SanDisk Stock Rallies 6% After Seagate Projects Q4 Revenue of $3.45B
SanDisk shares jumped 6% in premarket trading after Seagate projected Q4 revenue of $3.45 billion versus a $3.16 billion consensus and adjusted EPS of $5.00 versus $3.97. The forecast highlights robust enterprise AI infrastructure spending fueling exponential data growth and surging demand for high-bandwidth memory and hard drives.
1. Industry Reaction to Seagate Forecast
Data storage stocks rallied after Seagate projected Q4 revenue of $3.45 billion, well above the $3.16 billion consensus, and adjusted EPS of $5.00 versus $3.97. Western Digital climbed 9.7% and Micron added nearly 3%, signaling broad investor confidence in continued enterprise investment in AI infrastructure.
2. Implications for SanDisk
SanDisk’s 6% premarket surge reflects expectations of sustained demand for its SSD and NAND products as companies accelerate AI model deployments. The outlook points to tighter high-bandwidth memory supplies and growing enterprise spending on physical storage solutions, which could support SanDisk’s near-term revenue growth.