Overview
- Shares are up roughly 166% year to date, closing at $625.78 on Feb. 17, after a gain of more than 1,500% since last year’s relisting.
- Q2 fiscal 2026 revenue topped $3 billion, up 61% year over year, as earnings rose more than fivefold.
- Management projects fiscal Q3 revenue of $4.4 billion to $4.8 billion, adjusted EPS of $12 to $14, and gross margin around 65%.
- Industry reports indicate enterprise 3D NAND SSD prices are being doubled this quarter and suggest 2026 flash capacity is already sold out.
- AI data centers are the primary demand driver, with data-center revenue up 64% sequentially last quarter and some analysts forecasting about $39 in EPS for fiscal 2026.