Micron Earnings Report on September 30 Could Impact Sandisk
Micron Technology (NASDAQ: MU) is set to report earnings on September 30, with consensus estimates projecting $50.8 billion in revenue and approximately $31 earnings per share (EPS), marking a 350% year-over-year revenue increase. This report is pivotal for Sandisk (NASDAQ: SNDK), which saw a significant rise in its own revenue to $20.25 billion for the full year—an increase of 175% compared to the previous year—and $8.9 billion in Q4 alone, representing a 372% year-over-year growth.
Both companies are poised to benefit from the ongoing demand in the memory sector, particularly as industry leaders like Apple and Amazon highlight rising memory prices amidst a “100-year flood” scenario. Sandisk’s data center revenue has surged, accounting for $2.9 billion in Q4 alone, highlighting a major shift in the company’s sales mix. A favorable report from Micron could indicate continued growth in memory demand and potentially lift Sandisk’s stock prices in response.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
