Image Source: Zacks Investment Research <\/p>\n
SNDK’s Solid Outlook Highlights Strength of AI Memory Cycle\u00a0 <\/p>\n
Sandisk’s shares are hovering near their recent intra-day highs as robust demand for the company’s AI-related memory solutions, combined with a supply crunch situation, is leading to strong pricing power and improved growth prospects.\u00a0\u00a0 <\/p>\n
For the third quarter of fiscal 2026, Sandisk reported revenues of $5.95 billion, up 97% sequentially and surpassing its own guidance, according to investor.sandisk.com. Sandisk further expects revenues of $7.75 billion to $8.25 billion for the fourth quarter of fiscal 2026, reflecting continued strong momentum, driven by its focus on high-value customers in the expanding data center market.\u00a0 <\/p>\n
The strategic multi-year, high-value New Business Model agreements are expected to strengthen Sandisk’s customer retention capability, improve revenue visibility and support a durable growth trajectory. The company reported non-GAAP EPS of $23.41 for the fiscal third quarter and expects it to increase to $30-$33 in the fiscal fourth quarter, signaling sustained sequential growth momentum. <\/p>\n
Consequently, the company’s expected earnings growth rate for the current year is an exceptional 2096.7%. The Zacks Consensus Estimate of $65.68 for SNDK’s EPS is up 1072.9% year over year. <\/p>\n
Image Source: Zacks Investment Research <\/p>\n Both Micron and Sandisk sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. <\/p>\n Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report<\/a> <\/p>\n Micron Technology, Inc. (MU) : Free Stock Analysis Report<\/a> <\/p>\n Sandisk Corporation (SNDK) : Free Stock Analysis Report<\/a> <\/p>\n This article originally published on Zacks Investment Research (zacks.com).<\/a> <\/p>\n<\/a> Zacks Investment Research <\/p>\n