SNDK stock after Sandisk earnings: SNDK stock jumps 14% after Sandisk earnings beat Wall Street estimates – here’s what investors need to know
Sandisk Stock Soars After Second-Quarter Earnings Boom – Adjusted EPS Up 404%
The Milpitas, California-based company earned adjusted earnings of $6.20 per share on sales of $3.03 billion in the quarter ended Jan. 2; This figure was well above analysts’ estimates of $3.62 per share and $2.69 billion in revenue. According to the report, on an annual basis, Sandisk’s adjusted earnings increased by a staggering 404%, while its sales increased by 61%.
Sandisk Earnings Report: Data Center Sales Amid AI Boom Drives SNDK Stock Growth
Data center sales, a key growth driver amid the AI boom, rose 64% sequentially and 76% annually to $440 million as tech companies continued to invest heavily in AI infrastructure.
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SNDK Stock Forecast: Third Quarter Outlook Exceeds Wall Street Estimates
Looking ahead, Sandisk forecasts third-quarter adjusted earnings per share of $13 on revenue of $4.6 billion; That’s well above Wall Street’s expectations of $5.11 per share and sales of $2.93 billion. In the same quarter last year, the company announced a loss of 30 cents per share and revenue of $1.7 billion.
CEO David Goeckeler Comments on Strong SNDK Earnings
“This quarter’s performance underscores our agility to leverage better product mix, accelerate enterprise SSD (solid-state drive) deployments, and strengthen market demand dynamics at a time when we recognize the critical role our products play in powering AI and world technology,” said Chief Executive Officer David Goeckeler.
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Sandisk Leaving Western Digital Spurs SNDK Share Momentum
Sandisk has been flying high since it was spun off from Western Digital in February 2025, fueling both growth and investor excitement, as demand for memory chips, especially from AI data centers, grows, according to the IBD report.
FAQ
How much did Sandisk’s earnings increase?
Adjusted earnings increased 404% over last year, while revenues increased 61%.
Why are investors excited about SNDK shares?
High demand for memory chips, strong earnings and AI-driven growth are fueling investor excitement.
