Sandisk Corporation Q2 2026 Earnings Call Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Significant Revenue Growth: Sandisk reported Q2 revenue of $3.025 billion, reflecting a 31% sequential increase and a 61% year-over-year rise, surpassing guidance and indicating strong demand in data center and edge computing sectors.
- Product Milestones Achieved: The company successfully qualified PCIe Gen5 high-performance TLC drives at a second hyperscaler, while its BiCS8 QLC storage product is expected to begin shipping within the next few quarters, further solidifying its market position.
- Optimistic Market Outlook: Management guided Q3 revenue between $4.4 billion and $4.8 billion, with non-GAAP gross margins expected between 65% and 67%, reflecting confidence in market supply-demand dynamics and positive growth prospects.
- Strategic Investments and Partnerships: Sandisk extended its joint venture with Kioxia to 2034, involving $1.165 billion in payments from 2026 to 2029, demonstrating strategic decision-making in long-term collaborations and market positioning.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDK is 283.69 USD with a low forecast of 220.00 USD and a high forecast of 410.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 527.630
Low
220.00
Averages
283.69
High
410.00
Current: 527.630
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sandisk Corporation Q2 2026 Earnings Call Highlights
- Significant Revenue Growth: Sandisk reported Q2 revenue of $3.025 billion, reflecting a 31% sequential increase and a 61% year-over-year rise, surpassing guidance and indicating strong demand in data center and edge computing sectors.
- Product Milestones Achieved: The company successfully qualified PCIe Gen5 high-performance TLC drives at a second hyperscaler, while its BiCS8 QLC storage product is expected to begin shipping within the next few quarters, further solidifying its market position.
- Optimistic Market Outlook: Management guided Q3 revenue between $4.4 billion and $4.8 billion, with non-GAAP gross margins expected between 65% and 67%, reflecting confidence in market supply-demand dynamics and positive growth prospects.
- Strategic Investments and Partnerships: Sandisk extended its joint venture with Kioxia to 2034, involving $1.165 billion in payments from 2026 to 2029, demonstrating strategic decision-making in long-term collaborations and market positioning.
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- Earnings Beat Estimates: The company posted earnings of $2.84 per share, exceeding the forecast of $2.66 per share by analysts, reflecting effective management in cost control and profit margins.
- Positive Stock Reaction: Following the earnings report, Apple shares rose 0.5% to $259.68 in after-hours trading, indicating a favorable investor response that may boost market confidence in the short term.
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