MU Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2024-11-28), MU reported revenue of $8.7B, gross profit of $3.3B (38.4% gross margin), operating income of $2.2B, and net income of $1.9B (21.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MU was profitable; revenue grew 84.3% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +84.3% | +251.5% | +47.6 pp |
| Quarter over quarter | +12.4% | +110.8% | +10.0 pp |
Consensus estimate data is not available for this report.
MU Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $8.7B | 100% |
| Cost of Revenue | −$5.4B | 61.6% |
| Gross Profit | $3.3B | 38.4% |
| Research & Development | −$888M | 10.2% |
| Selling, General & Administrative | −$288M | 3.3% |
| Other Operating Expenses | $2M | 0.0% |
| Operating Income | $2.2B | 25.0% |
| Interest Expense | −$118M | 1.4% |
| Other Income, net | $97M | 1.1% |
| Income Tax Expense | −$283M | 3.2% |
| Net Income | $1.9B | 21.5% |
Source: original SEC filing (filed 2024-12-18). Accession 0000723125-24-000046. Data normalized by EarningsFyi.