Story perspectives

Micron's Shares Slip Despite Record Earnings and Growth

3/21/2026

Summary

Story summary

Micron Technology, memory-chip maker, shares fell 2.6% on March 19, 2026, after reporting record quarterly earnings of nearly $23.9 billion.
Investors were disappointed by capital expenditures projected to exceed $25 billion for fiscal 2026 and by a downgrade from Summit Insights.
Geopolitical tensions affecting Asian manufacturing and broader market unease also contributed to the stock's decline.
Despite the drop, Micron's shares have surged more than 335% in the past year.

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Story summary

Micron Technology, memory-chip maker, shares fell 2.6% on March 19, 2026, after reporting record quarterly earnings of nearly $23.9 billion.
Investors were disappointed by capital expenditures projected to exceed $25 billion for fiscal 2026 and by a downgrade from Summit Insights.
Geopolitical tensions affecting Asian manufacturing and broader market unease also contributed to the stock's decline.
Despite the drop, Micron's shares have surged more than 335% in the past year.