Micron Technology, Inc. (MU)
Why Micron Stock Crashed 16% Today
Computer memory maker Micron (MU -16.45%) stock tumbled 16.5% through 9:45 a.m. ET Wednesday despite the company reporting earnings that equaled or exceeded the targets Wall Street had set for it in fiscal Q1 2025.
Micron's poor sales guidance leads to BofA rating downgrade
Micron Technology Inc (NASDAQ:MU) has been downgraded by Bank of America to ‘neutral' from ‘buy', with analysts citing underwhelming sales guidance and ongoing margin pressure. Micron underwhelmed with its second-quarter guidance on Wednesday as the chipmaker delivered a forecast of $7.9 billion, missing both BofA's estimate of $8.3 billion and the consensus forecast of $9 billion.
Micron (MU) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Micron (MU) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
US Stocks Higher, Micron Reports Downbeat Sales
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Thursday.
Micron's stock may see its worst day since 2020. Why the bulls are still upbeat.
Analysts are largely upbeat on Micron's stock, pointing to an upbeat AI narrative while noting that pressures on consumer markets shouldn't be much shock to Wall Street.
Micron Stock Under $100: Seize the AI-Driven Upside
Investors interested in Micron Technology NASDAQ: MU should cheer the fact that its stock tanked following the FQ1 2025 earnings report. The move is a knee-jerk reaction to mixed results and guidance that point to near-term weakness and long-term strength, driven by its shift to AI.
Micron set for Thursday shocker after dour sales outlook
Micron Technology Inc (NASDAQ:MU) is expected to shed $15 billion of value this Thursday after the microchip maker's sales guidance fell well short of expectations. In a first-quarter trading update published yesterday, Micron projected revenues of $7.9 billion (plus or minus $200 million) on a 37.5% gross market for the next quarter.
Micron shares plunge on weak second-quarter guidance
CNBC's Joe Kernen reports on the latest news.
Micron slumps as bleak quarterly forecast clouds AI-related boost
Micron Technology shares plummeted 15% in premarket trading on Thursday following a dismal forecast that signaled a squeeze from weak demand for personal computers and smartphones, overshadowing a solid lift from sales of AI-related chips.
Bad Guidance Makes Micron Slump
Micron's recent earnings beat estimates, but weak Q2 guidance caused a 16% share price drop, raising concerns about near-term earnings growth. Despite an 80% year-over-year revenue increase, MU's cyclical nature and weak consumer market outlook impact near-term performance. Data center business shows strong growth, benefiting from AI investments, but consumer-oriented markets remain weaker for now.
Watch These Micron Price Levels as Stock Plummets on Weak Outlook
Micron Technology (MU) shares traded sharply lower in extended trading on Wednesday after the memory chip maker and Nvidia (NVDA) partner issued a weaker-than-expected current-quarter outlook.
Micron Technology, Inc. (MU) Post Earnings Q1 2025 Earnings Call Transcript
Micron Technology, Inc. (NASDAQ:MU ) Q1 2025 Post Earnings Conference Call December 18, 2024 6:00 PM ET Company Participants Satya Kumar - Corporate VP & IR Sumit Sadana - EVP & Chief Business Officer Mark Murphy - CFO Manish Bhatia - EVP, Global Operations Conference Call Participants Harlan Sur - JPMorgan Aaron Rakers - Wells Fargo Chris Caso - Wolfe Research Vijay Rakesh - Mizuho Securities Brian Chin - Stifel Nicolaus Quinn Bolton - Needham & Company Timothy Arcuri - UBS Hadi Orabi - TD Cowen Toshiya Hari - Goldman Sachs Operator Thank you for standing by, and welcome to Micron's Post Earnings Analyst Call. At this time, all participants are in listen-only mode.
