Sandisk: A Better Business Is Emerging From The AI Boom

Sandisk is shifting its business mix toward enterprise SSDs and AI infrastructure, building a more resilient earnings base through long-term contracts. SNDK has secured $93.9 billion in minimum revenue commitments, with over half of 2027 and two-thirds of 2028 bit production contractually obligated at floor pricing. Datacenter revenue more than doubled, now 38% of bits shipped; adjusted gross margin reached 84.6%, and fiscal 2026 EPS was $70.88.