The Economic Times

SNDK stock jumps 14% after Sandisk earnings beat Wall Street estimates here's what investors need to know

Sandisk stock surged over 14% after reporting blockbuster fiscal second-quarter results, with adjusted earnings per share soaring 404% year-over-year to $6.20 on $3.03 billion in sales. The company's strong performance was driven by a 76% increase in data center sales, fueled by the AI boom. Sandisk also provided an optimistic third-quarter outlook, exceeding Wall Street expectations.