Sandisk, a developer of flash-memory storage solutions, was formerly part of Western Digital but became an independent entity after its spin-off in February 2025. The company emerged as the best performer in the S&P 500 last year and continues its exceptional growth trajectory into 2026, driven by high demand for NAND flash-based memory for data center and AI applications.
In its fiscal Q2 report, Sandisk reported earnings of $6.20 per share, a 75.1% surprise over the $3.54 consensus estimate, with revenue hitting $3.03 billion—a 61% year-over-year increase. Looking ahead to Q3, analysts estimate earnings to grow to $13.68 per share, reflecting a remarkable potential growth rate of 4,660%. Revenue projections for the quarter are expected to range between $4.5 billion and $4.6 billion, nearly a 170% improvement from the previous year.
Sandisk’s solid positioning in the AI memory sector has garnered it a Zacks Rank of #1 (Strong Buy), with continuous upward revisions in earnings estimates. The company is scheduled to report its Q3 results after the market closes on April 30th, 2026.
