SanDisk Stock Rockets After Blowing Past Earnings Expectations on Surging AI Memory Demand

SanDisk Stock Rockets After Blowing Past Earnings Expectations on Surging AI Memory Demand

SanDisk Corporation (NASDAQ: SNDK) saw its shares jump sharply this week after reporting outstanding fiscal second-quarter 2026 results and issuing a remarkably strong outlook , driven by robust demand for memory storage from artificial intelligence (AI) data centers and technology infrastructure.  The company reported second-quarter revenue of $3.03 billion , a 31 % increase sequentially and 61 % higher than a year ago , with adjusted earnings per share of $6.20 — significantly above Wall Street expectations. SanDisk also delivered guidance for fiscal third-quarter revenue in the $4.4 billion to $4.8 billion range and adjusted EPS of $12–$14 , far exceeding analyst forecasts.  AI Storage Demand Drives Growth Investors and analysts attribute SanDisk’s outstanding performance to the explosive demand for storage solutions in AI and data center applications . As generative AI and large-scale machine learning models consume massive quantities of data, enterprise SSDs and NAND flash memory — core …