Analysis of MU Shares Following Earnings Report
Memory chip manufacturer Micron Technology (MU) published a positive financial report for Q4 of fiscal year 2025 on 23 September:
→ Q4 Revenue: Actual = $11.32 billion, up 46% compared with the same period last year.
→ Adjusted Earnings Per Share (EPS): Actual = $3.03 (analysts’ expectations = $2.87).
The main driver behind these strong results was heightened demand for high-performance memory needed for data centres and AI model training. Micron also published an optimistic outlook, forecasting revenue of between $12.2 billion and $12.8 billion in the next quarter.
Despite strong results and guidance, the share price reaction in the first week after publication has been moderate. Trading volumes were significantly above average, yet the price did not rise. Why?
1 → It is worth noting that Micron shares have nearly doubled in value since the start of 2025, which may indicate “bull fatigue.”
2 → A significant portion of the positive expectations tied to the AI boom is already priced into the current valuation.
Technical analysis shows more bearish signals.
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