SanDisk reported quarterly revenue of $8.97 billion, a 4.7x increase from the $1.9 billion posted in the same quarter last year, significantly exceeding analyst expectations. Adjusted earnings per share came in at $39.25, also beating estimates of $34.45. CEO David Goeckeler highlighted that AI-driven demand has fundamentally shifted dynamics with major clients, who now prefer multi-year supply agreements over per-gigabyte price negotiations. The company now enjoys over four years of demand visibility. Despite these exceptional results, the stock fell 5.4% to $1,350.50, illustrating the volatility of a stock that had already surged 3,200% in one year.
Source: Read the original article
