Micron Technology outperformed Q3 estimates by 18% and generated $18 billion in free cash flow, trading at 9x forward earnings.
Micron Technology reported a 18% beat on Q3 estimates, driven by $18 billion in free cash flow. The company trades at a forward P/E of 9, significantly lower than peers in the semiconductor sector.
SanDisk, by contrast, posted a $1.64 billion net loss for FY2025 and saw a 10% sequential decline in consumer sales. Its forward P/E stands at 30, despite a 26-bagger rally over the past year.
Retail sentiment for SanDisk surged briefly on options activity but has since cooled, with marginal buying interest waning as fundamentals weaken.