Micron Technology beat fiscal second quarter earnings expectations, leading to a +6.9% jump in its stock price on Thursday.
The semiconductor company raked in adjusted non-GAAP earnings of $1.71 per share, surpassing analysts’ estimates by 4 cents (based on Refinitiv IBES data). Still, the earnings per share was -40% lower from the year-ago quarter.
Group revenues for the quarter declined -20.55% year-over-year to $5.84 billion, but managed to exceed analysts’ estimate of $5.82 billion.
The company generated $1 billion of free cash flow.
As part of its $10 billion stock buyback program, Micron repurchased 21 million shares of its common stock for $702 million during the quarter.
For the full-fiscal year 2019, Micron predicts that revenue would be in the range of $4.6 billion and $5 billion – which is lower compared to analysts’ expectations of $5.3 billion (according to IBES data from Refinitiv).
The company is planning to trim capital expenditures to $9 billion for the 2019 fiscal year, from its previous expectation of $9 billion-$9.5 billion range. Micron’s latest results and plans have come amidst a global shortage in demand for chips, owing to softening sales of smartphone and patchy frequency of purchases from cloud-computing businesses. Chief Executive Sanjay Mehrotra emphasized that Micron has been able to deliver profits despite the rocky situation facing the semiconductor industry. Also, Micron seems hopeful that demand would begin to pick up by its fourth quarter.
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
The 10-day moving average for MU crossed bullishly above the 50-day moving average on September 03, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 16 of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 84%.
The Momentum Indicator moved above the 0 level on September 04, 2026. You may want to consider a long position or call options on MU as a result. In 65 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for MU just turned positive on August 06, 2026. Looking at past instances where MU's MACD turned positive, the stock continued to rise in 40 of 48 cases over the following month. The odds of a continued upward trend are 83%.
MU moved above its 50-day moving average on September 02, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +6.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where MU advanced for three days, in 256 of 330 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
The Aroon Indicator entered an Uptrend today. In 258 of 312 cases where MU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 83%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 44 of 59 cases where MU's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MU declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
MU broke above its upper Bollinger Band on September 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron SMR rating for this company is 17 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 24 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. MU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 54 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.941) is normal, around the industry mean (7.465). P/E Ratio (22.045) is within average values for comparable stocks, (159.209). Projected Growth (PEG Ratio) (0.143) is also within normal values, averaging (1.728). MU has a moderately low Dividend Yield (0.001) as compared to the industry average of (0.015). P/S Ratio (12.315) is also within normal values, averaging (54.361).
The Tickeron PE Growth Rating for this company is 65 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of advanced semiconductor solutions such as DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components and memory modules
Industry Semiconductors