Overview
- Sandisk shares have jumped 287% this year to roughly $919, helped by a sharper outlook and higher prices for NAND flash, the storage chips used in phones, laptops, and data centers.
- After reporting second-quarter revenue just over $3 billion with 31% year-over-year growth and a 64% surge in data center sales, the company guided the next quarter well above $4 billion.
- Reporting cited Wall Street models that look for third-quarter revenue of $4.4 billion to $4.8 billion, non-GAAP earnings of $12 to $14 per share, and gross margin near 65% to 67%.
- Industry tracker TrendForce expects NAND prices to keep rising through the year, which would support Sandisk’s profit if tight supply and AI-driven storage demand persist.
- Nasdaq-100 inclusion is set to pull in passive index buying, though analysts note Micron’s lead in memory markets remains large and limits how fast Sandisk can close the gap.