Sandisk Q3 Revenue Rises 251%, Datacenter Revenue Triples to $1.47 B
SNDK•Sandisk reported Q3 revenue of $5.95 billion, up 251% year-over-year, and adjusted EPS of $23.41, driven by a 97% rise in datacenter segment revenue to $1.47 billion. It forecast Q4 revenue of $7.75 billion–$8.25 billion and EPS of $30–$33, topping consensus $6.49 billion and $22.70.
1. Q3 Financial Results
Sandisk achieved third-quarter revenue of $5.95 billion, a 251% increase year-over-year, and delivered adjusted earnings per share of $23.41, significantly surpassing analyst expectations of $14.66. This performance reflects robust enterprise solid-state drive sales and pricing gains across its portfolio.
2. Datacenter Segment Growth
The company’s datacenter segment revenue soared 97% to $1.47 billion, propelled by strong demand for high-performance flash storage in AI data centers and constrained NAND supply that supported higher average selling prices.
3. Fourth-Quarter Outlook
Sandisk projects Q4 revenue between $7.75 billion and $8.25 billion and adjusted EPS of $30–$33, compared with consensus estimates of $6.49 billion and $22.70. Management cites a strategic shift toward high-value end markets, led by enterprise data center solutions.
4. Market Reaction and Context
Despite a 350% year-to-date share gain, Sandisk’s stock dipped about 6% in after-hours trading as investors sought stronger upside surprises. The sell-off underscores market expectations for continued ‘wow’ factors in AI-driven storage demand.
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