NasdaqGS:SNDKTech
Why Sandisk (SNDK) Is Up 21.6% After AI-Driven Beat And Extended Kioxia Capacity Pact
In late January 2026, Sandisk reported past second-quarter results showing sharply higher sales and profits and issued upbeat third-quarter revenue guidance, citing intense AI-driven demand for its NAND flash and enterprise SSD products.
On the same day, Kioxia Corporation and Sandisk announced they had extended their long-running Yokkaichi and Kitakami flash-memory joint venture agreements through 2034, with Sandisk committing US$1.17 billion in staged payments to secure long-term...