Tweaker -
You’re asking someone to answer your question in an internet squib explaining a battle upon which entire books have written. There are some simple features to the action most of which revolve around timing and some rather good, and rather bad, command decisions. I could answer your question, but I don’t feel like writing the equivalent of a masters thesis
May I suggest a visit to the library? If they don’t have it on the shelf, ask about inter-library loads. You should read these and then self-ponder your question. I’m sure you will find enlightenment.
A Glorious Page in Our History by Robert Cressman, Steve Ewing, et. al.(1990)
The First Team - Pacific Naval Air Combat from Pearl Harbor to Midway by John Lundstrom (1984; revised 2nd edition 1990)
Shattered Sword: the Untold Story of the Battle of Midway by Jonathan Parshall and Anthony Tully (2005)
Miracle at Midway by Gordon W. Prange (1982)
Black Shoe Carrier Admiral: Frank Jack Fletcher at Coral Sea, Midway, and Guadalcanal by John Lundstrom (2006)
Incredible Victory by Walter Lord (1967)
That Gallant Ship by Robert Cressman (1985 reprint 2000)
The Japanese Story of the Battle of Midway U.S. Navy publication OPNAV P32-1002 (1947)
http://www.history.navy.mil/library/special/midway.htm
The Last Flight of Ensign C. Markland Kelly, Junior, USNR by Bowen P. Weisheit (1996)
No Right to Win: a Continuing Dialogue with Veterans of the Battle of Midway by Ronald W. Russell (2006)
Marines at Midway by R. D. Heinl (1948) http://www.ibiblio.org/hyperwar/USMC/USMC-M-Midway.html
A Dawn Like Thunder: the True Story of Torpedo Squadron Eight by Robert Mrazek (2008)
Battle Report, Volume III, Pacific War Middle Phase by Walter Karig (1947)
History of United States Naval Operations in World War II, Volume IV, Coral Sea, Midway, and Submarine Actions, May 1942 - August 1942 by Samuel E. Morison (1950)
Midway Inquest: Why the Japanese Lost the Battle of Midway by Dallas W. Isom (2007)
The Big E by Edward P. Stafford (1960)
The Unknown Battle of Midway: the Death of the Torpedo Squadrons by Alvin Kernan (2005)
Midway: Turning Point of the Pacific by VADM William Ward Smith (1966)
Rendezvous at Midway: USS Yorktown and the Japanese Carrier Fleet by Pat Frank and Joseph D. Harrington (1967)
They Turned the War Around at Coral Sea and Midway by Stuart Ludlum (2000)
SBD-3 Dauntless; the Battle of Midway by Daniel Hernandez (2002)
Midway: the Battle That Doomed Japan by Mitsuo Fuchida and Masatake Okumiya (1955)
Others of interest and bearing on the subject of Midway:
And I Was There by Rear Admiral Edwin T. Layton (1985)
Destined for Glory - Dive bombing, Midway, and the Evolution of Carrier Air Power by Tom Wildenberg (1998)
Double-Edged Secrets by Captain C. Jasper Holmes (1979)
Combined Fleet Decoded by John Prados (1995)
A Priceless Advantage by Frederick D. Parker (1993) http://www.ibiblio.org/hyperwar/PTO/Magic/COMINT-CoralSea/Forward.html
A Battle History of the Imperial Japanese Navy by Paul Dull
Sunburst - The Rise of Japanese Naval Air Power, 1909-1941 by Mark Peattie (2002)
The Barrier and the Javelin: Japanese and Allied Strategy, February-June 1942 by H. P. Willmott (1983)
Thach Weave - The Life of Jimmie Thach by Steve Ewing (2004)
Then there’s actual reports:
Commander in Chief, Pacific Fleet, Serial 01849 of 28 June 1942
http://www.history.navy.mil/docs/wwii/mid1.htm
