SanDisk shares rose 11.9% to close at $1,740 on Friday after confirmation that the company will join the S&P 100 on September 21. The stock has gained 633% this year as artificial-intelligence infrastructure spending has strengthened demand for NAND flash, though it remains more than 25% below its 52-week high of $2,354.39. SanDisk reported $20.25 billion in fiscal 2026 revenue, up 175% from the prior year, and $6.9 billion in net profit in its most recent quarter as memory prices surged. The company has signed 10 long-term supply agreements with eight data-center and edge-computing customers under its New Business Model. The contracts, averaging more than four years and extending to five years, are expected to cover over half of fiscal 2027 memory-bit shipments and about two-thirds in fiscal 2028. Minimum pricing provisions guarantee at least $93.9 billion in cumulative revenue, while customers have provided $16.5 billion in financial assurances. Outstanding performance obligations rose to $59.8 billion by July 3, with two subsequent agreements adding $31.3 billion. SanDisk expects adjusted gross margins of about 80% in fiscal 2028 through 2030, down from 84.6% last quarter, while first-quarter fiscal 2027 guidance calls for $10.3 billion to $10.8 billion in revenue and an 83% to 85% non-GAAP gross margin. TipRanks shows a Strong Buy consensus from 14 analysts, including two Hold ratings, with a $2,201.56 average price target.