Sandisk has forecast stronger-than-expected quarterly revenue, signaling sustained enterprise demand for storage infrastructure powering artificial intelligence workloads.
The company expects fourth-quarter revenue between $7.75 billion and $8.25 billion, well above analyst estimates of $6.49 billion. It also projected adjusted profit in the range of $30 to $33 per share, significantly ahead of expectations of $22.70.
The upbeat outlook aligns with similar signals from rivals Western Digital and Seagate, pointing to a broader surge in spending on storage technologies used in AI data centers.
At the core of this growth is the rapid expansion of generative AI, which requires massive volumes of data to be processed, stored, and accessed efficiently. This has driven demand for high-performance enterprise solid-state drives and flash memory solutions—areas where Sandisk has been increasing its focus.
CEO David Goeckeler described the current period as a “fundamental inflection point,” noting that the company is shifting toward higher-value segments, particularly data center storage.
That shift is already visible in performance. Sandisk’s data center segment revenue more than tripled year-on-year to $1.47 billion in the third quarter, reflecting strong uptake of high-capacity flash storage solutions tailored for AI workloads.
Overall, the company reported third-quarter revenue of $5.95 billion, up 97% year-on-year and above estimates of $4.70 billion. Adjusted profit came in at $23.41 per share, also beating expectations.
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