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Q2 revenue hits $3B with 61% growth; Q3 margins expected to rise to 65–67% on strong data center demand.

Company Fundamentals
25 Mar 2026
Seeking Alpha
View Source
Bullish
pluang ai news

SanDisk reported $3.0 billion in revenue for Q2, a 61% increase year-over-year, with profit margins at 51.1%. The company expects Q3 margins to improve further to between 65% and 67%, driven mainly by higher pricing. Demand from data centers surged 64% sequentially, supported by new PCIe Gen5 SSD qualifications and BiCS8 QLC technology ramp-up, indicating strong growth visibility over multiple quarters. Despite industry supply constraints limiting bit growth, robust data center demand supports continued pricing strength, though earnings driven by pricing may risk valuation multiple compression if conditions normalize.

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