SNDK is trading at $666 (+23%) following a significant rally driven by yesterday's Q2 FY26 earnings release, which crushed analyst expectations and bucked the broader market decline.
- Sandisk reported $3.03B revenue (up 61% YoY, beating $2.67B estimates) and $6.20 non-GAAP EPS (vs. $2.94 expected).
- The company guided Q3 revenue to a strong $4.6B midpoint, supported by datacenter revenue growth of 64% sequentially to $440M.
- This positive reaction is hitting today despite the S&P 500 being down 0.25% and NASDAQ down 0.38%, highlighting the earnings strength overriding market pressures.