[Earnings Preview] Micron Eyes Record Q3 With Chip Breakthrough, and a Cyclical Turn

Micron’s strategic pivot toward AI-grade memory could cement structural gains, if execution keeps pace.

Micron will report Q3 FY2025 results on June 25, with revenue guidance of $8.8B (±$200M) and non-GAAP EPS of $1.57 (±$0.10) .

Gross margin is projected to dip to 36.5%, as NAND underutilisation and a consumer-heavy product mix weigh on profitability.

DRAM strength remains the highlight, driven by AI-led demand, robust LPDRAM momentum, and a breakout year …