AI-Driven Memory Chip Market Surge in 2026
In 2026, the memory chip market has seen a dramatic rise, significantly influenced by AI demand. Sandisk’s shares surged over 700%, while Micron Technology’s stock more than tripled, leading Micron to surpass a $1 trillion market value.
During its fiscal Q3 2026, Sandisk reported a 97% revenue increase from the previous quarter and 251% from the same period last year, reaching $5.95 billion, with non-GAAP earnings per share hitting $23.41. Meanwhile, Micron’s fiscal Q2 2026 revenue reached $23.86 billion, representing a nearly threefold increase from a year prior, with DRAM contributing 79% of total revenue.
Sandisk has secured multiyear supply contracts worth over $11 billion, covering one-third of its fiscal 2027 output. Micron anticipates revenues around $33.5 billion for its fiscal Q3, marking an increase based on AI and traditional server demands.
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