New York, Jan 30, 2026, 13:16 EST — Regular session.
- Sandisk shares rose after forecasting profit and revenue well above estimates
- Company also reported a sharp jump in quarterly earnings and sales
- Investors look to management commentary for how long tight flash supply lasts
Sandisk Corp (SNDK.O) shares were up about 9% at $586.80 in afternoon trading on Friday, after touching an intraday high of $675.88.
The data-storage maker lifted its outlook as builders of AI infrastructure buy more capacity and suppliers struggle to keep up. It also extended a key flash-memory supply agreement with Japan’s Kioxia through 2034, pushing out a deadline that had been set to expire in 2029.
Sandisk now expects fiscal third-quarter revenue of $4.40 billion to $4.80 billion and non-GAAP (excluding certain items) diluted net income of $12.00 to $14.00 per share, after a quarter that beat its own targets.
“This quarter’s performance underscores our agility,” CEO David Goeckeler said, pointing to a better product mix and rising enterprise SSD deployments — solid-state drives used in data centers. Datacenter revenue rose 64% from the prior quarter, the company said. SEC
Susquehanna analysts led by Mehdi Hosseini called the guidance “a defining moment” as they lifted their price target to $1,000 from $300, in a note to clients. Moneycontrol
The move has not been confined to Sandisk. But trading was choppy across storage and memory names on Friday: Western Digital fell about 12%, Seagate slid about 8%, and Micron was down around 2%.
Sandisk’s rally comes with the usual caveat for the flash business. NAND flash — the memory chip that underpins most solid-state storage — is cyclical, and a turn in pricing or supply can hit margins quickly.
Another risk is expectations. After a run-up that has forced Wall Street to scramble with target hikes, the stock leaves less room for stumbles in execution, customer ordering, or supply discipline.
Sandisk filed an 8-K on Thursday detailing the quarterly results and attaching its earnings release.
Investors’ next check-in is management’s webcast, scheduled for 4:30 p.m. Eastern, where traders will listen for any hint on how long tight supply and AI-driven ordering can hold.
