SNDK

AI Research

Stock +132% YTD → AI Memory Supercycle Drives Q3 Revenue Guidance of $4.4-4.8B

SanDisk, recently spun off as a standalone entity, has surged 132% year-to-date driven by explosive AI-driven NAND demand, with some sources citing gains as high as 158% YTD amid an AI memory supercycle. Management guided Q3 2026 revenue of $4.4-4.8 billion, gross margin of 65-67%, and EPS of $12-14, capitalizing on 75-100 exabytes of projected AI storage demand by 2027. The stock also gained momentum from Nvidia's GTC 2026 AI memory hierarchy announcement and Micron's Taiwan fab expansion, though the pace of gains and a secondary offering raise sustainability concerns.