MU Micron Technology

Q4 2025 10-Q

Filed: Dec 18, 2025Period ending Nov 27, 2025

Information Technology

Semiconductors & Related DevicesSEC EDGAR

Micron Technology (MU) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Dec 18, 2025 for the fiscal period ending Nov 27, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q4 2025 10-Q

Management Discussion & Analysis

• Revenue $13.6B Q1 FY26, up 57% YoY from $8.7B driven by DRAM +69% and NAND +22% sales
• Gross margin 56% Q1 FY26 vs 38% YoY and 45% QoQ, due to higher selling prices and manufacturing cost reductions

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Risk Factors

• New risk: Expanded U.S. CHIPS Act funding agreements (Dec 2024, amended Jun 2025) with conditions may reduce or claw back incentives, impacting capital expenditures
• Most material update: CAC ban on sales to critical infrastructure operators in China since May 2023, limiting revenue from mainland China and Hong Kong customers

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Quarterly Financial Summary
XBRL

Revenue

$13.6B

▲ +56.7% YoY

Net Income

$5.2B

▲ +180.2% YoY

Gross Margin

56.0%

▲ +1760bp YoY

Operating Margin

45.0%

▲ +2001bp YoY

Net Margin

38.4%

▲ +1694bp YoY

ROE

8.9%

▲ +491bp YoY

Total Assets

$86.0B

▲ +20.3% YoY

EPS (Diluted)

$4.60

▲ +175.4% YoY

Operating Cash Flow

$8.4B

▲ +159.3% YoY

Source: XBRL data from Micron Technology Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Micron Technology Quarterly Reports

Q2 2025 10-Q

Q1 2025 10-Q

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