Disappointing Micron Guidance despite Strong Earnings

about 1 month ago

Alexandra Seminova

"Hey, guys. Yeah, this is a stock that is down about 3% right now, even as it gave a forecast that was generally upbeat, kind of highlighting how lofty the expectations are from investors around AI. Fiscal first quarter revenue will be around $12.5 billion. That's above what Wall Street expected. The average was $11.9 billion, but some estimates went as high as $13 billion. Micron's stock has, of course, doubled this year, rising at a faster pace than some of its peers, reflecting all the AI-fueled optimism."

Micron Technology posted an upbeat earnings forecast with Q1 revenue expected around $12.5 billion, surpassing average estimates. Despite strong figures and a doubled stock price year-to-date spurred by AI optimism in the sector, the stock declined by about 3%, possibly due to overly high investor expectations and bullish sell-side reviews setting a lofty benchmark.

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