Key Financial Highlights
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Sandisk’s data center revenue surged 233% sequentially, reaching approximately $1.5 billion.
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Micron’s revenue climbed 75% sequentially to $23.86 billion, with adjusted earnings per share at $12.20.
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Sandisk’s fiscal Q3 2026 revenue rose to $5.95 billion, up 97% sequentially and 251% year over year.
Company Performance
In Q2 2026, Micron Technology reported a revenue increase to $23.86 billion, primarily fueled by the demand for high-bandwidth memory related to Nvidia’s AI initiatives. Meanwhile, Sandisk Corporation showcased strong growth in its Q3 2026 earnings, recording revenue of $5.95 billion, with a non-GAAP gross margin leap to 78.4%.
Future Outlook
Micron plans to exceed $25 billion in capital expenditures for fiscal 2026, while Sandisk’s future guidance anticipates adjusted earnings per share between $30 and $33. Sandisk also finished the quarter debt-free, with $3.7 billion in cash and initiated a $6 billion share buyback program.
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