Sandisk blows past quarterly earnings expectations, forecasts blockbuster Q3 numbers
It was the best performer in the S&P 500 last year. It’s already doubled in January. And shares are soaring after-hours.
Data storage company Sandisk, the poster child for AI-linked stocks that have gone parabolic amid a scramble to build out data centers, reported blowout fiscal second-quarter earnings after the close of trading on Thursday.
Shares are up more than 20% premarket, as of 4:45 a.m. ET.
Here’s what it reported:
Non-GAAP diluted earnings per share of $6.20 vs. the $3.62 forecast by Wall Street analysts polled by FactSet.
Revenue of $3.03 billion vs. a $2.69 billion consensus forecast from FactSet.
Guidance for Q3 non-GAAP EPS of $12 to $14 vs. Wall Street’s $5.11 expectation.
Guidance for Q3 revenue of $4.40 billion to $4.80 billion vs. the $2.93 billion analyst forecast.
“This quarter’s performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD [solid-state drive] deployments, and strengthening market demand dynamics, all at a time when the critical role that our products play in powering AI and the world’s technology is being recognized,” said CEO David Goeckeler.
Best known as a maker of less than sexy data storage products like thumb drives and USBs, Sandisk has seen its shares explode since it was spun off from former owner Western Digital in February 2025.
Sandisk rose nearly 560% in 2025, making it the best-performing stock in the S&P 500, to which it was added in November. And the momentum has only accelerated in 2026, with the shares up more than 120% in January alone.
