The AI Memory Supercycle Could Last Longer Than Investors Expect. That's Great News for Micron and Sandisk.
Yahoo Finance ·
The latest earnings for Micron ( MU 6.59% ) didn't just show that the supercycle in memory chip stocks is still in session. Its third-quarter fiscal 2026 results showed that the biggest bulls underestimated the growth of the memory industry and that the supercycle is still in its early stages. Even though Micron, Sandisk ( SNDK 10.46% ) , and other memory companies have mostly gone parabolic over the past year, there is still more room for them to run. Many investors held their breath waiting for Micron's earnings to come out. Any misses would have dragged down memory stocks and caused investors to worry that the supercycle was slowing down. Meeting expectations may not have been enough, but it would have at least confirmed that the memory industry is still going strong. It turns out Micron left no room for doubt. Revenue more than quadrupled year over year in the third quarter (ended May 28), breezing past prior guidance . Management had told investors to expect $33.5 billion in quarterly revenue, and it ended up delivering $41.5 billion.
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