Micron Drops 4% Despite Strong Earnings: Is This a Buying Opportunity?

Micron Technology (MU) reported Q1 revenue of $13.64B (up 57% year over year) and non-GAAP EPS of $4.78 beating estimates by 21%. Looking ahead, Micron set Q2 guidance at $18.70B revenue and $8.42 EPS, driven by sold-out HBM products commanding premium pricing and 68% non-GAAP gross margins. Micron Drops 4% Despite Strong Earnings: Is This a Buying Opportunity? - 24/7 Wall St. S&P 5006,587.10 +0.64% Dow Jones46,246.60 +0.88% Nasdaq 10024,170.00 +0.61% Russell 20002,493.43 +1.74% FTSE 1009,906.60 +0.62% Nikk ...