Sandisk 2026 Q1 Earnings Surpasses Expectations with $1.22 EPS and $2.31B Revenue

Sandisk (SNDK) reported fiscal 2026 Q1 earnings on November 8, 2025, , beating estimates of $0.88, , . The company raised its Q2 2026 guidance, projecting revenue between $2.55 billion and $2.65 billion and non-GAAP EPS of $3.00–$3.40.

Revenue

Sandisk’s Q1 revenue surged 22.6% year-over-year to $2.31 billion, driven by strong demand in data center segments. The company noted a 26% sequential increase in data center revenue, attributed to engagements with major hyperscalers. This outperformance reflects robust market conditions and strategic product positioning.

Earnings/Net Income

Non-GAAP diluted EPS reached $1.22, , , . The decline in net income compared to prior-year results was offset by improved gross margins and operational efficiency. , the quarter’s performance highlights Sandisk’s ability to capitalize on high-margin opportunities. The EPS beat indicates strong short-term profitability.

Post-Earnings Price Action Review

Sandisk’s stock price surged 14.9% in the latest trading day, 20.14% for the week, and 81.59% month-to-date, reflecting investor optimism. Analysts raised price targets, with BofA maintaining a Buy rating and a $270 price target. The company’s guidance for Q2 2026, particularly the projected $3.00–$3.40 non-GAAP EPS, further bolstered market confidence. However, , possibly due to valuation concerns, before recovering on strong demand forecasts.

CEO Commentary

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Guidance

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