Core Viewpoint - The storage sector in the US stock market has shown strong performance recently, with SanDisk's stock price significantly influenced by AI-driven storage demand and target price upgrades from institutions [1][2]. Recent Events - On February 12, 2026, SanDisk's stock surged by 10.65% due to increased storage demand driven by AI and a target price upgrade from Morgan Stanley. On February 13, SanDisk provided a strong earnings guidance for Q3, expecting revenue between $4.4 billion and $4.8 billion, with adjusted earnings per share between $12 and $14, exceeding market expectations. Despite a decline in the broader market, SanDisk's stock closed up 5.16% on the same day [2]. Stock Performance - Over the past 7 days (February 9 to 13), SanDisk's stock exhibited significant volatility: a single-day increase of 10.65% on February 11, followed by a 5.16% rise on February 12, and a 5.20% pullback on February 13, resulting in a cumulative fluctuation of -0.15%. Trading volume remained high, reaching $14.9 billion on February 12, with a turnover rate of 15.80%, indicating active market participation. Year-to-date, the stock price has increased by 151.53%, highlighting the sector's popularity [3]. Financial Report Analysis - On February 13, SanDisk updated its Q3 earnings guidance, projecting a median revenue of $4.6 billion and a median adjusted earnings per share of $13, primarily driven by a surge in enterprise SSD demand due to AI inference stages, leading to tight NAND supply. The company emphasized the extension of its joint venture agreement with Kioxia until 2034 to ensure supply chain stability and plans to maintain its current capital expenditure strategy, prioritizing long-term supply agreements. Institutions forecast a year-over-year earnings per share growth of 197.21% for Q2 of fiscal year 2026, confirming the industry's upward cycle [4]. Institutional Perspectives - As of February 2026, 23 institutions cover SanDisk, with 74% rating it as a buy or hold. The average target price is $735.26, indicating potential upside from the current stock price. Recent target price upgrades from firms like Morgan Stanley and RBC Capital are based on better-than-expected performance and the sustainability of AI-driven storage demand. Institutions believe the upward cycle in the storage sector may continue until 2027, although they note the need to monitor supply and demand changes that could impact stock price volatility [5].
闪迪股价受AI需求提振大涨，第三财季业绩指引超预期