Micron Technology delivered a solid QQ1 2025, with meaningful year-over-year growth across revenue, gross profit and operating income, supported by a favorable pricing/mix dynamic and disciplined cost management. Revenue of $8.709 billion marked a 27.9% YoY increase, while gross margin expanded to 38.4% and operating margin reached 25.0%, driving a substantially higher operating income of $2.174 billion and net income of $1.87 billion (EPS $1.68). The quarter produced a positive free cash flow of $38 million as operating cash flow of $3.244 billion was partially offset by capex of $3.206 billion, underscoring Micron’s capital-intensive business model but also its ability to translate earnings into cash for balance sheet strength and optionality.