MU Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2025-02-27), MU reported revenue of $8.1B, gross profit of $3.0B (36.8% gross margin), operating income of $1.8B, and net income of $1.6B (19.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MU was profitable; revenue grew 38.3% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +38.3% | +459.0% | +27.2 pp |
| Quarter over quarter | −7.5% | −15.3% | −1.8 pp |
Consensus estimate data is not available for this report.
MU Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $8.1B | 100% |
| Cost of Revenue | −$5.1B | 63.2% |
| Gross Profit | $3.0B | 36.8% |
| Research & Development | −$898M | 11.2% |
| Selling, General & Administrative | −$285M | 3.5% |
| Other Operating Expenses | −$7M | 0.1% |
| Operating Income | $1.8B | 22.0% |
| Interest Expense | −$112M | 1.4% |
| Other Income, net | $99M | 1.2% |
| Income Tax Expense | −$177M | 2.2% |
| Net Income | $1.6B | 19.7% |
Source: original SEC filing (filed 2025-03-20). Accession 0000723125-25-000006. Data normalized by EarningsFyi.