Sandisk Corp is expected to report Q2 2026 consensus revenue of $8.27 billion and EPS of $33.28, with shares currently trading at $1,257.45 against an average analyst price target of $1,811.38. Investors are primarily focused on the adoption of "New Business Models" (NBMs), specifically multi-year NAND supply agreements that provide long-term revenue visibility with AI hyperscalers.
This report is a crucial test for the stock, which has experienced heavy volatility and a 30% pullback despite surging demand for high-performance BiCS8 storage chips. Management's ability to maintain high gross margins while navigating emerging Chinese competition remains the central narrative for the remainder of the fiscal year.