Sandisk Reports Strong Q3 on AI Demand, Announces Long-Term Contracts and Buyback
Memory chip maker Sandisk reported a significant increase in revenue and profit for its third quarter of fiscal year 2026 due to strong demand from the artificial intelligence sector. The company secured long-term supply agreements worth at least $42 billion, signed during Q3, as well as additional contracts in the current quarter, aiming to stabilize price cycles. Sandisk also announced a $6 billion share buyback program.
Tickers: $SNDK
Topics: AI demand buyback long-term contracts NAND memory revenue growth