Sandisk Q2 Revenue Jumps 61%; Goldman Sets $700 Price Target
Sandisk reported Q2 FY26 revenue growth of 61% driven by AI datacenter demand and stronger NAND pricing. Goldman Sachs designated Sandisk as its NAND-focused pick with a $700 12-month target implying roughly 20% upside in a tightening memory market.
1. Q2 FY26 Financial Results
Sandisk reported a 61% year-over-year revenue increase in Q2 FY26, driven by robust AI datacenter demand and improved NAND chip pricing. The surge in revenue underscores strengthening market demand for enterprise-grade storage solutions.
2. Goldman Sachs $700 Price Target
Goldman Sachs selected Sandisk as its NAND-focused pick and set a $700 12-month price target, implying about 20% upside. The firm anticipates 100-120% NAND price gains in 2026 and operating margins exceeding 40% for major producers, supporting upward earnings revisions.
3. Tightening NAND Supply and Demand
Global NAND supply is projected to be undersupplied by roughly 4.2% in 2026, as enterprise SSD usage and AI-related storage needs accelerate. Continued memory market discipline and strong demand are poised to sustain price growth and high margins.