By Angelica Ballesteros

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks Turning Heads With Double-Digit Gains.

Shares of Sandisk rallied for a fifth consecutive day on Tuesday to hit a fresh all-time high, as investors increased their exposure to the company, buoyed by its stellar earnings performance and highly optimistic outlook for the fourth quarter of fiscal year 2026.

At intra-day trading, the stock surged to its highest price of $1,418.88 before trimming gains to end the session just up by 11.98 percent at $1,406.32 apiece.

Nasdaq (NDAQ) Launches New Private Capital Indexes to Standardize Benchmarking for Private Markets. Photo from Sandisk's website

In an updated report, Sandisk Corp. (NASDAQ:SNDK) said that it swung to a net income of $3.615 billion in the third quarter of the year, marking a 287 percent improvement from the $1.933 billion net loss in the same period last year.

Revenues more than tripled to $5.95 billion from $1.695 billion year-on-year, thanks to a 233-percent jump in revenues from data centers, helped by a 118-percent increase in the share of its Edge business. Meanwhile, the consumer segment saw a drop of 10 percent.

For the fourth quarter of the fiscal period, Sandisk Corp. (NASDAQ:SNDK) is targeting to more than quadruple its revenues to a range of $7.75 billion to $8.25 billion, or an implied growth of 308 percent to 334 percent from the $1.9 billion posted in the same period a year earlier.

Non-GAAP diluted net income per share is pegged at $30 to $33, versus $0.29 year-on-year.

While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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