Sandisk Corporation reports 251% year-over-year revenue growth in Q3 2026 amid AI-driven NAND flash memory demand surge.
Sandisk Corporation’s stock has rallied as the company benefits from a global NAND flash memory shortage, driven by rising AI data center demand and tight industry supply. Shares traded at $1,642.00 on June 8, with trailing and forward P/E ratios of 60.14 and 27.17, respectively.
Fiscal Q3 2026 revenue jumped 251% year-over-year to $5.95 billion, while gross margins expanded to 78.4%. Non-GAAP earnings reached $23.41 per share, reversing a loss from the prior year. The company’s joint venture with Kioxia ensures competitive positioning in the NAND market, holding roughly 15% global share.
Management’s Q4 guidance suggests continued momentum as NAND pricing remains elevated due to disciplined industry supply growth and underinvestment in prior years.