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Sndk

All articles tagged with #sndk

markets3 hours ago•22 min saved

Sandisk’s rally accelerates as earnings blowout underscores looming NAND supply crunch

Sandisk posted a standout quarter with revenue guidance nearly 60% above expectations and profit outlook well ahead of estimates, prompting Raymond James to upgrade the stock and flag a potential supply-demand imbalance in NAND that could keep demand outpacing supply for years. The stock jumped around 13% intraday, continuing a multi-year rally since its split from Western Digital.

via MarketWatch|

#earnings #markets #nand-memory

business2 days ago•2 min saved

SanDisk stock rockets after strong Q2 results, extends Kioxia JV through 2034

SanDisk posted Q2 2026 revenue of $3.03B (up 31% QoQ, 61% YoY) with non-GAAP EPS of $6.20 and a gross margin of 51.1%. Datacenter revenue rose 76% and the company guided Q3 revenue of $4.4–$4.8B with non-GAAP EPS of $12–$14. It also extended its joint venture with Kioxia through Dec. 31, 2034 and will pay $1.16B for manufacturing services 2026–2029. In after-hours trading, SNDK jumped about 22% to around $660 following the results and JV news.

via Benzinga|

#business #earnings #kioxia