Sandisk (SNDK) will release its second-quarter fiscal 2026 financial results on Jan. 29. Shares have surged over 98% YTD and over 1,000% in the past six months, driven by high demand for NAND memory products due to AI infrastructure investments.

Industry supply constraints have led to higher prices for memory products, benefiting Sandisk’s margins. Technical indicators suggest a potential pullback due to overbought conditions. Options pricing indicates an 11% post-earnings move on Jan. 30, higher than the previous average.

Management expects strong growth in Q2, with demand exceeding supply across all end markets. Revenue is projected to be between $2.55 billion and $2.65 billion, driven by price increases and high shipment volumes. Adjusted EPS is forecasted between $3.00 and $3.40, signaling strong earnings performance.

Despite the significant rally, momentum is expected to continue with strong demand and pricing environment. SNDK stock’s valuation is high, but analysts forecast significant profitability growth in fiscal 2026 and 2027. A “Moderate Buy” consensus rating and a high price target of $580 suggest further upside potential.

Read more at Yahoo Finance: What’s Next for Sandisk Stock After a 1,000% Rally?