Sandisk Forecasts Strong Revenue on AI Storage Demand
Sandisk forecast quarterly revenue above estimates on strong AI storage demand. It expects fourth-quarter revenue to reach between $7.75 and $8.25 billion.
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SANDISK CORP forecast fourth-quarter revenue between $7.75 billion and $8.25 billion, surpassing the $6.49 billion average estimate. The outlook mirrors strong AI-driven demand reported by WESTERN DIGITAL CORP and SEAGATE TECHNOLOGY HOLDINGS. High-performance storage is becoming a critical bottleneck for generative AI data centers, allowing suppliers to command higher prices.
