Movement Alert|Micron Technology Declines 3.32% Overnight, SanDisk Revenue Guidance Miss Drags Storage Sector

Market Focus
Aug 06

On August 6, Micron Technology declined 3.32% overnight, trading at approximately 862.84 USD/share, with turnover of 133 million USD. The drop came as the broader semiconductor and storage sectors faced selling pressure following SanDisk's disappointing forward guidance.

SanDisk reported fourth fiscal quarter results after the close, with revenue of 8.97 billion USD and adjusted EPS of 39.25 USD both exceeding expectations. However, the company guided next quarter revenue to 10.3–10.8 billion USD, with a midpoint of 10.55 billion USD falling short of the analyst consensus of 10.8 billion USD. The guidance miss triggered a sharp after-hours selloff across storage names, with Western Digital plunging over 10%, SK Hynix dropping over 2%, and Micron declining nearly 1% in extended trading before losses deepened overnight.

Within the Semiconductor sector, the overall trend was negative. Among major peers, NVIDIA fell 0.31%, Advanced Micro Devices fell 1.65%, Intel fell 2.20%, Broadcom fell 0.43%, and Taiwan Semiconductor Manufacturing fell 0.82%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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