One of the hottest stocks of 2026 is extending its record run.
Sandisk blew away second-quarter earnings expectations and delivered strong third-quarter revenue guidance. The flash storage memory company reported 64% growth in its data center business.
Shares of Sandisk (NASDAQ:SNDK) jumped 24% on Friday after the data storage maker posted quarterly results that crushed expectations and issued a forecast far above Wall Street estimates, driven by strong demand for NAND products tied to artificial intelligence infrastructure and data centres. The rally lifted Sandisk's gains since its market debut to about 1,755%.
SNDK stock soars 22.19% after fiscal Q2 earnings and revenues crush estimates, fueled by datacenter and edge strength.
Analysts say Sandisk might wind up being sold out of storage products for years due to a widening gulf between supply and demand.
Sandisk Corporation (SNDK) Q2 2026 Earnings Call Transcript
Sandisk on Thursday predicted profits and sales well above Wall Street estimates and extended a major supply agreement, riding a surge in artificial-intelligence-driven demand for data storage.
The storage maker's revenue guidance was almost 60% higher than the Wall Street consensus and profit guidance was more than double that analysts had expected.
Seagate Technology ( NASDAQ:STX ) reported its fiscal second-quarter 2026 earnings yesterday, and the results beat Wall Street expectations on both revenue and earnings per share.
Sandisk (NASDAQ: SNDK) stock, in its latest iteration, has been among the top-performing assets of 2025, as, at its initial public offering (IPO) in February of the previous year, the company was being sold at $38.50, while, at press time on January 28, 2026, Sandisk stock is trading at $508.
SanDisk shares have been melting higher over recent months as its role in the broader AI frenzy finally comes into focus. The company helps headline an already-packed earnings docket this week, with massive growth forecasted for its broader current fiscal year.
SNDK eyes fiscal Q2 gains as BiCS8 tech, edge growth, and AI-driven SSD demand fuel momentum ahead of earnings.