Revenue scaled to a record $41.46 billion—a staggering 346% increase over last year's $9.30 billion—fueled by an intense hardware supply deficit for artificial intelligence infrastructure. This immense pricing power translated directly to the bottom line, yielding $28.24 billion in GAAP net income ($24.67 per diluted share) and generating an unprecedented $18.30 billion in adjusted free cash flow. Micron ended the quarter with a massive $30.2 billion cash fortress.
- Exceptional Core Margins: High-value product mix pushed non-GAAP gross margins past 84%, anchored by the Core Data Center and Mobile segments which both achieved spectacular 87% gross margins.
- Next-Gen Product Dominance: High-volume shipments of HBM4 (built on the 1-beta DRAM node) are actively delivering to a lead customer platform, while ultra-dense 245TB QLC SSDs are clearing data bottlenecks for major LLM training clusters.
- Unprecedented Forward Outlook: Guidance for Q4 projects revenue climbing to $50.0 billion with gross margins hitting 86%, secured by multi-year Strategic Customer Agreements designed to stabilize long-term financial predictability.