NasdaqGS:SNDKTech
Why Sandisk (SNDK) Is Up 22.2% After Record AI-Fueled Earnings And $6 Billion Buyback Authorization
In late April 2026, Sandisk Corporation reported a sharp turnaround to quarterly net income of US$3.62 billion on sales of US$5.95 billion and issued fourth-quarter 2026 revenue guidance of US$7.75 billion to US$8.25 billion, alongside authorizing up to US$6.00 billion in share repurchases funded from operating cash flow.
The earnings jump was fueled by surging NAND flash demand for AI and data center workloads, reinforced by multi-year supply contracts that aim to smooth out the company’s...