Why Micron Stock Barely Moved in After-Hours Despite Q4 Beat - and What Goldman Says

Micron Technology (MU) shares barely moved after the company reported fiscal Q4 results on Wednesday, rising just 0.37% in after-hours trading to $1,069.00. The muted response came even as adjusted earnings of $33.42 per share and revenue of $54.23 billion beat Wall Street expectations of $31.82 and $51.47 billion. Analysts pointed to higher planned FY27 capital expenditures and a softer Q1 gross-margin outlook. Micron expects Q1 gross margin around 86.25%, down from 87% in Q4, despite guiding Q1 revenue to $61.5 billion at the midpoint. Goldman reiterated a Hold rating and $1,100 target.