NEW YORK, Jan 29, 2026, 09:54 EST — Regular session
- Sandisk shares rose about 1% in early trading ahead of fiscal second-quarter results due after the close.
- Storage peers Seagate and Western Digital were higher, while Micron edged lower.
- Investors are looking for clues on NAND pricing and data-center demand in Sandisk’s outlook.
Sandisk shares ticked higher on Thursday morning as investors positioned for the flash-memory maker’s quarterly update due after U.S. markets close.
The report lands at a touchy moment for memory and storage stocks, where rallies have fed on the idea that AI data centers are soaking up NAND flash memory — the storage chips used in solid-state drives and phones — faster than suppliers can add capacity.
That leaves the company’s tone on pricing, supply and 2026 demand doing as much work as the numbers.
Sandisk was up about 1.0% at $532.99, after trading as high as $547 and as low as $523. Seagate rose about 2.0%, Western Digital gained 0.2% and Micron slipped 0.1%.
The group has taken cues from Seagate, which on Tuesday reported $2.83 billion in fiscal second-quarter revenue and non-GAAP profit of $3.11 a share, and forecast a stronger March quarter. “Seagate’s December quarter results exceeded our expectations on both the top and bottom line,” CEO Dave Mosley said. (Seagate Investor Relations)
Some analysts are still chasing the move. Lynx Equity raised its price target on Sandisk to $750 from $300, citing tight NAND supply and limited meaningful supply additions before 2028, Investing.com reported. (Investing)
Sandisk has said it will hold its fiscal second-quarter earnings conference call at 1:30 p.m. Pacific time on Thursday. (Sandisk)
On average, analysts are looking for revenue of about $2.7 billion and adjusted earnings per share of $3.62, Barron’s reported. The stock has gained roughly 1,237% since its February 2025 listing after Western Digital spun off the business, the publication said. (Barron’s)
Supply remains the wild card. Micron this week broke ground on an advanced wafer fab at its Singapore NAND complex in a planned investment of about $24 billion over 10 years, with wafer output scheduled to start in the second half of 2028. “Micron’s leadership in advanced memory and storage is enabling the AI-driven transformation reshaping the global economy,” Micron executive vice president Manish Bhatia said. (Micron Technology)
TrendForce analyst Bryan Ao told Reuters that demand for high-performance storage has been growing faster than expected as AI inference expands, and he expects contract prices for enterprise solid-state drives to rise 55% to 60%. (Reuters)
But memory markets turn fast. A pause in cloud spending, or a wave of new supply landing earlier than expected, can pressure flash prices and squeeze margins.
Traders will watch Sandisk’s results after the bell and listen for any change in management’s view on NAND pricing, data-center demand and the 2026 supply outlook.
