SanDisk’s revenue jumped 251% year-over-year to $5.95 billion in Q3, driven by soaring NAND flash memory chip demand.
SanDisk’s stock has climbed over 4,900% in the past year, turning a $1,000 investment into more than $50,000. The surge follows a 251% year-over-year revenue increase to $5.95 billion in its fiscal third quarter, fueled by strong demand for NAND flash memory chips used in data centers.
The company’s gross margin also expanded significantly, rising from 22.7% a year ago. Revenue nearly doubled sequentially, reflecting a supply shortage that allowed SanDisk and peers to raise prices. The AI-driven data center build-out has further boosted demand for its storage products.
Investors are weighing whether the stock’s rapid ascent leaves room for further gains or if the rally has peaked amid shifting supply dynamics.