SanDisk surges on better-than-expected Q3 forecast, Q2 results

Shares of data storage firm SanDisk SNDK.O up 19.3% at $643.76 premarket

Co forecasts Q3 revenue and profit well above Wall Street estimates, boosted by AI‑driven demand for flash storage

Expects Q3 revenue between $4.4 billion and $4.8 billion, above analysts' average estimate of $2.77 billion, according to data compiled by LSEG

Projects Q3 adj. EPS of around $14 vs. estimate of $4.37

Tight global flash storage supplies and rising AI inference workloads are prompting customers to prioritize securing supply over price: CEO David Goeckeler

SNDK posts Q2 revenue of $3.3 billion and adj. EPS of $6.20, topping analysts' average estimates of $2.64 billion and $3.33, respectively

As of last close, SNDK has risen nearly fourteen-fold since its debut on Nasdaq in February 2025