Micron vs. Sandisk: Which Memory Stock Wins From the AI Boom?
The Motley Fool
Last updated: May 25, 2026
The artificial intelligence era is driving a resurgence in the memory chip market, with companies like Micron Technology and Sandisk experiencing significant growth. Both are benefiting from increased demand for AI infrastructure, though they have distinct approaches and market positions.
- Micron Technology has reported exceptional financial results, with revenue surging to $23.8 billion in Q2 2026 from $8 billion in Q2 2025, and operating cash flow increasing to $11.9 billion. The company anticipates record-setting figures in its next quarter, and its stock has risen over 600% in the past year.
- Sandisk, which spun off from Western Digital in early 2025, has seen its stock price increase by over 3,360% in the last 12 months. The company reported a 97% revenue jump to $5.95 billion in Q3 fiscal 2026 and projects fourth-quarter revenue between $7.75 billion and $8.25 billion.
- While both companies are experiencing substantial growth, Micron is considered more mature and stable. It boasts superior revenue and balance sheet performance, with high-bandwidth memory being particularly sought after by AI and cloud companies, suggesting continued extraordinary demand with comparatively less risk.
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