SanDisk has repositioned as an independent NAND flash supplier for the AI infrastructure sector following its 2025 spin-off from Western Digital. This strategic shift fueled a stock rally exceeding 1,000% over the past year.
The company recently reported quarterly revenue growth of 61%. Earnings per share surged by 404% during the same period.
Shares fell approximately 16% on February 4, 2026, as investors took profits following the sharp post-earnings rally. The stock began to rebound in pre-market trading on February 5, 2026.
Analysts cite sustained demand from AI data centers and tight supply conditions as primary drivers for continued optimism.