"Riding a Three-Quarter Beat Streak SanDisk has beaten estimates in each of the past three quarters. Fiscal Q1 delivered $1.22 EPS versus $0.89 expected, a 37% beat. The company's Fiscal Q4 earnings in June were even more dramatic, posting $0.29 against a $0.03 estimate. At the start of calendar 2025, the company was still losing money. That's hard to imagine today!"
"Since that low point, margins have recovered sharply. Gross margin expanded from 22.5% at the start of 2025 to 29.8% last quarter. Operating margin was a healthy 7.6% last quarter. Revenue climbed sequentially from $1.9 billion to $2.3 billion. The stock has responded accordingly. Shares are up 122% year to date and 116% over the past month alone, trading at $527.63 as of Tuesday's close."
SanDisk reports fiscal Q2 2026 results after the bell amid a recent run of three consecutive earnings beats and a 985% stock surge over the past year. The company returned from losses in early 2025 to expanded gross margins (22.5% to 29.8%) and a 7.6% operating margin, with revenue rising from $1.9 billion to $2.3 billion. Shares have jumped sharply year-to-date and month-to-month, trading above $500. Consensus Q2 EPS sits far above recent quarters, and analysts point to AI-driven NAND supply constraints and controlled capacity expansion as drivers of elevated estimates and upgraded price targets.
Read at 24/7 Wall St.
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