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Why Micron Stock Crashed After Blowout Earnings

TheMotleyFool 
0 0 19.03.26
Why Micron Stock Crashed After Blowout EarningsPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

Micron (NASDAQ: MU) reported a powerful earnings beat last night, earning $12.20 per share on $23.9 billion in fiscal Q2 2026 revenue, where Wall Street expected only $8.79 per share and $19.2 billion in sales.

The stock promptly crashed. As of 9:50 a.m. ET, Micron stock is down 5.8%.

Image source: Micron.

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Source Fool.com

Micron Technology Inc. Stock

€834.20
4.050%
Micron Technology Inc. dominated the market today, gaining €32.50 (4.050%).
With 159 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1294 € there is a hugely positive potential of 55.12% for Micron Technology Inc. compared to the current price of 834.2 €.
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