Sandisk forecasts profit surge, secures supply deal as AI fuels storage demand
Sandisk on Thursday predicted profits and sales well above Wall Street estimates and extended a major supply agreement, riding a surge in artificial-intelligence-driven demand for data storage.
The data storage firm forecast fiscal third-quarter revenue with a midpoint of $4.6 billion and adjusted profit with a midpoint of $14 per share. Both were above estimates of $2.77 billion and $4.37 apiece, respectively, according to LSEG-compiled data.
