New York, Jan 28, 2026, 18:12 EST — After-hours
- Sandisk shares climbed 9.6%, hitting $527.63 in after-hours, after briefly reaching $544.98.
- Seagate’s strong results and optimistic outlook gave a boost to storage and memory stocks throughout the sector.
- Sandisk is set to release its fiscal second-quarter results Thursday after the market closes. Investors will be watching closely for guidance and any pricing remarks.
Sandisk Corp (SNDK) shares jumped 9.6% to $527.63 in after-hours trading Wednesday, bouncing between $500.39 and $544.98. Roughly 16.2 million shares traded hands.
This shift is significant since investors see data storage as a straightforward bet on AI-fueled data-center spending—and Sandisk is set to report results in the next session. Amid a cautious tape, storage remains one of the rare sectors still attracting quick capital.
Seagate Technology helped propel gains on Wednesday after surpassing quarterly expectations and raising its guidance. CEO Dave Mosley highlighted growing demand for “efficient and high-performing storage” in data centers. That outlook gave a boost to Western Digital and Micron shares, too. Barron’s
Sandisk grabbed attention again after Morgan Stanley’s Joseph Moore bumped his price target to $483 from $273, maintaining an Overweight rating. He pointed to “exceptional” NAND fundamentals, driven by tightening supply amid strong enterprise solid-state drive demand. NAND, a flash memory type, powers SSDs and other storage tech. TipRanks
Mizuho raised its price target on Sandisk to $600 from $410, maintaining an Outperform rating. The firm pointed to expected pricing tailwinds in the DRAM and NAND sectors. DRAM is the memory found in servers and PCs for quick data access, while NAND is used for storage.
Sandisk is set to release its fiscal second-quarter results Thursday after the market closes. The company projects revenue between $2.55 billion and $2.65 billion, with non-GAAP earnings per share ranging from $3.00 to $3.40. Non-GAAP figures exclude one-time charges and other adjustments.
Sandisk spun off from Western Digital and started trading independently on Nasdaq under the ticker SNDK in early 2025.
Investors are tuning out last quarter’s results and zeroing in on management’s comments about pricing, supply, and demand for flash storage—particularly in enterprise drives. A suggestion that tighter supply could persist usually carries more weight than a straightforward quarterly beat.
The setup is double-edged. Even with the stock surging ahead of the report, a strong quarter could still disappoint if guidance misses lofty expectations or if customers signal caution on orders and pricing.
Sandisk will release its earnings results Thursday at 4:30 p.m. EST, followed by a call accessible via webcast on its investor relations page.
