Sandisk Is One of the Biggest Winners After Micron's Blowout Earnings
Yahoo Finance ·
Micron Technology 's ( MU 7.84% ) fiscal 2026 third-quarter earnings left no doubt that the memory boom is still here. Not only did the company smash guidance, but it also told investors to expect more than 20% sequential growth for its fiscal 2026 fourth quarter. Naturally, investors piled into Micron after earnings, but it's not the only winner. Sandisk ( SNDK 9.28% ) might be the better play post-Micron earnings, and investors should look with anticipation leading up to when Sandisk reveals its latest results in August. The broad catalyst for memory stocks is that artificial intelligence (AI) infrastructure requires memory chips and products so AI chips can manage large workloads and become more efficient. Sandisk's NAND flash memory chips have become a staple for AI infrastructure, just like Micron's high-bandwidth memory chips. Those products have helped Sandisk and Micron outpace the S&P 500 by a wide margin over the past year, but Sandisk actually has higher financial growth rates than Micron. That's a big deal after Micron's blowout earnings, and as August approaches. Micron's fiscal 2026 Q2, which ended Feb. 26, 2026, is the most accurate comparable to Sandisk's fiscal 2026 Q3 results, which ended April 3, 2026. Micron delivered 196% year-over-year revenue growth in that quarter, compared to Sandisk's 251% year-over-year revenue growth.
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