[News] Micron Projects Record Revenue This Quarter, with HBM3E 12H Designed into NVIDIA’s GB300

Fueled by strong AI demand, U.S. memory giant Micron expects a solid strong third quarter for fiscal 2025, projecting a 9% quarter-over-quarter revenue increase to $8.8 billion, according to its press release. Meanwhile, profit is projected at $1.57 per share, above the expected $1.48, as per Bloomberg.

Chairman Sanjay Mehrotra expects record Q3 revenue, driven by DRAM and NAND growth in data centers and consumer markets. He also states that Micron is on track for record revenue and significantly improved profitability in fiscal 2025.

It is also worth noting that Micron hasn’t factored in the impact of potential Trump tariffs due to uncertainty but plans to pass on any costs, as indicated by Reuters.

In the second quarter, Micron hit several key milestones, with its high-bandwidth memory (HBM)—essential for AI—surpassing $1 billion in revenue for the first time. In addition, in the same quarter, its data center revenue tripled from a year ago, according to its press release.

HBM Advancements with GB300 Design-in

Notably, Micron states that it has begun volume production of HBM3E 12H and is focused on ramping capacity and yield. The company anticipates HBM3E 12H will comprise the vast majority of its HBM shipments in the second half of 2025.

Micron is also featured in NVIDIA’s newly released GB300. In its earnings call, the company highlighted that its HBM3E 8H is integrated into NVIDIA’s GB200 system, while the HBM3E 12H is designed into the GB300.

The company expects multi-billion dollars in HBM revenue in fiscal 2025. Looking ahead, it expresses enthusiasm about its HBM4, which will ramp in volume in 2026.

Margin to Improve in Q4

On the other hand, Micron’s second-quarter sales hit $8.05 billion, topping the $7.89 billion estimate, according to Bloomberg. Earnings per share were $1.56, beating expectations of $1.42, the report adds.

However, Bloomberg reports that margins may remain a weak spot for Micron, with Q2 gross margin at 37.9%, missing the 38.4% estimate, and Q3 expected at 36.5%, also below forecasts.

Citing Manish Bhatia, Micron’s executive vice president of global operations, the report expects Micron’s margins to improve in Q4 as market conditions get better.

Read more

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(Photo credit: Micron)