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.
"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.'"
Read at 24/7 Wall St.
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