Overview
- Fiscal Q2 revenue reached $3.03 billion with adjusted EPS of $6.20, topping analyst estimates by wide margins.
- SanDisk guided Q3 revenue to $4.4–$4.8 billion and adjusted EPS to $12–$14, with gross margins projected at 65%–67%, well ahead of consensus.
- Data‑center revenue rose 76% year over year and 64% sequentially as CEO David Goeckeler said customers are prioritizing supply over price for AI inference buildouts.
- To secure long‑term flash output, SanDisk extended its Kioxia supply agreement through 2034, preserving joint‑venture manufacturing capacity in Japan.
- Shares jumped roughly 14% intraday after a premarket gain above 20%, while brokers lifted targets, including Bernstein to $1,000 and Bank of America to $850.