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SanDisk Stock Surges 17% on AI-Driven Storage Demand and Earnings Beat

SanDisk Stock Surges 17% on AI-Driven Storage Demand and Earnings Beat

Author:

Global Cryptocurrency

Published:

2026-01-30 10:42:02

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SanDisk shares soared 17% in pre-market trading after reporting a staggering 672% year-over-year profit increase to $803 million. The data storage specialist crushed analyst expectations with Q2 revenue of $3.03 billion versus $2.69 billion estimates, fueled by explosive 76% growth in data-center revenue.

The company's bullish Q3 guidance of $4.6 billion midpoint revenue nearly doubles Wall Street projections, signaling sustained AI infrastructure demand. SanDisk secured its flash chip supply chain through 2034 via extended partnership with Kioxia Corp, as customers prioritize availability over pricing in the face of inventory shortages.

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