SanDisk Stock Rises on AI Memory Demand and Strong Outlook

SanDisk shares surged on Friday, August 14, 2026, after the company's recent Investor Day presentation and strong quarterly results fueled investor optimism about its future in the AI-driven memory market. The stock opened at $1,646.93, up from its previous close of $1,528.11, and traded at $1,654.04 with a volume of over 6 million shares. The move extended a rally that saw the stock climb approximately 15% on Thursday, August 13, following the company's long-range financial projections.

The company's presentation on Thursday outlined a bullish roadmap, with management forecasting annual revenue growth in the mid-to-high teens percentage range from fiscal year 2028 through 2030. A key focus was on profitability, with the company guiding for non-GAAP gross margins to remain stable at approximately 80% and operating margins near 75%. This guidance came as SanDisk reported a gross margin of 84.6% for the quarter ended July 3, a dramatic increase from 22.5% just five quarters earlier. The company's revenue reached $8.96 billion for the quarter, up 371.6% year-over-year, driven by a surge in demand for NAND flash memory used in AI data centers.

To address concerns about the cyclical...