Key Points
Sandisk (NASDAQ: SNDK) experienced a 6.5% increase in stock price by 10:15 a.m. ET on Friday, following strong earnings reports from Intel (NASDAQ: INTC). Intel reported pro forma earnings of $0.29 per share, exceeding expectations of $0.01, alongside sales of $13.6 billion compared to the anticipated $12.4 billion.
Intel’s positive outlook, including a forecasted 5% sales growth for Q2 and a return to GAAP profitability, is expected to benefit Sandisk, which produces memory essential for AI technologies. Analysts have raised Sandisk’s forecast from $14.23 to $14.55 per share ahead of its fiscal Q3 2026 report due on April 30.
Intel’s CEO highlighted a shift in the AI market from training to inference tasks, which could further enhance Sandisk’s prospects as they align with Intel’s performance.
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