--- title: "AI drives explosive demand for storage, SanDisk's performance greatly exceeds expectations, stock price rises nearly 15% in after-hours trading | Earnings Report Insights" description: "Memory industry player SanDisk announced its financial results after the market closed on Thursday, showing significant growth in profits and revenue for the second fiscal quarter of fiscal year 2026." type: "news" locale: "en" url: "https://longbridge.com/en/news/274222270.md" published_at: "2026-01-29T21:58:01.000Z" --- # AI drives explosive demand for storage, SanDisk's performance greatly exceeds expectations, stock price rises nearly 15% in after-hours trading | Earnings Report Insights > Memory industry player SanDisk announced its financial results after the market closed on Thursday, showing significant growth in profits and revenue for the second fiscal quarter of fiscal year 2026. The performance not only greatly exceeded Wall Street expectations but also significantly surpassed the guidance previously provided by the company, causing its stock price to surge nearly 15% in after-hours trading. Analysts noted that the expanding applications of artificial intelligence have led to a continuous rise in demand for data storage, driving the company's strong performance Memory industry player Sandisk announced its financial results after the market closed on Thursday, showing significant growth in profits and revenue for the second quarter of fiscal year 2026. The performance not only exceeded Wall Street expectations but also significantly surpassed the company's previous guidance, causing the stock price to surge nearly 15% in after-hours trading. Analysts noted that the expanding applications of artificial intelligence (AI) have led to a continuous rise in demand for data storage, driving the company's strong performance. Here are the key points from Sandisk's financial report: **Key Financial Data:** > **Revenue:** On a GAAP basis, revenue for the second quarter of fiscal year 2026 was $3.025 billion, higher than analysts' expectations of $2.69 billion and the company's guidance range of $2.55 billion to $2.65 billion. This compares to $1.876 billion in the same quarter of fiscal year 2025, representing a year-over-year increase of 61%. On a non-GAAP basis, revenue also grew 61% year-over-year. > > **Gross Margin:** GAAP gross margin was 50.9%, compared to 32.3% in the same quarter of fiscal year 2025, an increase of 18.6 percentage points. Non-GAAP gross margin was 51.1%, compared to 32.5% in the same quarter of fiscal year 2025, also an increase of 18.6 percentage points. > > **Operating Profit:** GAAP operating profit was $1.065 billion, compared to $195 million in the same quarter of fiscal year 2025, a year-over-year increase of 446%. Non-GAAP operating profit was $1.133 billion, compared to $233 million in the same quarter of fiscal year 2025, a year-over-year increase of 386%. > > **Net Profit:** GAAP net profit was $803 million, compared to $104 million in the same quarter of fiscal year 2025, a year-over-year increase of 672%. Non-GAAP net profit was $967 million, compared to $178 million in the same quarter of fiscal year 2025, a year-over-year increase of 443%. > > **Earnings Per Share:** GAAP diluted earnings per share were $5.15, compared to $0.72 in the same quarter of fiscal year 2025, a year-over-year increase of 615%. Non-GAAP diluted earnings per share were $6.20, exceeding analysts' expectations of $3.62 and also higher than the company's previous adjusted earnings per share guidance range of $3.00 to $3.40. This compares to $1.23 in the same quarter of fiscal year 2025, a year-over-year increase of 404%. **** **Segment Data:** > **Data Center Business:** In the second quarter of fiscal year 2026, revenue from the data center business was $440 million, up from $269 million in the