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Micron Reports Q2 Earnings Miss, Weak Outlook Fuels Investor Concerns

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Micron Technology,Earnings,Revenue

Micron Technology missed earnings and revenue expectations for the second quarter, citing weaker consumer demand. The company anticipates a return to growth in the second half of the fiscal year, driven by AI opportunities. However, a weaker-than-expected outlook for bit shipments added to investor worries.

The company forecast adjusted earnings of $1.33 to $1.53 per share, missing analysts’ consensus estimate of $1.97.

Micron also flagged a weaker-than-expected outlook for second-quarter bit shipments, adding to investor concerns. "We continue to gain share in the highest margin and strategically important parts of the market and are exceptionally well positioned to leverage AI-driven growth to create substantial value for all stakeholders.”

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