Micron Technology, Inc. MU

Q3 FY2025 投资简报
2025-06-25 · ASTRO RESEARCH

01 · 损益表

季度指标

指标 Q3 FY2025 Q2 FY2025 Q/Q Q3 FY2024 Y/Y
营收 Revenue $9,301M $8,053M +15% $6,811M +37%
毛利率 Gross Margin (GAAP) 37.7% 36.8% +0.9 ppt 26.9% +10.8 ppt
毛利率 Gross Margin (Non-GAAP) 39.0%
研发费用 R&D $965M $898M +7% $850M +14%
销售及管理 SG&A $318M $285M +12% $291M +9%
折旧摊销 D&A $6,203M $4,109M +51% $1,955M +217%
股权激励 SBC $263M $233M +13% $217M +21%
营业利润 Operating Income (GAAP) $2,169M $1,773M +22% $719M +202%
利息费用 Interest Expense $123M $112M +10% $150M -18%
净利润 Net Income (GAAP) $1,885M $1,583M +19% $332M +468%
净利润 Net Income (Non-GAAP) $2,181M

补充指标

指标 Q3 FY2025 Q2 FY2025 Q/Q Q3 FY2024 Y/Y
每股收益 EPS (GAAP) $1.68 $1.41 +19% $0.30 +460%
每股收益 EPS (Non-GAAP) $1.91
稀释股数 Diluted Shares 1,125M 1,123M +0% 1,123M +0%
实际税率 Effective Tax Rate 11.1% 10.1% +1.0 ppt 52.7% -41.6 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
$12,213M
总债务
Total Debt
$15,541M
股东权益
Shareholders' Equity
$50,748M

03 · 现金流量表

本季度数据

经营现金流
Operating Cash Flow
$4,609M
资本开支
CapEx
$2,660M
自由现金流
Free Cash Flow
$1,949M
股票回购
Share Buyback
$0M
债务偿还
Debt Repayments
$3,604M

04 · 动态指标

指标 Q3 FY2025 Q2 FY2025 变化
暂无动态指标配置

06 · 管理层观点

"美光在第三财季实现创纪录营收,受益于DRAM历史新高(含HBM环比增长近50%)。数据中心收入同比翻倍创季度纪录,消费端市场环比强劲增长。我们有望在FY2025实现创纪录营收、稳健盈利和自由现金流,同时对AI驱动的存储需求进行有纪律的投资。" — 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
dividend_per_share $0.115/share 2025年6月25日宣布季度股息,7月22日支付
patent_license_charges $57M FQ3-25新增专利许可费用,计入Non-GAAP调整项
loss_on_debt_prepayments $46M FQ3-25提前偿还债务损失