Sandisk (SNDK) Soars 9% Ahead of Earnings, Revenues to More-Than-Double

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks Outperforming Wall Street with Outsized Gains.

Sandisk extended gains for a second day on Wednesday, surging 9.03 percent to close at $692.73 apiece, as investors loaded portfolios ahead of its next earnings outcome, with revenues expected to more than double.

In a notice to investors, Sandisk Corp. (NASDAQ:SNDK) said that it would announce its financial and operating highlights for the third quarter of fiscal year 2026 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.

Earnings aside, Sandisk Corp. (NASDAQ:SNDK) earlier this year partnered with SK hynix for the standardization of High Bandwidth Flash, a next-generation memory solution designed for the AI inference era.

According to the company, the AI industry is now seen shifting from training, which focuses on creating Large Language Models (LLMs), to inference, which delivers actual AI services to users.

Unlike training, inference runs continuously as models generate answers and predictions across millions of devices, making workloads memory bandwidth and capacity hungry and increasingly power constrained.

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