Anonymous10 days ago
Micron Technology reported fiscal Q2 2026 revenue of $23.86 billion—nearly triple the year-ago quarter—with EPS of $12.20 that crushed analyst estimates by more than 30%. Yet shares fell roughly 15% in the days following the March 18 report, driven by a confluence of profit-taking after a 550% run-up, a $5 billion capex guidance hike, and mounting anxiety over competitive dynamics and historical memory-cycle patterns.