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SanDisk Corp. (NASDAQ: SNDK) delivered exceptional second-quarter fiscal 2026 results, with revenue surging 31% quarter-over-quarter to $3.03 billion, a 61% year-over-year increase. Non-GAAP diluted EPS reached $6.20, surpassing analyst consensus by 98.53%, while gross margin expanded to 51.1%, up 21.2 percentage points from the prior quarter. The Datacenter segment grew 76% year-over-year, contributing $440 million in revenue, driven by strong AI infrastructure adoption. For Q3, SanDisk projects revenue between $4.4 billion and $4.8 billion and non-GAAP diluted EPS of $12 to $14, exceeding expectations. The company also extended its joint venture with Kioxia Corp. through 2034, committing $1.16 billion to enhance manufacturing efficiency and scalability. Strategically, SanDisk is transitioning from a cyclical memory supplier to an AI-focused infrastructure leader, supported by customer agreements that reduce pricing volatility and improve visibility. Key growth drivers include AI-driven data center demand, enterprise SSD adoption, and durable NAND demand, with analysts projecting over 20% bit shipment growth and a credible path to $130 in EPS by FY27. Bullish sentiment from analysts, including Evercore ISI’s $1,200 price target, underscores confidence in SanDisk’s multi-year growth trajectory. While risks such as competitive supply responses and potential AI spending slowdowns remain, SanDisk’s operational execution, cost advantages, and robust guidance position the company for sustained growth.
Source content provided by Benzinga.
This content was created in whole or in part using Generative Artificial Intelligence (AI). Please read the disclosures found at the end of this content for more information.

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About SNDK

Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with ... Read more

Ways to trade options* on SNDK

Bullish Option Strategy: Long Calls

Traders buy a single call option on a stock or ETF. This strategy can benefit from a price increase while risking more capital than a spread.

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