|
|
|
|
|||||
|
|
|
New: Instantly spot drawdowns, dips, insider moves, and breakout themes across Maps and Screener.
The artificial intelligence (AI) data center boom is driving sales of high-end storage solutions.
Sandisk is racing to meet the insatiable need for its products.
Shares of Sandisk (NASDAQ: SNDK) climbed on Friday after the data storage device maker announced a blockbuster earnings report.
By the close of trading, Sandisk's stock price was up more than 6% after rising as much as 25.5% earlier in the day.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Sandisk.
Sandisk's revenue surged 61% year over year to $3 billion in its fiscal second quarter, which ended on Jan. 2.
Cloud computing giants are racing to secure the high-performance data storage systems they need for their artificial intelligence (AI) factories. With demand outstripping available supply, Sandisk has been able to raise prices without sacrificing sales.
The memory card manufacturer's gross margin jumped a whopping 18.6 percentage points to 51%.
"The critical role that our products play in powering AI and the world's technology is being recognized," CEO David Goeckeler said in a press release.
All told, Sandisk's adjusted net income rocketed 443% higher to $967 million, or $6.20 per share. That far surpassed analysts' estimates, which had called for adjusted per-share profits of $3.54.
Sandisk guided for third-quarter revenue of $4.4 billion to $4.8 billion, with adjusted earnings per share of $12 to $14.
"Our structural reset to align supply with attractive, sustained demand positions us to drive disciplined growth and deliver industry-leading financial performance," Goeckeler said.
Before you buy stock in Sandisk, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sandisk wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $448,476!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,180,126!*
Now, it’s worth noting Stock Advisor’s total average return is 945% — a market-crushing outperformance compared to 197% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of January 30, 2026.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 | |
| Jan-30 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite