Why Micron Stock Fell on Friday
Micron stock is not a sell. It's a buy.
Computer memory maker Micron Technology (NASDAQ: MU) saw its stock slide an unlucky 7% through 10:30 a.m. ET Friday, despite exceeding expectations on its fiscal second-quarter 2025 earnings report last night.
Heading into the report, analysts forecast Micron would earn $1.42 per share on $7.9 billion in sales. In fact, Micron earned $1.56 per share on more than $8 billion in sales.
Not all the news was good. Micron's revenue surged 38% year over year, but revenue slipped 7.6% sequentially from Q1, which may be tempering investors' enthusiasm. It's also worth noting that, while Micron's non-GAAP (adjusted) earnings exceeded expectations, when calculated according to generally accepted accounting principles (GAAP), Micron earned only $1.41 per share.
