By Tirthankar Chakraborty
Publication Date: 2026-09-23 19:00:00
Lately, surging artificial intelligence (AI) and data center demand has benefited both NVIDIA Corporation NVDA and the much smaller Sandisk Corporation SNDK. While the two companies offer different ways to capitalize on the AI boom, which one stands out to be the better buy now? Let’s explore –
Sandisk’s AI-Driven Growth Boosts Revenues and Profitability
Total revenues for Sandisk reached $8.97 billion in the fiscal fourth quarter of 2026, up a whopping 372% year over year and 51% sequentially, according to the company’s Aug. 5 press release.
For fiscal year 2026, revenues reached $20.25 billion, representing 175% year-over-year growth. The Data Center segment has been the major growth driver, with revenues jumping 437% as AI and data center demand increased the need for high-value storage.
In the fourth fiscal quarter, revenue growth came more from higher pricing than higher volumes. As a result, gross margins rose to 84.6% compared to 26.2% a year ago.
For fiscal year 2026, gross margin was 71.5% compared to 30.1% a year earlier. Profitability also improved dramatically, with GAAP net income coming in at $11.43 billion versus a loss of $1.64 billion in the previous year.
The growth doesn’t seem to be temporary, as management remains bullish on their near-term outlook. They expect revenues to be between $10.3 billion and $10.8 billion in the fiscal first quarter of 2027, which would mean another strong…
