Overview
- Fiscal Q2 revenue reached $3.03 billion with adjusted EPS of $6.20, crushing estimates as profit rose 672% year over year and data‑center sales grew 76%.
- Q3 guidance calls for $4.4 billion to $4.8 billion in revenue and $12 to $14 in adjusted EPS, with expected gross margin of 65% to 67%, well above consensus.
- SanDisk extended its flash‑chip supply agreement with Kioxia through the end of 2034, locking in long‑term capacity from their Japan joint venture.
- Shares climbed roughly 14% to 22% in Friday trading after the report, as analysts raised targets, including Bank of America to $850 and Bernstein to $1,000.
- Executives said demand exceeds available supply and customers favor availability over price, with constraints expected to persist through 2026.