Micron (MU) Q2 FY25 earnings call

Earnings call· Feb 2025 (Q2 FY25)· Information Technology· Mar 20, 2025

Source: earnings call transcript

Micron reported a strong Q2 FY25, driven by significant HBM and LPDRAM revenue milestones, reflecting robust AI-driven demand. The company is strategically positioning its portfolio towards high-margin areas, despite facing some start-up costs and inventory digestion in certain segments. Management remains optimistic about future demand broadening beyond AI and disciplined capital allocation.

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MU operating KPIs by quarter

MU operating KPIs stated on its earnings calls, by fiscal quarter
KPI	May 2026 Q3 FY26	Aug 2026 Q4 FY26	Change vs prior quarter
Remaining performance obligation (RPO)	$5B+ RPO at the end of fiscal Q3 was over $5 billion. Source: earnings call transcript	~$150B To date, we have signed 26 SCAs in total, and our remaining performance obligations, or RPO, is approximately $150 billion. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.