previous quarter, a quarter-over-quarter increase of 64%; compared to $250 million in the same quarter of fiscal year 2025, a year-over-year increase of 76%. > > **Edge Market Revenue:** Edge market revenue was $1.678 billion, up from $1.387 billion in the previous quarter, a quarter-over-quarter increase of 21%; compared to $1.028 billion in the same quarter of fiscal year 2025, a year-over-year increase of 63% > > **Consumer Market Revenue:** Consumer market revenue was $907 million, compared to $652 million in the previous fiscal quarter, a quarter-on-quarter increase of 39%; for the same period in fiscal year 2025, it was $598 million, a year-on-year increase of 52%. **** **Performance Guidance:** > **Revenue:** The company expects revenue for the third fiscal quarter of fiscal year 2026 to be between $4.4 billion and $4.8 billion. The revenue guidance range is consistent under both GAAP and non-GAAP measures. > > **Gross Margin:** The GAAP gross margin is expected to be between 64.9% and 66.9%, while the non-GAAP gross margin is expected to be between 65.0% and 67.0%. > > **Earnings Per Share:** No diluted earnings per share guidance is provided under GAAP; under non-GAAP, diluted earnings per share are expected to be between $12.00 and $14.00. The company stated that as technology companies deploy artificial intelligence on a large scale, demand related to data centers has been significantly driven, with data center business revenue increasing by 64% compared to the first fiscal quarter. SanDisk CEO David Goeckeler stated: > “This quarter's performance highlights our execution capabilities in optimizing product structure, accelerating enterprise SSD deployment, and strengthening market demand momentum. At the same time, the market is increasingly recognizing the critical role our products play in supporting artificial intelligence and the operation of the global technology ecosystem. Through structural adjustments, we have aligned supply with attractive and sustainable demand, enabling us to achieve disciplined growth and deliver industry-leading financial performance.” Due to performance exceeding expectations, SanDisk's stock price rose nearly 15% in after-hours trading on Thursday, although the gains subsequently narrowed. ### Related Stocks - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) - [XSD.US - SPDR S&P Semicon](https://longbridge.com/en/quote/XSD.US.md) - [FTXL.US - First Trust Nasdaq Food & Semicon](https://longbridge.com/en/quote/FTXL.US.md) - [SOXQ.US - Invesco PHLX Semiconductor ETF](https://longbridge.com/en/quote/SOXQ.US.md) - [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md) - [SNDK.US - Sandisk](https://longbridge.com/en/quote/SNDK.US.md) - [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 华尔街大佬 Tepper 押注 AI：美光持仓激增 200%，新买韩国 ETF | 对冲基金大佬 Tepper 去年四季度精准狙击 AI 芯片赛道，豪掷逾 6 亿美元重仓美光科技和韩国芯片 ETF，今年已斩获约 30% 回报。全球内存短缺叠加 AI 算力狂潮，其芯片押注与软件股暴跌形成冰火两重天。 | [Link](https://longbridge.com/en/news/276213747.md) | | 三星、海力士 “调整战略”：新存储工厂生产计划提前 | SK 海力士计划将其龙仁一期晶圆厂的试运行时间提前至明年 2-3 月，三星电子将平泽 P4 工厂的投产时间从明年一季度提前至今年四季度，生产规划前移约三个月。调整源于 AI 数据中心扩张导致供应严重短缺，主要客户需求满足率仅 60%。市场普 | [Link](https://longbridge.com/en/news/276302716.md) | | 闪迪启动 30.8 亿美元二级市场股票发行 | 闪迪于 2 月 17 日宣布启动 30.8 亿美元的二级市场股票发行，涉及现有股东出售股份。西部数据将通过股权方式处置对闪迪的债权，具体债务规模和交易细节尚未披露。投资需谨慎，本文不构成个人投资建议。 | [Link](https://longbridge.com/en/news/276180619.md) | | 黄仁勋预告 “前所未见” 的芯片新品，下一代 Feynman 架构或成焦点 | 黄仁勋预告今年的 GTC 大会上发布” 世界从未见过” 的全新芯片产品，分析认为新品可能涉及 Rubin 系列衍生产品或更具革命性的 Feynman 架构芯片，市场预期 Feynman 架构将针对推理场景进行深度优化。 | [Link](https://longbridge.com/en/news/276310964.md) | | AI 需求推动，日本存储巨头铠侠 Q3 净利润 878.1 亿日元，全年盈利预期超市场 60% \| 财报见闻 | 日本存储巨头铠侠 Q3 净利润 878.1 亿日元，营业收入与净利润目标较分析师预测高出约 35% 至 60%。受益于 AI 驱动的数据中心及企业级服务器需求爆发，NAND 闪存市场已步入强劲复苏周期，供需格局反转推动产品价格显著上涨，公司 | [Link](https://longbridge.com/en/news/275712926.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.