SanDisk Q3 Revenue Nearly Doubles; Micron’s 245 TB AI SSD Spurs 11% Rally
SanDisk reported Q3 revenue of $5.95 billion (up 97% sequentially) with EPS $23.41 and guided Q4 revenue of $7.75–8.25 billion, underpinned by $42 billion in multi-year supply contracts. Meanwhile, Micron’s launch of a 245 TB AI SSD boosted its stock by 11% and priced it at 27× earnings versus 43× for SanDisk.
1. SanDisk Q3 FY2026 Performance
SanDisk generated $5.95 billion in Q3 revenue, up 97% sequentially and 251% year over year, and reported EPS of $23.41, beating estimates by roughly 60%. The company secured $42 billion in multi-year supply commitments covering over a third of planned 2027 output and guided Q4 revenue between $7.75 billion and $8.25 billion with EPS projected at $30–$33.
2. Micron 6600 ION SSD Launch
Micron introduced the 6600 ION SSD, offering 245 TB of AI-optimized storage capable of 84× better energy efficiency and 8.6× faster AI preprocessing than traditional HDDs. This product unveiling drove an 11% stock rally and positioned Micron at 27× forward earnings versus 43× for SanDisk, highlighting a valuation gap in the enterprise SSD sector.