NEW YORK, Jan 12, 2026, 17:21 EST — After-hours
- Sandisk pushed higher again in late trading following a choppy session on Monday.
- Storage stocks stayed active, with Western Digital and Seagate both making gains.
- Attention turns to Sandisk’s results on Jan. 29 and any news on pricing or supply.
Sandisk Corp shares climbed 3.1% to $389.27 in after-hours trading Monday, swinging between $358.00 and $394.94 earlier in the session. Roughly 14.5 million shares changed hands.
The stock has jumped roughly 64% since the close of 2025, positioning itself as a go-to for investors aiming to capitalize on the recent surge in memory and storage demand—without going after the mega-cap chip giants.
The pitch is straightforward and it’s fueling flows right now: AI data centers are burning through memory and storage parts, while suppliers remain wary about ramping up capacity after years of boom and bust. “Memory is in the midst of a generational supply and demand mismatch,” Morgan Stanley chip analyst Joe Moore noted in a report last month, according to the Wall Street Journal. Wall Street Journal
Other storage stocks followed suit Monday. Western Digital climbed 5.8%, Seagate added 5.7%, and Micron inched up 0.2%.
Sandisk, which split from Western Digital last February, offers solid-state drives (SSDs) and NAND flash products targeting cloud, client, and consumer sectors. The company is headed by CEO David Goeckeler, according to data from Reuters.
Sandisk plans to release its fiscal second-quarter results on Jan. 29, with a conference call scheduled for 1:30 p.m. Pacific time (4:30 p.m. ET), the company announced.
Traders are focused on clear signals about pricing—whether contract negotiations are getting tighter and if “hyperscalers,” the major cloud providers, continue to push storage-heavy expansions. Any sign of supply loosening would quickly move markets after such a strong run.
In its November quarterly report, Sandisk revealed first-quarter revenue of $2.31 billion and a GAAP net income of $112 million. The company projected second-quarter revenue between $2.55 billion and $2.65 billion, with non-GAAP earnings expected at $3.00 to $3.40 per share. “Customers are turning to Sandisk for our leading technology and products,” Goeckeler said then. Business Wire
Options traders are gearing up for a major move around the earnings release. According to Optionslam data, the implied move for the weekly contract sits near 21%, reflecting the market’s expectation of the stock’s potential volatility during that period.
Memory isn’t a one-way street. If supply rebounds faster than anticipated or major buyers resist price hikes, earnings can shrink fast — and volatile stocks usually adjust their valuations well before the numbers reflect those changes.
The stock’s next hurdle comes Jan. 29, when results and guidance drop. Investors will watch closely for clues on whether the storage squeeze narrative can extend into the following quarter.
