SanDisk Rallies 7.4% as Analysts Re-rate $93.9 Billion of Committed NAND Revenue
Updated
Updated · Trefis · Aug 17
SanDisk Rallies 7.4% as Analysts Re-rate $93.9 Billion of Committed NAND Revenue
3 articles · Updated · Trefis · Aug 17
Summary
SanDisk gained 7.4% Friday after analysts upgraded their view of the company’s revenue visibility, a day after its investor day had already driven a 13.7% jump.
Eight multi-year Datacenter and Edge agreements now cover more than 50% of fiscal 2027 bits and about two-thirds of fiscal 2028, locking in at least $93.9 billion of revenue at floor pricing.
That visibility reflects a sharp mix shift: Datacenter rose from about 12% of SanDisk’s bits a year ago to 38% exiting fiscal 2026, driven by enterprise SSD demand tied to AI inference workloads.
Management still guided fiscal Q1 2027 non-GAAP gross margin to 83% to 85%, slightly below fiscal Q4 2026’s 84.6%, underscoring that steadier multi-year pricing can cap some cyclical upside.
The move also came amid a broader storage rally—Seagate rose 5.7%, Western Digital 4.4% and Micron 2.3%—but SanDisk’s contracted output gave it a more company-specific catalyst.