Micron's Growth Is Limited By Sold Out HBM (Rating Downgrade)

Core Viewpoint - Micron Technology reported Q1 2025 earnings results that met estimates, but the guidance for Q2 2025 was significantly below market expectations, resulting in a 16% selloff in after-hours trading [2]. Financial Performance - Q1 2025 earnings results were in line with estimates [2]. - Management's revenue guidance for Q2 2025 is projected at $7.9 billion, which is $1 billion below the consensus estimate of $8.9 billion [2]. Market Reaction - The guidance led to a 16% decline in Micron's stock price during after-hours trading [2].