New York, January 28, 2026, 09:56 EST — Regular session underway
- Sandisk shares jumped roughly 8.6% in early trading, reaching $523
- Storage and memory stocks rose following Seagate’s upbeat forecast, driven by strong data-center demand
- Sandisk is set to release its fiscal second-quarter results Thursday, with investors focused on pricing trends, profit margins, and AI-driven orders.
Sandisk Corp shares surged 8.6% to $523 in early Nasdaq action Wednesday, pushing higher after a strong rally. Investors are diving once again into names linked to the AI infrastructure boom, with Sandisk leading the charge in data storage.
The rise followed a wider rally in storage stocks, sparked by Seagate Technology’s forecast of quarterly revenue and profit that beat Wall Street’s estimates. The company cited ongoing strong demand for data storage in AI-driven data centers. “As AI applications amplify the creation and economic value of data, modern data centers increasingly need storage solutions that combine performance and cost-efficiency at exabyte-scale,” said Seagate CEO Dave Mosley. (Reuters)
Timing is crucial for Sandisk. The company plans to release its fiscal second-quarter results on Thursday, followed by an earnings call at 1:30 p.m. Pacific Time, after U.S. markets shut. (Sandisk)
Sandisk had previously guided investors to expect second-quarter revenue between $2.55 billion and $2.65 billion, with non-GAAP diluted earnings per share ranging from $3.00 to $3.40. “Customers are turning to Sandisk for our leading technology and products, which are exceptionally well positioned at a time when demand is strengthening,” CEO David Goeckeler said in the company’s first-quarter report. (Sandisk)
Non-GAAP results exclude certain items like one-off costs, offering a clearer view of the core business performance. Investors often zero in on these figures to assess the underlying run rate. The term “hyperscalers” refers to the biggest cloud firms that operate massive data centers.
Sandisk designs NAND flash storage products like solid state drives, USB drives, and removable cards. The company serves cloud, client, and consumer markets, according to a Reuters profile. (Reuters)
This week’s earnings season lands amid a noisy tech environment, with investors eager to see if AI investments are driving profits rather than just hefty spending. “Investors want to hear that the capital spending, that particularly Microsoft and Meta are doing, is going to continue, and they see very visible monetization or earnings coming from this spending,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. (Reuters)
Sandisk’s results landed Thursday just ahead of Western Digital’s, offering traders two quick snapshots of the storage sector. Seagate’s positive forecast injected extra momentum, despite its focus on hard disk drives versus Sandisk’s flash memory core.
But the trade can reverse quickly. Storage and memory demand shifts sharply, and if prices show signs of leveling off or data-center clients hit pause on orders, profit-taking could kick in after the recent surge.
Sandisk officially spun off from Western Digital and started trading as an independent public company on Nasdaq under the ticker “SNDK” in 2025, the company announced. (Sandisk)
The next hurdle comes Thursday with the quarterly report and the 1:30 p.m. PT conference call. Investors will be pushing management hard on flash pricing, supply discipline, and exactly how much AI data-center spending is showing up in Sandisk’s orders.
