美光科技 2025年一季度报告

Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2026 December 17, 2025 at 4:01 PM EST AI demand acceleration and Micron execution drive record fiscal Q1 results, including highest ever free cash flow BOISE, Idaho, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal2026, which ended November 27, 2025. Fiscal Q12026highlights Revenue of $13.64 billion versus $11.32 billion for the prior quarter and $8.71 billion for the same period last yearGAAP net income of $5.24 billion, or $4.60 per diluted shareNon-GAAP net income of $5.48 billion, or $4.78 per diluted shareOperating cash flow of $8.41 billion versus $5.73 billion for the prior quarter and $3.24 billion for the same period last year “In fiscal Q1, Micron delivered record revenue and significant margin expansion at the company level and also in each of our business units,” saidSanjay Mehrotra, Chairman, President and CEO of Micron Technology. “Our Q2 outlook reflects substantial records across revenue, gross margin,EPS and free cash flow, and we anticipate our business performance to continue strengthening through fiscal 2026. Micron’s technology leadership, For the first quarter of 2026, investments in capital expenditures, net(2)were $4.5 billion and adjusted free cash flow(2)was $3.9 billion. Micron endedthe year with cash, marketable investments, and restricted cash of $12.0 billion. On December 17, 2025, Micron’s Board of Directors declared a Quarterly Business Unit Financial Results Business Outlook The following table presents Micron’s guidance for the second quarter of 2026: Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted atinvestors.micron.com. Investor Webcast Micron will host a conference call on Wednesday, December 17, 2025 at 2:30 p.m. Mountain Time to investors.micron.comdiscuss its first quarterfinancial results and provide forward-looking guidance for its second quarter. A live webcast of the call will be available online atinvestors.micron.com. We encourage you to visit our website at micron.com throughout the quarter for the most current information on the company, including information onfinancial conferences that we may be attending. You can also follow us on LinkedIn, X (@MicronTech) and YouTube (@MicronTechnology). About Micron Technology, Inc. Micron Technology, Inc. is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life forall. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio ofhigh-performance DRAM, NAND, and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy,enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent © 2025 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Forward-Looking Statements This press release contains forward-looking statements regarding our industry, our strategic position, and our financial and operating results, includingour guidance for the second quarter of 2026. These forward-looking statements are subject to a number of risks and uncertainties that could causeactual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form10-K and Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those (1)GAAP represents U.S. Generally Accepted Accounting Principles. (2)Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results andunderstanding trends in our earnings; adjusted free cash flow; investments in capital expenditures, net; and business outlook. Further MICRON TECHNOLOGY, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per share amounts)(Unaudited) Expenditures for property, plant, and equipmentPurchases of available-for-sale securitiesProceeds from government incentivesProceeds from maturities and sales of available-for-sale securitiesOtherNet cash used for investing activities Cash flows from financing activities Repayments of debtRepurchases of common stock - withholdings on employee equity awardsRepurchases of common stock - repurchase programPayments of dividends to shareholdersOtherNet cash used for financing activities The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income, net income, diluted shares, dilutedearnings per share, and adjusted free cash flow. The non-GAAP adjustments above may or may not be in