March 18, 2026, 4:07 PM EDT. Sandisk's share price has surged over 1,200% in the past year, reaching a $105 billion market capitalization driven by booming demand for its flash storage products. The company reported a non-GAAP profit turnaround in fiscal 2025 and has seen a 150% increase in adjusted earnings in the first half of fiscal 2026. Analysts and Sandisk's own guidance forecast continued sharp earnings growth, fueled by AI data centers switching to enterprise solid-state drives (SSDs) amid a hard disk drive shortage through 2027. SSDs offer faster data retrieval, lower power use, and smaller footprint, making them favored in AI operations. While AI revenue is projected to hit $3.5 trillion by 2033, Sandisk faces questions on whether current momentum can propel it to the $1 trillion market cap milestone.
