Q2 26 EPS
$6.20
BEAT +74.97%
Est. $3.54
Q2 26 Revenue
$3.03B
BEAT +12.54%
Est. $2.69B
vs S&P Since Q2 26
+96.0%
BEATING MARKET
SNDK +100.1% vs S&P +4.1%
Market Reaction
Did SNDK Beat Earnings? Q2 2026 Results
SanDisk delivered a blowout fiscal second quarter, posting non-GAAP EPS of $6.20 against a Wall Street consensus of $3.54, a beat of nearly 75%, while revenue of $3.02 billion topped estimates by 12.54% and climbed 61.3% year-over-year, marking one o… Read more SanDisk delivered a blowout fiscal second quarter, posting non-GAAP EPS of $6.20 against a Wall Street consensus of $3.54, a beat of nearly 75%, while revenue of $3.02 billion topped estimates by 12.54% and climbed 61.3% year-over-year, marking one of the most decisive quarters in the company's brief history as a standalone public entity. The standout driver was an explosive surge in the Datacenter end market, which jumped 76% year-over-year to $440 million as AI infrastructure builders and hyperscalers accelerated NAND flash deployments at scale, a dynamic analysts have linked to a structural memory shortage unlikely to ease before 2028. Broad-based demand recovery reinforced the story, with the Edge segment contributing $1.68 billion and Consumer adding $907 million. The company's growth trajectory shows little sign of slowing: SanDisk guided fiscal Q3 revenue to a range of $4.40 billion to $4.80 billion, with non-GAAP EPS projected between $12.00 and $14.00 and gross margins expected to expand sharply to 65%–67%.
Key Takeaways
- • Strong adoption among AI infrastructure builders, semi-custom customers, and technology companies deploying AI at scale driving Datacenter revenue up 64% sequentially
- • Better product mix and accelerating enterprise SSD deployments
- • Strengthening market demand dynamics across all end markets
- • Structural reset to align supply with attractive, sustained demand
- • Significant gross margin expansion of 21.1 percentage points sequentially
SNDK YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
SNDK Revenue by Segment
With YoY comparisons, source: SEC Filings
“This quarter's performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD deployments, and strengthening market demand dynamics, all at a time when the critical role that our products play in powering AI and the world's technology is being recognized.”
— David Goeckeler, Q2 2026 Earnings Press Release
SNDK Earnings Trends
SNDK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SNDK EPS Trend
Earnings per share: estimate vs actual
SNDK Revenue Trend
Quarterly revenue: estimate vs actual
SNDK Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $23.41 | — | $5.95B | +25.68% |
| Q2 26 BEAT | $3.54 | $6.20 | +74.97% | $3.03B | +12.54% |
| Q1 26 BEAT | $0.89 | $1.22 | +37.08% | $2.31B | — |
| Q4 25 BEAT FY | $0.03 | $0.29 | +866.67% | $1.90B | — |
| FY Full Year | $2.19 | $2.99 | +36.37% | $7.36B | +4.05% |
| Q3 25 BEAT | $-0.39 | $-0.30 | +23.72% | $1.70B | +3.99% |