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SanDisk Corporation reported strong Q1 2026 earnings with a revenue of $2.3 billion, reflecting a 21% sequential and 23% year-over-year increase, driven by demand in AI SSDs. JPMorgan initiated coverage with a Neutral rating and a $235 price target, highlighting the company's growth potential while cautioning that current pricing strength may be temporary. For Q2 2026, SanDisk projects revenue between $2.55 billion and $2.65 billion, citing increased visibility from long-term agreements in the enterprise SSD market.