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Micron Stock Drops 15% Despite Strong Earnings Report

3/25/2026

Summary

Story summary

Micron Technology, Inc. stock has fallen about 15% after a strong earnings report, despite AI-driven demand for memory chips.
Sanjay Mehrotra, Micron's Chief Executive Officer, said supply constraints hindered the company's ability to meet customer needs.
Analysts see support around $295–$300, while investors buy near $400.
Micron plans $25 billion in capital expenditures to boost capacity.
Market reaction to earnings remains mixed, with profit-taking after gains over the past year.

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Story summary

Micron Technology, Inc. stock has fallen about 15% after a strong earnings report, despite AI-driven demand for memory chips.
Sanjay Mehrotra, Micron's Chief Executive Officer, said supply constraints hindered the company's ability to meet customer needs.
Analysts see support around $295–$300, while investors buy near $400.
Micron plans $25 billion in capital expenditures to boost capacity.
Market reaction to earnings remains mixed, with profit-taking after gains over the past year.