Micron Technology (MU) turns lower in after-hours trading after initially rising nearly 8%.
ByAinvest
Wednesday, Jun 25, 2025 6:03 pm ET1min read
MU--
Micron Technology (MU) experienced a significant after-hours trading movement following its second-quarter earnings report. The stock initially surged by nearly 8% after the company reported results that exceeded Wall Street expectations. However, the stock later turned lower, falling by 4% during extended trading hours.
The company's Q2 earnings report showed strong performance across various metrics. Revenue reached $9.3 billion, beating analyst estimates by $4.9%. Adjusted earnings per share (EPS) were $1.91, significantly higher than the consensus of $1.61. The company also provided optimistic guidance for the third quarter, projecting revenue of $10.7 billion and EPS of $2.50, both well above Wall Street expectations [2].
Despite the positive earnings report, investors were disappointed by the company's outlook. Micron's guidance for the third quarter fell short of investor expectations, leading to a sell-off in after-hours trading. The company's stock closed regular trading at $127.38 but later dropped to $136.68 in extended hours before ending the day lower [2].
Micron's CEO, Sanjay Mehrotra, highlighted the company's strong performance in the data center and high-bandwidth memory (HBM) markets, attributing the growth to the increasing demand driven by artificial intelligence (AI) and cloud computing. However, the market's reaction to the guidance suggests that investors are more focused on the potential for future growth rather than the company's recent performance [3].
The after-hours trading movement underscores the volatility of the technology sector, where earnings reports can significantly impact stock prices. Micron's stock has seen a year-to-date increase of 55%, significantly outperforming the Nasdaq's 3.5% gain. Despite the recent dip, the company's strong financial performance and growth prospects continue to attract investor interest [2].
References
[1] https://www.investing.com/news/stock-market-news/afterhours-movers-micron-technology-steelcase-and-more-432SI-4111419
[2] https://www.fxleaders.com/news/2025/06/25/micron-mu-stock-soars-after-earnings-smash-forecasts-heading-to-157-ath/
[3] https://www.cnbc.com/2025/06/25/micron-mu-q3-2025-earnings-report.html
Micron Technology (MU) turns lower in after-hours trading after initially rising nearly 8%.
Title: Micron Technology (MU) Turns Lower in After-Hours Trading After Initial SurgeMicron Technology (MU) experienced a significant after-hours trading movement following its second-quarter earnings report. The stock initially surged by nearly 8% after the company reported results that exceeded Wall Street expectations. However, the stock later turned lower, falling by 4% during extended trading hours.
The company's Q2 earnings report showed strong performance across various metrics. Revenue reached $9.3 billion, beating analyst estimates by $4.9%. Adjusted earnings per share (EPS) were $1.91, significantly higher than the consensus of $1.61. The company also provided optimistic guidance for the third quarter, projecting revenue of $10.7 billion and EPS of $2.50, both well above Wall Street expectations [2].
Despite the positive earnings report, investors were disappointed by the company's outlook. Micron's guidance for the third quarter fell short of investor expectations, leading to a sell-off in after-hours trading. The company's stock closed regular trading at $127.38 but later dropped to $136.68 in extended hours before ending the day lower [2].
Micron's CEO, Sanjay Mehrotra, highlighted the company's strong performance in the data center and high-bandwidth memory (HBM) markets, attributing the growth to the increasing demand driven by artificial intelligence (AI) and cloud computing. However, the market's reaction to the guidance suggests that investors are more focused on the potential for future growth rather than the company's recent performance [3].
The after-hours trading movement underscores the volatility of the technology sector, where earnings reports can significantly impact stock prices. Micron's stock has seen a year-to-date increase of 55%, significantly outperforming the Nasdaq's 3.5% gain. Despite the recent dip, the company's strong financial performance and growth prospects continue to attract investor interest [2].
References
[1] https://www.investing.com/news/stock-market-news/afterhours-movers-micron-technology-steelcase-and-more-432SI-4111419
[2] https://www.fxleaders.com/news/2025/06/25/micron-mu-stock-soars-after-earnings-smash-forecasts-heading-to-157-ath/
[3] https://www.cnbc.com/2025/06/25/micron-mu-q3-2025-earnings-report.html
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