Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTSushree MohantyThu, June 4, 2026 at 1:30 PM GMT+2 5 min readWhile most artificial intelligence (AI) stocks continued to capture investors’ attention in May, two companies generated more buzz than almost any other. One delivered stunning results fueled by the AI infrastructure boom while the other captivated investors with a blockbuster IPO. Let’s find out if both are a buy in June.SanDisk (SNDK) began the month of May with an explosive third-quarter report that not only exceeded Wall Street forecasts but also revealed a fundamental shift in the company's business model.More News from BarchartDear Amazon Stock Fans, Mark Your Calendars for June 23BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.Super Micro Computer Just Unveiled the New AMD Helios Platform. What That Means for SMCI Stock.Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!SanDisk stock has soared an eye-popping 672.8% year-to-date, wildly outperforming the broader market gain.www.barchart.comSanDisk's data center revenue exploded in the third quarter of fiscal 2026, surging 233% sequentially to $1.47 billion, making it the company's fastest-growing business segment. Its TLC-based enterprise SSD products, which are designed for performance-intensive computing workloads where speed and low latency are critical, drove the performance. Total revenue of $5.95 billion showed a remarkable 251% jump from the prior year, driven mostly by a shift toward higher-value customers and stronger pricing across the business. The company’s bottom-line growth was dramatic as well. Adjusted earnings per share climbed to $23.41, up from $6.20 in the second quarter and from a loss of $0.30 in the prior-year quarter.In the third quarter, SanDisk revealed that it has signed five multi-year partnerships so far that collectively include financial guarantees exceeding $11 billion. These arrangements, which Sandisk refers to as New Business Models (NBMs), are designed to provide customers with guaranteed supply while providing Sandisk with committed financial returns. In fact, three contracts signed during Q3 alone account for $42 billion in minimum contractual revenue. For a memory company, this kind of revenue visibility assures investors that it wasn’t just a one-off good quarter.With profitability improving and debt repayment nearly complete, SanDisk has now slowly started to return to shareholders with a new $6 billion share repurchase program. It generated $2.96 billion in adjusted free cash flow, also holding $3.74 billion in cash and cash equivalents on the balance sheet. SanDisk believes investors are underestimating the importance of NAND flash storage. The rapidly evolving AI systems are becoming more complex, necessitating the demand for high-performance storage, which strengthens the stock’s long-term investment case.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info