Sandisk's Q3 Earnings: The Market Is Still In Denial (Review)
Sandisk Corporation reported strong Q3 2026 earnings, with revenue increasing 252% year-over-year and adjusted gross margin reaching 78.4%, surpassing market expectations. The company's growth is attributed to its strategic focus on high-value data center SSDs and favorable long-term customer contracts. Despite the positive results, the market has not fully recognized the company's valuation, according to the analysis.
- ▪Sandisk Corporation's Q3 2026 revenue rose 252% year-over-year, significantly exceeding analyst expectations.
- ▪Adjusted gross margin for the quarter reached 78.4%, reflecting strong pricing power and operational efficiency.
- ▪The company guided for Q4 revenue between $7.75 billion and $8.25 billion and EPS in the range of $30 to $33.
- ▪Sandisk announced a $6 billion share buyback authorization while maintaining a zero-debt balance sheet.
- ▪Growth is driven by a strategic shift toward data center SSDs and multi-year customer agreements with firm financial commitments.
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