Storage concept stock Sandisk surged over 7% against the trend

LB Select
2025.11.07 14:58

U.S. stock storage concept stock SanDisk (SNDK.US) rose against the trend, increasing over 7% to $223. In terms of news, the company announced its quarterly performance for the period ending October 3, 2025, showing that under Non-GAAP, quarterly revenue was $2.308 billion, a 21% increase quarter-over-quarter and a 23% increase year-over-year; gross profit margin was 29.9%, a 3.5 percentage point increase quarter-over-quarter and a 9 percentage point decrease year-over-year; operating profit was $245 million, a 145% increase quarter-over-quarter and a 31% decrease year-over-year; net profit was $181 million, a 331% increase quarter-over-quarter and a 31% decrease year-over-year. In this fiscal quarter, SanDisk's NAND bit shipments achieved approximately 15% growth, with average selling prices showing a mid-single-digit percentage increase, driving revenue and gross margin above expectations.

SanDisk stated that in this fiscal quarter, demand for NAND products exceeded supply, with inventory turnover days decreasing from 135 days to 115 days, and this trend is expected to continue until the end of 2026. SanDisk CEO David stated that by 2026, the data center market will become the largest market for NAND flash memory for the first time

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