Core Insights - The surge in demand for chips driven by the artificial intelligence boom has led SanDisk to significantly exceed Wall Street expectations for its Q2 2026 performance, resulting in a 13% increase in stock price [3][10] - SanDisk reported an adjusted quarterly earnings per share of $6.20, far surpassing the Bloomberg analyst estimate of $3.62, with total quarterly revenue reaching $3.03 billion, exceeding the market forecast of $2.69 billion [3][10] - The stock saw an opening increase of over 20% [4] Q3 Guidance - SanDisk's Q3 revenue guidance also exceeded analyst expectations, with projected revenue between $4.4 billion and $4.8 billion, significantly higher than the Bloomberg forecast of $2.93 billion [5][10] - The adjusted earnings per share for Q3 are expected to be between $12 and $14, more than double the analyst estimate of $5.11 [5][10] Data Center Business Growth - The company reported a 64% year-over-year growth in its data center business revenue, driven by the strong demand for storage chips from AI data centers [7][11][12] - This demand has created a supply-demand imbalance in the storage chip market, allowing companies to raise prices and maintain high profit margins [6][13] Market Impact - The shortage of storage chips has affected multiple sectors within the technology industry, with Apple also reporting supply chain issues related to advanced process chips and rising storage chip prices [8][13] - Apple's CEO Tim Cook indicated that the company is exploring a range of solutions to address these challenges [9][13]
闪迪业绩大超预期，人工智能需求激增推动其股价大涨13%