MU Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-08-28), MU reported revenue of $11.3B, gross profit of $5.1B (44.7% gross margin), operating income of $3.7B, and net income of $3.2B (28.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MU was profitable; revenue grew 46.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +46.0% | +260.9% | +16.8 pp |
| Quarter over quarter | +21.7% | +69.8% | +8.0 pp |
Consensus estimate data is not available for this report.
MU Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $11.3B | 100% |
| Cost of Revenue | −$6.3B | 55.3% |
| Gross Profit | $5.1B | 44.7% |
| Research & Development | −$1.0B | 9.3% |
| Selling, General & Administrative | −$314M | 2.8% |
| Other Operating Expenses | −$39M | 0.3% |
| Operating Income | $3.7B | 32.3% |
| Interest Expense | −$124M | 1.1% |
| Other Income, net | $100M | 0.9% |
| Income Tax Expense | −$429M | 3.8% |
| Net Income | $3.2B | 28.3% |
Source: original SEC filing (filed 2025-09-23). Accession 0000723125-25-000024. Data normalized by EarningsFyi.