Analysts expect Sandisk Corp to report Q3 2026 consensus revenue of $10.64 billion and adjusted EPS of $45.22, with the stock currently trading around $1,238.03 against a bullish average price target of $2,253.57.
Investors are primarily focused on the company’s adjusted gross margin, which is targeted near 80% as pricing power for high-capacity NAND flash memory remains exceptionally strong.
The surge in expectations is driven by the massive build-out of AI data center infrastructure and a supply-constrained environment that has allowed Sandisk to secure multi-year agreements worth over $90 billion.
Management’s ability to sustain these record-high margins while transitioning to new enterprise SSD platforms will be critical for maintaining the stock's year-to-date momentum.