Sandisk (SNDK) Joins Nasdaq 100; Soars 50% Month-to-Date

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks With Eye-Popping Gains.

Sandisk soared to a fresh all-time high on Monday, propelling its share price month-to-date by already 50 percent, as investors loaded portfolios ahead of its inclusion in the Nasdaq 100.

Nasdaq announced late Friday that Sandisk Corp. (NASDAQ:SNDK) is set to replace Atlassian Corp. in the index of top 100 non-financial companies listed on the Nasdaq exchange beginning Monday, April 20.

Photo from Sandisk’s website

Following the news, the stock climbed to its highest price of $953.41 before trimming gains to finish the session just up by 11.83 percent at $952.50.

Newly-included stocks in benchmark indices typically see a boost in their share prices prior to the effective date of their inclusion, as funds would have to reposition their portfolios to mirror the composition of the index.

Sandisk Corp.’s (NASDAQ:SNDK) inclusion came ahead of the results of its earnings performance for the third quarter of fiscal year 2026.

According to the company, it is scheduled to release the financial and operating highlights after market close on Thursday, April 30. A conference call will be held to discuss the results.

For the said period, Sandisk Corp. (NASDAQ:SNDK) is expected to report $4.4 billion to $4.8 billion in revenues, or an implied growth of 159 percent to 182 percent from the $1.7 billion reported in the same quarter a year earlier.

Non-GAAP diluted net income per share is expected to be $12 to $14, or a reversal of the $0.30 loss per share a year earlier.

Gross margin, on the other hand, is projected at 64.9 percent to 66.9 percent.

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