SanDisk posted Q3 revenue $5.95 bn, up 251% YoY, beating estimates of $4.73 bn.
Adjusted EPS rose to $23.41, surpassing the $14.66 consensus by $8.75, while the stock fell ~5% pre‑market.
CEO David Goeckeler highlighted a shift toward datacenter demand and five multi‑year contracts, prompting Raymond James to lift price target to $1,470.
Company forecasts Q4 revenue $7.75‑$8.25 bn and Non‑GAAP EPS $30‑$33, driven by AI‑related SSD pricing tailwinds.