Sandisk reports $5.95 billion Q3 revenue, up 251% year-over-year, as AI chip demand fuels growth.
Sandisk (NASDAQ: SNDK) shares have climbed nearly 3,900% over the past year, driven by its pivotal role in AI memory chip production. The company’s NAND flash technology is critical for AI chips, creating a supply bottleneck that has accelerated revenue growth.
Third-quarter revenue reached $5.95 billion, a 251% year-over-year increase and 97% sequential growth. Sandisk expects $8 billion in Q4 revenue at the midpoint, signaling sustained momentum. The results mirror Nvidia’s early AI-driven growth trajectory.
Investors have taken notice, pushing shares up 400% year-to-date as AI adoption expands. The company’s fundamentals support the rally, with multiple quarters of strong sequential growth.