SanDisk (SNDK) has climbed about 3,314% in the past year after a tax-free spinoff from Western Digital and subsequent deals with hyperscalers. Q3 FY2026 revenue was $5.95B (above guidance), datacenter revenue rose sharply, non-GAAP EPS beat estimates, and gross margins widened from 22.5% to 78.4% YoY. NAND flash prices rose ~60% in Q1 2026 and are forecast to rise another ~70–75% in Q2, with supply expected constrained through 2028. Additional bullish drivers include multi-year hyperscaler contracts, retirement of long-term debt and inclusion in the Nasdaq-100; risks are a high trailing P/E (~41x) and a potential cyclical supply ramp or slowdown in AI capex.

The story cites concrete, market-moving facts: a 3,314% share rally, Q3 revenue of $5.95B beating guidance, sharp datacenter revenue growth, an EPS beat, gross margins expanding from 22.5% to 78.4% YoY, NAND price increases (~60% in Q1 and projected ~70–75% in Q2) and constrained supply through 2028, plus corporate events (spinoff, hyperscaler deals, debt retirement, Nasdaq-100 inclusion). Risks noted—high trailing P/E (~41x) and possible cyclical or AI capex slowdown—are also factual elements affecting valuation.