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Sandisk Stock Skyrockets on Blockbuster Earnings
30 Jan
Summary
- Sandisk's adjusted earnings surged 404% year-over-year.
- Data center sales, crucial for AI, climbed 76% year-over-year.
- The company forecast strong future earnings, exceeding expectations.
Memory-chip maker Sandisk reported outstanding fiscal second-quarter results, causing its stock to soar in after-hours trading on January 30, 2026. The company announced adjusted earnings of $6.20 per share on $3.03 billion in sales, substantially surpassing analyst expectations.
This performance marks a remarkable year-over-year surge, with adjusted earnings jumping 404% and sales increasing by 61%. A significant contributor to this growth was the robust demand from data centers, which are pivotal for the expanding AI sector. These sales climbed 76% compared to the previous year, reaching $440 million as technology firms continue substantial investments in AI infrastructure.
Looking forward, Sandisk provided an optimistic forecast for the fiscal third quarter, projecting adjusted earnings of $13 per share on $4.6 billion in revenue. This outlook significantly outpaces Wall Street's estimates, indicating continued positive momentum for the company. CEO David Goeckeler attributed the quarter's success to agility in product mix, increased enterprise SSD deployments, and strengthening market demand, especially given the critical role Sandisk's products play in powering AI technologies.
