SanDisk (SNDK) shares climbed more than 4% on Monday. This gain extends a rally triggered by the company’s April 30, 2026, earnings report.
Third-quarter revenue reached $5.95 billion, a 251% increase year-over-year. Earnings per share hit $23.41, significantly exceeding analyst expectations.
The company's data center business grew 233% sequentially. This growth was driven by high demand for flash memory products used in artificial intelligence infrastructure.
SanDisk has operated as an independent entity since spinning off from Western Digital and relisting in February 2025. The company also initiated a $6 billion share repurchase program.