Micron Technology — Sep 23, 2025 release

Adjusted free cash flow (2) was $803 million for the fourth quarter of 2025 and $3.72 billion for the full year of 2025. Micron ended the year with cash, marketable investments, and restricted cash of $11.94 billion. On September 23, 2025, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 21, 2025, to shareholders of record as of the close of business on October 3, 2025. Quarterly Business Unit Financial Results FQ4-25 FQ3-25 FQ4-24 Cloud Memory Business Unit Revenue $ 4,543  $ 3,386  $ 1,449  Gross margin 59  % 58  % 49  % Operating margin 48  % 46  % 33  % Core Data Center Business Unit Revenue $ 1,577  $ 1,530  $ 2,048  Gross margin 41  % 38  % 41  % Operating margin 25  % 20  % 27  % Mobile and Client Business Unit Revenue $ 3,760  $ 3,255  $ 3,019  Gross margin 36  % 24  % 32  % Operating margin 29  % 15  % 20  % Automotive and Embedded Business Unit Revenue $ 1,434  $ 1,127  $ 1,230  Gross margin 31  % 26  % 24  % Operating margin 20  % 11  % 11  % 2 Business Outlook The following table presents Micron’s guidance for the first quarter of 2026: FQ1-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $12.50 billion ± $300 million $12.50 billion ± $300 million Gross margin 50.5% ± 1.0% 51.5% ± 1.0% Operating expenses $1.49 billion ± $20 million $1.34 billion ± $20 million Diluted earnings per share $3.56 ± $0.15 $3.75 ± $0.15 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which hav