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Sandisk Posts Strong Profit, Upbeat Outlook on Growing AI Demand

Bloomberg Technology Thursday 29 October 2026, 21:06 UTC By Rachel Phua 1 min read
Key Points

Sandisk Posts Strong Profit, Upbeat Outlook on Growing AI Demand Sandisk Corp. posted stronger-than-expected results and guidance as the data center buildout drove demand and a memory supply crunch kept prices elevated. The flash memory maker expects revenue between $12.20 billion and $12.60 billion for the fiscal second quarter, ahead of analyst estimates of $12.1 billion. First-quarter sales, adjusted earnings per share and adjusted gross margin all exceeded expectations.

Sandisk Posts Strong Profit, Upbeat Outlook on Growing AI Demand Sandisk Corp. posted stronger-than-expected results and guidance as the data center buildout drove demand and a memory supply crunch kept prices elevated. The flash memory maker expects revenue between $12.20 billion and $12.60 billion for the fiscal second quarter, ahead of analyst estimates of $12.1 billion. First-quarter sales, adjusted earnings per share and adjusted gross margin all exceeded expectations.
Sandisk Posts Strong Profit (ORG) Upbeat Outlook (ORG) Growing AI Demand Sandisk Posts Strong Profit (ORG) Growing AI Demand Sandisk Corp. (ORG)
Originally published by Bloomberg Technology Read original →

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