US Stock Market Move | SanDisk (SNDK.US) surged more than 22% in pre-market trading, with its 2026 fiscal second quarter performance significantly exceeding expectations.

On Friday, SanDisk (SNDK.US) surged more than 22% in pre-market trading, reaching $661.50. According to the financial report for the second quarter of fiscal year 2026, SanDisk's revenue was $3.025 billion, a 61% year-on-year increase; GAAP net profit was $803 million, a 672% year-on-year increase; GAAP diluted earnings per share were $5.15, a 615% year-on-year increase; GAAP gross margin was 50.9%, an 18.6% increase compared to the same period last year, surpassing market expectations. In terms of performance guidance, SanDisk expects revenue for the third quarter of fiscal year 2026 to be between $4.4 billion and $4.8 billion, with GAAP gross margin expected to be between 64.9% and 66.9%. SanDisk CEO David Goeckeler stated that looking ahead, customer demand after 2026 is expected to far exceed supply. With the support of some of the largest and most well-capitalized tech companies in the world, data centers are projected to become the largest market for NAND in 2026 for the first time. However, the company remains committed to its existing capital expenditure plan and refuses to blindly expand production.