Sandisk Corp. (SNDK) on Thursday reported third-quarter results, swinging to profit as revenues soared 251%, driven by strong pricing and accelerating demand from high-value data-center customers.
Revenue for the quarter was $5.95 billion, compared to $1.70 billion in the same period last year. The company reported net income of $3.62 billion, or $23.03 per share, versus a net loss of $1.93 billion, or $13.33 per share, a year ago.
On an adjusted basis, earnings were $23.41 per share, compared to a loss of $0.30 per share last year.
Looking ahead, the company expects fourth-quarter revenue between $7.75 billion and $8.25 billion, with adjusted earnings projected in the range of $30.00 to $33.00 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.