SanDisk stock price jumps again as “memory shortage” bets keep SNDK in play

Sandisk shares surged roughly 15.5% on Monday, closing near $665.24 in after-hours trading. The stock fluctuated between $562.35 and $677.57 during the session, with volume hitting around 28.3 million shares.

Shares of Sandisk jumped roughly 17% to $631.93 on Friday after the flash-storage company raised its quarterly guidance beyond Wall Street’s forecasts. The firm also announced it extended a crucial supply deal with partner Kioxia through 2034. Sandisk projected fiscal third-quarter revenue hitting a midpoint of $4.6 billion, with adjusted earnings per share at $14—far exceeding analysts’ estimates of $2.77 billion in revenue and $4.37 EPS, per LSEG data. CEO David Goeckeler summed it up: “Customers prefer supply over price.”