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Sandisk posts 252% revenue surge in Q3 2026, boosts buyback and guidance

Company Fundamentals
01 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Sandisk Corporation reported an exceptional Q3 2026 with revenue rising 252% year-over-year and an adjusted gross margin of 78.4%, surpassing expectations. The growth is driven by a focus on high-value data center SSDs, strong operating leverage, and multi-year customer contracts. Management projects Q4 revenue between $7.75 billion and $8.25 billion, EPS of $30 to $33, and authorized a $6 billion share buyback while maintaining zero debt. Upcoming product launches and long-term supply deals are expected to sustain growth and reduce market cyclicality risks, supporting a strong buy rating with a $1,626 price target.

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