On April 27, SanDisk (SNDK) rose 3.26% pre-market, trading at $1,022.11/share with trading volume of $232 million, extending its rally after breaching the $1,000 milestone earlier in the week.
The continued upward momentum is underpinned by multiple catalysts. SanDisk was officially added to the Nasdaq 100 Index on April 20, affirming its core position in the global data storage and semiconductor space. The company's fiscal Q2 2026 results significantly exceeded expectations, with revenue reaching $3.025 billion, up 61% year-over-year, GAAP net income of $803 million surging 672%, and GAAP gross margin expanding 18.6 percentage points to 50.9%. For the first half of fiscal 2026, total revenue hit $5.333 billion (+41.87% YoY) with net income of $915 million (+190.48% YoY). Analysts project full-year fiscal 2026 net income of $4.8–5.5 billion, or approximately $38–43 per share. Sector peers Western Digital and Seagate also traded higher pre-market, up 2.57% and 2.51% respectively, reflecting broad-based strength in the AI-fueled storage chip super cycle.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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