Sandisk: It Is Never Good Enough

Sandisk posted a blowout fiscal Q1 with $11.03B revenue and $49.51 adjusted EPS, then guided Q2 to $12.2-12.6B and $55-57 EPS, well above consensus. The guidance signals sustained NAND/storage pricing strength and disciplined execution despite prior skepticism, supporting memory-sector earnings revisions. Impact is concentrated in Sandisk and read-across peers rather than broad indices, so near-term reaction should be positive but stock-specific.