Sandisk Surpasses Earnings Projections, Predicts Strong Q3 Results
Data storage company Sandisk has reported impressive fiscal second-quarter earnings, exceeding Wall Street expectations. Following the announcement, shares soared by 15% in after-hours trading.
Financial Highlights
Sandisk’s financial performance in the second quarter was notable:
- Non-GAAP Diluted Earnings Per Share: $6.20 compared to analysts’ forecast of $3.62.
- Revenue: $3.03 billion, surpassing the consensus estimate of $2.69 billion.
Q3 Guidance
Looking ahead, Sandisk has provided optimistic projections for the third quarter:
- Expected Non-GAAP EPS: Between $12 and $14, significantly exceeding the anticipated $5.11.
- Expected Revenue: Projected between $4.40 billion and $4.80 billion, compared to the analyst forecast of $2.93 billion.
CEO Insights
CEO David Goeckeler commented on the company’s success, highlighting their adaptability in product management and market demand:
“This quarter’s performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD deployments, and strengthening market demand dynamics throughout this pivotal phase for AI technology.”
Stock Performance
Sandisk has shown remarkable growth since its separation from Western Digital in February 2025. The company’s stock witnessed an extraordinary increase of nearly 560% throughout 2025, making it the top-performing stock in the S&P 500, and was added to the index in November. The upward trend continued into 2026, with a rise of over 120% just in January.
As demand for data storage solutions continues in the AI sector, Sandisk appears poised for further growth.
