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On the 30th, local time on 25 June, memory chip manufacturer Micron Technology released its third quarter results for the 2025 fiscal year ending 29 May 2025. Micron achieved revenue of US$9.3 billion for the quarter, a year-on-year increase of 37% and a quarter-on-quarter increase of 15%. Under non-GAAP, operating profit was $2.49 billion; net profit was $2.181 billion, up 22.3% quarter-over-quarter and 210.7% year-over-year. The company expects fourth-quarter revenue to be between $10.4 billion and $11 billion.

Sanjay Mehrotra, Chairman, President, and CEO of Micron Technology, stated, "This quarter, Micron set a new revenue record, primarily driven by DRAM business revenue reaching an all-time high, with HBM (High Bandwidth Memory) revenue increasing nearly 50% quarter-over-quarter. Data centre revenue doubled year-over-year and reached a new quarterly high, while the consumer-facing end market also saw strong quarter-over-quarter growth. We are steadily moving toward the 2025 fiscal year, poised to set new revenue records while maintaining robust profitability and free cash flow. Through targeted investments to strengthen our technological leadership and manufacturing excellence, we are fully committed to meeting the growing demand for memory driven by artificial intelligence."

According to the financial report, Micron's DRAM revenue reached $7.07 billion in the quarter, accounting for 76% of total revenue, with a sequential increase of 15.5%; NAND revenue was $2.16 billion, accounting for 23% of total revenue, with a sequential increase of 16.2%.

To meet the demands of AI, data centres, and other markets, Micron will continue to invest in cutting-edge storage technologies and products.

In the DRAM sector, Micron's HBM for 2025 is already sold out, and the company expects HBM bit demand growth in 2026 to significantly outpace overall DRAM demand. For the 2025 fiscal year, Micron's capital expenditures are approximately $14 billion, with a focus on HBM, facility construction, back-end manufacturing, and R&D investments. Micron's 1β and 1γ DRAM are specifically designed for advanced products such as DDR5, LPDDR5, and HBM. This quarter, Micron completed the first batch of certified samples for LPDDR5 DRAM based on the 1γ node.

In the NAND sector, Micron reported that QLC revenue accounted for a record-high percentage of total revenue this quarter. High-performance SSD products based on G9 2Tb QLC NAND have begun certification, and production ramp-up at the G9 node is progressing in line with market demand.

Micron Technology has observed rising demand for its high-bandwidth memory components, which are used in machines for developing and running AI tools. The company expects this market to continue growing as such software becomes more complex and requires more memory.

As of Wednesday's close, Micron Technology had risen 51% year-to-date; following the announcement, the company's stock price rose over 6% in after-hours trading.