Quick Read – SNDK’s NAND flash surge delivered 251% revenue growth while MU’s HBM leadership drove 346% growth, both fueled by accelerating AI infrastructure demand. – Micron trades at just 6x forward earnings with 80% operating margins and HBM already shipping at high volume to…
ad AI customers. – Both stocks pulled back post-earnings, with SNDK falling 15% and MU dropping 11%, even as both guided toward record revenues ahead. – SanDisk (NASDAQ:SNDK) and Micron Technology (NASDAQ:MU) both just delivered the kind of quarters that memory investors dream about. SanDisk posted a 251.03% revenue surge on NAND flash strength, while Micron rode HBM and DRAM to 345.72% growth
Two very different memory playbooks. One shared tailwind: AI infrastructure spending that refuses to slow down. NAND Flash Roars for SanDisk.
HBM Rewrites Micron’s Story. SanDisk’s Datacenter segment did the heavy lifting, generating $1.47 billion at a jaw-dropping +645% year over year. Gross margin swung from 22.5% to 78.4% in a single year, which tells you pricing power has completely inverted.