MU Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-05-29), MU reported revenue of $9.3B, gross profit of $3.5B (37.7% gross margin), operating income of $2.2B, and net income of $1.9B (20.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MU was profitable; revenue grew 36.6% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +36.6% | +1829.4% | +21.9 pp |
| Quarter over quarter | +15.5% | +19.1% | +0.6 pp |
Consensus estimate data is not available for this report.
MU Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $9.3B | 100% |
| Cost of Revenue | −$5.8B | 62.3% |
| Gross Profit | $3.5B | 37.7% |
| Research & Development | −$965M | 10.4% |
| Selling, General & Administrative | −$318M | 3.4% |
| Other Operating Expenses | −$56M | 0.6% |
| Operating Income | $2.2B | 23.3% |
| Interest Expense | −$123M | 1.3% |
| Other Income, net | $74M | 0.8% |
| Income Tax Expense | −$235M | 2.5% |
| Net Income | $1.9B | 20.3% |
Source: original SEC filing (filed 2025-06-25). Accession 0000723125-25-000019. Data normalized by EarningsFyi.