Overview

• Micron reported fiscal Q4 2025 revenue of $11.32 billion, up 44.7% year over year, and full-year revenue of $37.37 billion with net income of $8.5 billion.
• Shares jumped more than 15% after the earnings release and are up 114% year to date, reflecting investor confidence in the AI-driven trajectory.
• High-bandwidth memory and data-center DRAM tied to AI workloads are central to the company’s growth, underpinning rising free cash flow and stronger margins.
• Fresh analysis characterizes Micron as mid-to-late cycle, cautioning that memory-market conditions could normalize in 2026 even as long-term AI demand supports the business.
• Related coverage highlights Supermicro’s rebound after an independent review found no misconduct in an accounting probe and notes TSMC’s dominant position in chip fabrication.