Key Points
-
Rising demand for storage in AI data centers is expected to boost Sandisk’s stock performance in Q2 2026 amid memory market supply constraints.
-
Market research firm TrendForce predicts a 70% to 75% increase in contract prices for NAND flash memory in Q2, contributing to Sandisk’s anticipated earnings growth.
- Sandisk’s non-GAAP earnings for fiscal Q2 2026 are projected at $6.20 per share, significantly up from a loss of $0.30 per share YoY.
Nvidia (NASDAQ: NVDA) shares fell 6.5% in Q1 2026 despite strong demand for AI processors, while Sandisk (NASDAQ: SNDK) stock surged by 167% in the same period. Analysts expect Sandisk’s earnings to increase 64 times YoY in Q4 2026, suggesting it could outperform Nvidia and become the top AI stock this quarter.
The market’s growing demand for Sandisk’s flash storage products, coupled with increased NAND flash prices, positions the company well for robust earnings in Q2, with estimates reaching $12.00 to $14.00 per share for fiscal Q3.
