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SanDisk surges on AI demand with 42 billion long term deals and a 6 billion buyback
Business
Published on 1 May 2026
A buyback of 6 billion signals confidence
SanDisk says its latest quarter benefited from the AI boom, driving a sharp jump in revenue and profit. The company also locked in long-term contracts worth at least $42 billion, aiming to protect margins from volatile pricing. Adding to the upbeat outlook, SanDisk plans a major $6 billion share buyback program.
- SanDisk reported a surge in revenue and profit
- Long-term contracts worth at least $42 billion are secured
- Deals are meant to reduce exposure to price fluctuations
- A $6 billion share buyback is planned
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times