Micron Stock Slips Despite Strong Q2 and 30% Dividend Boost. Should You Buy the Dip?

Micron (MU) reported strong second-quarter financial results, outperforming expectations with record revenue across its core businesses, including DRAM, NAND, and high-bandwidth memory (HBM). Management said that each business unit achieved new highs, supported by robust artificial intelligence (AI)-driven demand for its advanced memory products and improved pricing conditions.

Micron also delivered notable expansion in gross margins, earnings, and free cash flow, reflecting operational efficiency and favorable market dynamics. Its balance sheet remains solid, with total debt reduced by more than $5 billion over the past three quarters, resulting in a healthy net cash position.