"The catalyst for recent gains arrived on January 29, when SanDisk reported Q2 fiscal 2026 results that obliterated expectations. Revenue hit $3.03 billion, up 61% year-over-year. Net income surged 672% to $803 million from $104 million a year earlier. But the real shock came in earnings per share: $6.20 adjusted versus consensus of $3.62. That's a 71% beat. The stock jumped 14.8% to 17% in after-hours trading."
"Reddit's r/wallstreetbets lit up with sentiment scores hitting 88 to 89 (very bullish) through January 31, with one post titled "After Blowout Earnings, Why SNDK Sandisk is the best Momentum Play right now" pulling 312 upvotes. The momentum was real. What drove the beat? Datacenter revenue climbed sharply year-over-year, with SanDisk's BiCS8 3D NAND technology capturing enterprise AI workloads. The company's joint venture with Kioxia provides advanced memory production capacity."
SanDisk's stock surged 163% year-to-date to $626.56 and rose 1,640% since its early‑2025 spin‑off from Western Digital. A January 29 Q2 fiscal 2026 report showed revenue of $3.03 billion, up 61% year‑over‑year, net income of $803 million (up 672%), and adjusted EPS of $6.20 versus $3.62 consensus. Shares jumped dramatically after the results. Datacenter revenue climbed as BiCS8 3D NAND won enterprise AI workloads, supported by a joint venture with Kioxia. Goldman Sachs termed a 'Great Memory Crunch' with high‑bandwidth memory supply tight until 2028 and demand growing over 20% annually, favoring SanDisk.
Read at 24/7 Wall St.
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