of $1.9B.

Q2 2025 key financials · XBRL

Revenue
$9.3B
+36.6% YoY · +15.5% QoQ
Net income
$1.9B
+467.8% YoY · +19.1% QoQ
Operating margin
23.3%
Gross margin
37.7%
EPS (diluted)
$1.67
+456.7% YoY · +18.4% QoQ

Source: XBRL data from the Micron Technology (MU) Q2 2025 10-Q on SEC EDGAR. USD.

Micron Technology Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New geopolitical risk: Chinese CAC ban on sales to critical infrastructure operators since May 2023 impacting mainland China and Hong Kong revenue
  • Material update: inventory write-downs $1.83B in 2023 due to product obsolescence and market imbalances
  • Regulatory risk: CHIPS Act incentives tied to performance milestones with clawback risk, impacting US fab expansions in Idaho and New York
  • Market risk: intensifying competition from subsidized Chinese firms like YMTC and CXMT affecting market share and pricing worldwide
  • Financial risk: risks to capital expenditures funding and cash flows amid inflation, supply shortages, and reliance on government incentives

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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