MU is trading at $434.12, down 5.98% today as aggressive capital expenditure plans overshadow a significant Q2 earnings beat.
- Micron reported Q2 revenue of $23.86 billion—nearly triple year-over-year—and adjusted EPS of $12.20, crushing analyst expectations of $9.31.
- Management raised fiscal 2026 capex guidance to $25 billion from $20 billion, with over $10 billion in construction-related investments planned for 2027.
- Analysts expressed concerns regarding future margins and the cyclical nature of the semiconductor industry, with some characterizing the price action as a potential blow-off top.