Micron Technology, Inc. MU

Q2 FY2025 投资简报
2025-03-20 · ASTRO RESEARCH

01 · 损益表

季度指标

指标 Q2 FY2025 Q1 FY2025 Q/Q Q2 FY2024 Y/Y
营收 Revenue $8,053M $8,709M -8% $5,824M +38%
毛利率 Gross Margin (GAAP) 36.8% 38.4% -1.6 ppt 18.5% +18.3 ppt
毛利率 Gross Margin (Non-GAAP) 37.9%
研发费用 R&D $898M $888M +1% $832M +8%
销售及管理 SG&A $285M $288M -1% $280M +2%
折旧摊销 D&A $N/A (6M: 4109)M $2,030M NaN% $3,839M NaN%
股权激励 SBC $233M $220M +6% $209M +11%
营业利润 Operating Income (GAAP) $1,773M $2,174M -18% $191M +828%
利息费用 Interest Expense $112M $118M -5% $144M -22%
净利润 Net Income (GAAP) $1,583M $1,870M -15% $793M +100%
净利润 Net Income (Non-GAAP) $1,783M

补充指标

指标 Q2 FY2025 Q1 FY2025 Q/Q Q2 FY2024 Y/Y
每股收益 EPS (GAAP) $1.41 $1.67 -16% $0.71 +99%
每股收益 EPS (Non-GAAP) $1.56
稀释股数 Diluted Shares 1,123M 1,122M +0% 1,114M +1%
实际税率 Effective Tax Rate 10.1% 13.2% -3.1 ppt -3.7% +13.8 ppt

technology

Not disclosed in 8K filing

end_market

Not disclosed in 8K filing

geography

Not disclosed in 8K filing

customer

Not disclosed in 8K filing

02 · 资产负债表

现金及等价物
Cash & Equivalents
$9,600M
总债务
Total Debt
$14,355M
股东权益
Shareholders' Equity
$48,633M

03 · 现金流量表

本季度数据

经营现金流
Operating Cash Flow
$3,942M
资本开支
CapEx
$3,085M
自由现金流
Free Cash Flow
$857M
股票回购
Share Buyback
$0M
债务偿还
Debt Repayments
$N/A (6M: 2626)M

04 · 动态指标

指标 Q2 FY2025 Q1 FY2025 变化
暂无动态指标配置

06 · 管理层观点

"美光第二财季每股收益超出指引,数据中心收入同比增长两倍。我们正以1-gamma DRAM节点的发布延续技术领先地位。预计第三财季将创造季度收入记录,DRAM和NAND在数据中心及消费市场的需求均将增长,2025财年有望实现创纪录收入和显著改善的盈利能力。" — Sanjay Mehrotra, Micron Technology, Inc.

07 · 其他补充数据

指引指标(未注册)

暂无数据

动态指标(未注册)

指标数值备注
hbm_revenue_milestone >$1B HBM收入在FQ2首次突破$10亿里程碑
dividend_per_share $0.115 季度每股股息$0.115,2025年4月15日支付
data_center_dram_revenue Record 数据中心DRAM收入创历史新高,同比增长约3倍