SanDisk Q4 Revenue Jumps 51% to $8.97B; BofA Keeps Buy Rating

SanDisk Q4 revenue hit $8.97B, up 51% QoQ, beating guidance. Bank of America maintains 'buy' rating with $2,500 target, citing AI storage demand.

Woofun AI reports that SanDisk delivered fourth-quarter revenue of $8.97 billion, representing a 51% quarter-over-quarter increase and exceeding the prior guidance range of $7.75 billion to $8.25 billion. Gross margin expanded to 84.6%, surpassing the previous quarter's 78.4% and analyst estimates of 79% to 81%. Bank of America retained its "buy" rating and $2,500 price target, implying an 85% upside from the current $1,350.50 level, based on projected 2027 EPS of $255. The bank forecasts fiscal 2027 revenue to reach $52.6 billion, a 160% increase, driven by sustained AI infrastructure demand. For the next fiscal quarter, SanDisk projects revenue between $10.3 billion and $10.8 billion, with gross margins holding at 83% to 85%.