Commander in Chief, Pacific Fleet, Serial 01753 of 21 June 1942
http://www.history.navy.mil/docs/wwii/mid2.htm
Commander Cruisers, Pacific Fleet of 14 June 1942
http://www.history.navy.mil/docs/wwii/mid3.htm
Commander Task Force SIXTEEN, Serial 0144A of 16 June 1942
http://www.history.navy.mil/docs/wwii/mid4.htm
Commanding Officer, USS Hornet, Serial 0018 of 13 June 1942
http://www.history.navy.mil/docs/wwii/mid5.htm
Commanding Officer, USS Enterprise, Serial 0133 of 8 June 1942
http://www.history.navy.mil/docs/wwii/mid6.htm
Commanding Officer, USS Yorktown, of 18 June 1942
http://www.history.navy.mil/docs/wwii/mid7.htm
Commander Destroyer Squadron SIX, Pacific Fleet, Serial 094 of 12 June 1942
http://www.history.navy.mil/docs/wwii/mid8.htm
Commanding Officer, USS Hammann, Serial 2 of 16 June 1942
http://www.history.navy.mil/docs/wwii/mid9.htm
VB-6 (Penland) ACA on carrier attack, Battle of Midway, 4 June 1942
http://www.history.navy.mil/docs/wwii/mid10.htm
U.S.S. YORKTOWN (CV-5), BOMB AND TORPEDO DAMAGE - Coral Sea, May 8, 1942
http://www.dcfp.navy.mil/mc/museum/War_Damage/23.pdf
Photos
http://www.dcfp.navy.mil/cgi-bin/WarGallery.cgi?category=23&cols=3&PgConst=9
U.S.S. YORKTOWN (CV-5), BOMB AND TORPEDO DAMAGE - Midway, June 4 to 7, 1942
http://www.dcfp.navy.mil/mc/museum/War_Damage/25.pdf
Photos
http://www.dcfp.navy.mil/cgi-bin/WarGallery.cgi?category=25&cols=3&PgConst=7
Other interesting damage reports
http://www.dcfp.navy.mil/cgi-bin/WarSummary.cgi
NAVAL ANALYSIS DIVISION Interrogations of Japanese Officials OPNAV-P-03-100
(Not just Midway)
http://www.ibiblio.org/hyperwar/AAF/USSBS/IJO/index.html
VB-3
http://home.comcast.net/~r2russ/midway//aa-reports/vb-3.pdf
NAS Midway (these are page by page, individual downloads)
http://www.pby.com/Archives.nsf/NASMidwayWarDiary
VP recommendations for decorations (these are page by page, individual downloads)
http://www.pby.com/Archives.nsf/NASMidwayCommendations
VP folks memos noting awards of medals (these are page by page, individual downloads)
http://www.pby.com/Archives.nsf/NASMidwayMedals
NAS Midway documents / war diary May 42 (these are page by page, individual downloads)
http://www.pby.com/Archives.nsf/NASMidwayBattle!OpenView&Start=1
MAG 22 (Kimes) report
http://home.comcast.net/~r2russ/midway//aa-reports/mag22co.pdf
MAG 22 (McCaul) report
http://home.comcast.net/~r2russ/midway//aa-reports/mag22xo.pdf
(missing the last two lines on last page: “- - - to tell what happened to the remainder of his unit nor the results obtained by their attack.”
VMF-221 report
http://home.comcast.net/~r2russ/midway//aa-reports/vmf-221.pdf
VMSB-241 report
http://home.comcast.net/~r2russ/midway//aa-reports/vmf-221.pdf
VT-6 Laub ACA
http://www.cv6.org/ship/logs/action19420604-vt6.htm
VS-6 report
http://www.cv6.org/ship/logs/action19420604-vs6.htm#fourth
VB-5 report
http://home.comcast.net/~r2russ/midway//aa-reports/vs-5.pdf
Read all these, books and reports, chase down the paths they lead you and you’ll have your own answer. If you don’t, then we’ll at least have a common ground for discussion.
This BTW is my stock answer for Midway references, especially for those questions which require a more than basic understanding of USN and IJN doctrine and the events as they transpired as influenced by the individuals involve in order to understand not so simple answers.