SanDisk Delivers Strong Q1 FY26 Earnings, Shares Rise 10% in After-Hours Trading

SanDisk reported Q1 FY26 earnings, beating estimates with $1.22 in adjusted EPS and $2.31 billion in revenue. The company's net income surged to $112 million from a $23 million net loss in the prior quarter, with operating cash flow reaching $488 million. The Datacenter and Edge segments expanded 26% sequentially, while Consumer storage rose 11%. Management guided Q2 revenue to $2.55 billion to $2.65 billion and non-GAAP EPS of $3.00 to $3.40, suggesting sustained momentum.