SanDisk (SNDK) stock rose Thursday following a 16% decline in the previous session. Investors attributed Wednesday’s selloff to profit-taking after a significant rally. The stock’s initial momentum followed an exceptional second-quarter fiscal 2026 earnings report released on January 29.
SanDisk reported quarterly revenue of $3.03 billion. Earnings per share reached $6.20, exceeding analyst estimates. AI data center demand for flash memory continues to drive company performance. Management expects a supply-demand imbalance to persist through 2026.
SanDisk issued third-quarter revenue guidance between $4.4 billion and $4.8 billion. The company projects third-quarter EPS between $12 and $14. Wall Street analysts maintained positive outlooks, with several firms reiterating Buy ratings and increasing price targets.
Analysts cited SanDisk’s role in AI infrastructure and pricing power as primary growth drivers. Goldman Sachs noted that a basket of high-momentum stocks, including SanDisk, experienced its worst session in years on Wednesday.