SanDisk shares surge 580% in 2026 as AI‑driven memory demand spikes

SanDisk (NASDAQ:SNDK) stock has risen about 580% since the start of 2026, driven by soaring demand for NAND memory used in AI data‑center storage. After peaking in late June, the shares fell more than 30% during the second half of the year, prompting analysts to view the current price as a potential entry point.

Institutional investor Trivest Advisors cut its SanDisk holding by 96.4%, selling 465,430 shares and retaining only 17,200, a stake worth roughly $10.9 million. Other firms such as Osaic Holdings, Merit Financial Group, Dimensional Fund Advisors, First Trust Advisors and Blair William & Co. have taken or increased positions in the company during recent quarters.

SanDisk reported first‑quarter earnings of $23.41 per share, far exceeding analysts’ estimate of $14.17, on revenue of $5.95 billion and a net margin of 34.19%. The company set its fourth‑quarter 2026 EPS guidance at $30‑$33, with analysts forecasting full‑year EPS of $64.52. Continued supply constraints in the memory market are expected to sustain elevated prices through 2027 and beyond.