Overview
- SanDisk reported Q3 results on April 30 showing $5.95 billion in revenue and $23.41 in non‑GAAP EPS, driven by a sharp jump in data‑center sales.
- The stock has surged several hundred percent this year to fresh highs after the quarter and contract disclosures, with coverage citing year‑to‑date gains roughly in the 650%–724% range.
- Management disclosed roughly $42 billion in multiyear supply agreements and guided Q4 revenue to $7.75 billion–$8.25 billion with non‑GAAP EPS of $30–$33.
- Major brokers including Mizuho and Bank of America raised ratings or price targets, which amplified buying and pushed trading volume sharply higher.
- Analysts and investors caution that stretched valuations, possible insider selling and upcoming NAND/HDD pricing data could prompt a sharp pullback that would also pressure peer names such as Western Digital.