"Micron's most recent quarterly results tell a compelling story. Revenue came in at $13.64 billion, up 56.6% year over year, with non-GAAP EPS of $4.78 beating the $3.94 estimate."
"High-bandwidth memory demand is already stretching order books into 2027, which signals a structural shortage, not a cyclical blip."
"SanDisk reported Q2 FY2026 revenue of $3.025 billion, up 61.3% year over year, with non-GAAP EPS of $6.20 crushing the $3.54 estimate."
"CEO David Goeckeler cited 'accelerating enterprise SSD deployments' and the 'critical role that our products play in powering AI.'"
Micron Technology and SanDisk stocks have increased significantly due to heightened enthusiasm around AI infrastructure spending. Micron reported a 56.6% year-over-year revenue increase, reaching $13.64 billion, with a strong Cloud Memory segment. Forward guidance for Q2 FY2026 indicates revenue of $18.70 billion. SanDisk also saw a 61.3% revenue increase to $3.025 billion, with its Datacenter segment growing 76%. Both companies are benefiting from a structural shortage in high-bandwidth memory driven by AI demand, despite initial concerns over efficiency algorithms.
Read at 24/7 Wall St.
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