"Micron's fiscal Q1 2026 report revealed a non-GAAP EPS of $4.78, exceeding the $3.94 consensus, with revenue reaching $13.64 billion, a 57% year-over-year increase."
"Micron's CEO stated that the outlook reflects substantial records across revenue, gross margin, EPS, and free cash flow, positioning the company as an essential AI enabler."
"SanDisk's fiscal Q3 2026 report showed EPS of $23.41, significantly surpassing the $14.66 estimate, highlighting the company's strong performance amid the NAND supercycle."
"The bull case for Micron is supported by tight High Bandwidth Memory supply and strong order visibility, while the bear case raises concerns over insider selling and analyst target prices."
Memory chip stocks are surging, with Micron Technology and SanDisk seeing substantial increases in share prices. Micron's stock is up 125% year to date, while SanDisk has surged 478% in 2026. The growth is attributed to a structural memory shortage and increased institutional investment in AI infrastructure. Micron's recent fiscal Q1 report showed strong earnings, and its Q2 guidance indicates continued growth. SanDisk also reported impressive earnings, contributing to its stock rally amid a NAND supercycle.
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