Sandisk posts huge revenue growth and margins fueled by AI, with strong outlook despite a 3,000% rally.

Sandisk Corporation reported explosive Fiscal Q3 results with triple-digit revenue growth, soaring profit margins surpassing even Nvidia, and large free cash flow driven by AI demand. Multi-year contracts and financial guarantees are making the business more stable and less cyclical than before. Despite a 3,000% rally in its stock price, Sandisk's valuation remains reasonable, though the stock is recommended as a high-momentum trade rather than a long-term hold. Analysts see room for continued earnings growth amid supply constraints and rising estimates.