Micron: The Worst Is Yet To Come


  • Micron had a weak Q1. Q2 will be even worse, with significant net losses and weak margins.
  • MU is well-positioned for a downturn, however, thanks to massive cash reserves.
  • Micron is pretty cheap and could be a reasonable investment at current prices for someone with a longer-term view.

Question Mark Standing Over A Financial Graph


Article Thesis

Micron Technology (NASDAQ:MU) reported weak quarterly results. Guidance suggests that the current quarter will be even worse, thus Micron has not hit the bottom, yet, from an operational perspective — the worst is yet to come.

MU earnings

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MU guidance

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Data by YCharts

Data by YCharts

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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