Micron, Sandisk and Intel post strong AI chip revenue and earnings growth
Updated
Updated · The Motley Fool · May 8
Micron, Sandisk and Intel post strong AI chip revenue and earnings growth
8 articles · Updated · The Motley Fool · May 8
Micron said fiscal second-quarter 2026 earnings rose nearly eightfold to $12.20 a share, while Intel's data centre and AI revenue climbed 22% to $5.1bn.
Sandisk's latest quarter, already reported, showed revenue up 251% to $5.95bn and adjusted earnings of $23.41 a share, helped by five multiyear supply deals as AI storage demand surged.
The gains reflect heavy spending on AI data centres and edge hardware, with Gartner forecasting semiconductor industry revenue will jump 64% in 2026 to $1.32tn.
The AI chip boom is breaking records, but are soaring costs and supply shortages signs of an impending market bust?
With custom chips on the rise, can NVIDIA's software ecosystem alone defend its dominance in the new AI inference market?
Is the AI boom's immense thirst for power and water creating an unsustainable tax on our communities and environment?
SanDisk Q3 2026: $7.93B Revenue Surge and 78% Margins Signal AI-Driven Memory Market Transformation
Overview
SanDisk is set for a record-breaking Q3 2026, with projected revenue of $7.93 billion and $31.72 EPS, reflecting significant growth and profitability. This surge is fueled by relentless demand from the artificial intelligence sector, which has created a supply squeeze in the memory market. As a result, component shortages are driving up prices and boosting demand for memory stocks like SanDisk. The strong AI-driven momentum and robust market conditions have positioned SanDisk to benefit greatly, highlighting how underlying technology trends and supply dynamics are powering the company’s exceptional financial outlook.