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Shares of Micron Technology Inc. fell by 13% following the company's weak guidance for the second quarter of fiscal year 2025, despite reporting strong first-quarter earnings. In Q1 2025, Micron delivered earnings per share (EPS) of $1.79 and revenue of $8.71 billion. Analysts have indicated that the company may have reached the peak of its latest product cycle, leading to concerns about plateauing revenue amid declining demand in the PC and smartphone markets. Rosenblatt Securities maintains a bullish outlook, setting a price target of $250, which suggests a potential upside of 184%.
ICYMI - Shares of @MicronTech tumble on weak outlook for memory chips https://t.co/IvjTglK8fC @SiliconANGLE @Mike_Wheatley “But the challenge Micron faces is that it appears to have reached the peak of its latest product cycle, with revenue plateauing…” #Earnings https://t.co/FIljZuQIez
Shares of @MicronTech tumble on weak outlook for memory chips https://t.co/IvjTglK8fC @SiliconANGLE @Mike_Wheatley “But the challenge Micron faces is that it appears to have reached the peak of its latest product cycle, with revenue plateauing…” #Earnings https://t.co/k2QY0Ctcg2
Micron delivered a strong Q1 2025: • EPS: $1.79 • Revenue: $8.71B Yet weak Q2 guidance (pricing + soft PC/smartphone demand) sank $MU by -13%. Rosenblatt isn’t budging—still targeting $250 (+184%). Where do you stand—Bull or Bear? 🤔 https://t.co/s4Nz8vrqnW
