Sandisk fared poorly before the massive AI boom, but its stock price surged 400% this year. FY2022 revenue was $9.7 billion. The situation took a sharp turn for the worse in 2023, with revenue dropping to only $6.09 billion, a gross margin of around 7%, and a net loss of $2.1 billion. FY2024 revenue was approximately $6.6 billion, with the gross margin recovering to around 16%, but still resulting in a loss. Starting in FY2025, AI began to take off, with revenue reaching $7.3 billion. FY2026 was even better, with Q3 alone generating $5.9 billion in revenue, a gross margin of 78.4%, and a net profit of $3.6 billion. Revenue grew exponentially from approximately $2.3 billion in Q1 to $3 billion in Q2 and then to $5.95 billion in Q3. Gross margin improved significantly from approximately 30% to 51% and then to 78.4%. Sandisk It seems we've finally made it to a good time, much like the mask factories before the pandemic. One month they were looking for someone to take over, and the next month they were making a fortune. It's all about timing, fate, and luck; it's beyond my control.