TradingKey – SanDisk (SNDK) delivered an earnings report after Thursday’s U.S. market close that comprehensively exceeded market expectations. Driven by rapid growth in AI data center storage demand, the company’s first-fiscal-quarter revenue, earnings, and next-quarter guidance all topped analyst forecasts, while it also announced an 8-for-1 stock split to lower the per-share trading price and improve stock accessibility.

Prior to the earnings release, SanDisk shares fell 5.32% in regular trading to close at $1,330. After the results were announced, the stock briefly rose after-hours before paring gains to close down 3.84%, indicating that the market had already partially priced in the strong fundamentals.

For the first fiscal quarter…