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StocksMediumUpdated•Originally published 4 May 2026•Updated 4 May 2026•

1 min read

Sandisk Achieves Historic Turnaround Driven by AI Datacenter Surge

Key Facts

1Sandisk revenue is poised to grow 70% year-over-year in FY2026, driven by a pivot toward enterprise and datacenter markets.

2Datacenter segment sales surged 126% in 9M 2026, driven by multi-year hyperscaler contracts.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Updated the story to include the stock's record-breaking April performance, where it led the S&P 500 and vastly outperformed NVIDIA.

Sandisk's Q3 earnings review highlights a successful strategic pivot toward AI datacenter markets, triggering a massive rally in its stock price. Shares of Sandisk surged approximately 81% in April, making it the top performer in the S&P 500 and significantly outperforming NVIDIA's 1.8% gain. During this period, SNDK delivered returns more than 45 times those of NVIDIA, fueled by a projected 70% year-over-year revenue increase for FY2026. Datacenter segment sales jumped 126% in the first nine months of 2026, bolstered by multi-year contracts with major hyperscalers. This operational excellence resulted in a financial turnaround from a $1.3 billion loss in FY2025 to a $5.3 billion profit. This performance solidifies Sandisk's position within the AI infrastructure landscape, marking a decisive shift toward high-margin enterprise solutions.