Sandisk outperforms Micron in year-over-year revenue growth, benefiting from AI-driven demand for NAND flash memory chips.
Sandisk (NASDAQ: SNDK) emerged as a top gainer following Micron Technology’s (NASDAQ: MU) fiscal 2026 third-quarter earnings, which signaled sustained strength in the memory chip sector. Micron reported over 20% sequential growth for its fiscal fourth quarter, reinforcing market optimism.
Sandisk’s fiscal 2026 Q3 results, ending April 3, 2026, showed 251% year-over-year revenue growth, surpassing Micron’s 196% in its comparable quarter. Sequential growth for Sandisk reached 97%, exceeding Micron’s 75%. Both companies benefit from AI infrastructure demand, but Sandisk’s NAND flash memory chips have driven stronger financial performance.
Investors are now eyeing Sandisk’s upcoming August earnings, anticipating continued momentum in the memory chip market. The S&P 500 has trailed both stocks over the past year, highlighting their outperformance in the sector.