Sandisk Enterprise SSD Revenues Surge 76% to $440M; Shares Soar 200%
Sandisk’s fiscal Q2 data-center revenues jumped 76% year over year to $440 million as PCIe Gen5 TLC drives on the BiCS8 node ramp, and its BiCS8 QLC enterprise SSD Stargate is in qualification at two hyperscalers ahead of shipments. Shares climbed 200% in three months, trading at 4.4x revenue.
1. Rapid SSD Revenue Growth
In fiscal second quarter, Sandisk’s data-center revenues rose 76% year over year to $440 million, driven by strong enterprise demand for PCIe Gen5 TLC drives built on the proprietary BiCS8 NAND node and structural AI infrastructure needs.
2. BiCS8 QLC SSD Stargate Advances
Sandisk’s QLC enterprise SSD codenamed Stargate is in qualification at two major hyperscalers, with volume shipments expected in coming quarters. High-bandwidth flash development under customer co-design engagements targets emerging AI compute requirements.
3. Valuation and Share Performance
Shares have climbed over 200% in the past three months as investors favor pure-play NAND exposure. Sandisk trades at approximately 4.42x price-to-sales, versus Micron’s 5.49x, amid consensus EPS forecasts up 809.7% for fiscal 2026.