SanDisk Q3 Revenue Surges 251% to $5.95B with EPS of $23.41
SNDK•SanDisk posted Q3 revenue of $5.95 billion, up 251% year-over-year and topping the $4.73 billion consensus, while adjusted EPS reached $23.41 versus $14.66 estimates. The company announced five multi-year datacenter contracts and forecast Q4 revenue of $7.75-8.25 billion, underscoring a strategic shift toward high-value markets.
1. Q3 Financial Results
SanDisk delivered third-quarter revenue of $5.95 billion, a 251% increase from last year and well above the $4.73 billion analyst consensus. Adjusted earnings per share were $23.41, beating the $14.66 estimate by $8.75.
2. Strategic Shift to Datacenter
CEO David Goeckeler highlighted an inflection point as the company shifts its product mix toward datacenter and AI markets. SanDisk secured five multi-year customer agreements, aiming to enhance pricing stability and margin durability.
3. Q4 Outlook
SanDisk forecasts fourth-quarter revenue of $7.75-8.25 billion and non-GAAP EPS between $30.00 and $33.00. The company expects continued strength from BiCS8-based QLC enterprise SSD ramps, tight NAND supply and AI infrastructure demand to support growth and margins.
