Micron Slides Premarket on Geopolitics, Q2 EPS Forecast Jumps to $8.50
Micron shares slid in premarket trading after Samsung and SK Hynix fell on renewed geopolitical tensions, but a rebound off its 50-day moving average could offer a new buy point after a 39% 2026 gain and 239% 2025 surge. Q2 EPS forecast rose $0.10 to $8.50.
1. Premarket Slide and Geopolitical Impact
Micron opened lower in premarket trading as South Korean memory peers Samsung and SK Hynix tumbled on renewed geopolitical tensions, weighing on investor sentiment across the semiconductor sector.
2. Technical Setup at 50-Day Moving Average
The stock is approaching its 50-day moving average, presenting a potential buy point if it rebounds from this key level after recent profit-taking pressure.
3. Historic Gains and Momentum Ranking
After a 239% surge in 2025 and a 39% gain year to date, Micron holds the top spot on Investor's Business Daily’s IBD 50 list and carries a Zacks Rank #1 with a Momentum Style Score of A.
4. Q2 Fiscal 2026 EPS Forecast
Analysts have raised Micron’s second-quarter fiscal 2026 earnings estimate by $0.10 to $8.50 per share, implying 444.9% year-over-year growth, ahead of results due March 18.