Sandisk Balance Sheet Health
Financial Health criteria checks 6/6
Sandisk has a total shareholder equity of $13.8B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $17.1B and $3.3B respectively. Sandisk's EBIT is $5.5B making its interest coverage ratio 89.9. It has cash and short-term investments of $3.7B.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 89.9x |
| Cash | US$3.74b |
| Equity | US$13.78b |
| Total liabilities | US$3.30b |
| Total assets | US$17.08b |
Recent financial health updates
Recent updates
Sandisk: Micron Confirmed The Memory Supercycle
Summary Sandisk is emerging as a direct beneficiary of AI inference growth, with enterprise SSDs becoming increasingly critical for large-scale storage workloads. Management is replacing volatile spot pricing with long-term supply agreements, improving revenue visibility, and reducing traditional NAND earnings cyclicality. The commercial rollout of Stargate QLC SSDs and future high-bandwidth flash technology positions Sandisk for the next phase of AI infrastructure. Despite gaining 34% since my previous coverage, Sandisk could still be undervalued as investors continue applying outdated cyclical memory valuation multiples. August earnings could become a major catalyst if management confirms stronger enterprise SSD demand, expands long-term agreements, and raises guidance. Read the full article on Seeking Alpha
SNDK: AI Memory Contracts Will Eventually Expose Extreme Margin And Pricing Risk
Analysts have raised the SanDisk fair value estimate from $264.95 to $1,772.91, reflecting higher Street price targets, expectations for tight NAND supply through 2027, stronger AI-driven memory demand, and a more robust margin profile supported by improved pricing. Analyst Commentary Recent Street research on SanDisk points to a cluster of higher price targets, with analysts leaning heavily on tighter memory supply conditions, AI-related demand for DRAM and NAND, and firmer pricing to support their valuation work.Sandisk (SNDK) Stock Could Be 577.8% Overvalued After Its Recent Run Up
Sandisk (SNDK) has recently drawn attention after its stock delivered a 58% return over the past month and a very large gain over the past 3 months, inviting closer inspection from investors. See our latest analysis for Sandisk. The latest share price of $2,182.45 comes after a 1 month share price return of 57.77% and a 7 day share price return of 15.99%, building on a very large year to date share price return of 692.93% and a very large 1 year total shareholder return. Together these...Analysts' Revenue Estimates For Sandisk Corporation (NASDAQ:SNDK) Are Surging Higher
Celebrations may be in order for Sandisk Corporation ( NASDAQ:SNDK ) shareholders, with the analysts delivering a...News Flash: Analysts Just Made A Dazzling Upgrade To Their Sandisk Corporation (NASDAQ:SNDK) Forecasts
Celebrations may be in order for Sandisk Corporation ( NASDAQ:SNDK ) shareholders, with the analysts delivering a...Analyst Forecasts For Sandisk Corporation (NASDAQ:SNDK) Are Surging Higher
Sandisk Corporation ( NASDAQ:SNDK ) shareholders will have a reason to smile today, with the analysts making...Investors Appear Satisfied With Sandisk Corporation's (NASDAQ:SNDK) Prospects As Shares Rocket 82%
Sandisk Corporation ( NASDAQ:SNDK ) shares have continued their recent momentum with a 82% gain in the last month...Sandisk Corporation (NASDAQ:SNDK) Stocks Shoot Up 49% But Its P/S Still Looks Reasonable
Despite an already strong run, Sandisk Corporation ( NASDAQ:SNDK ) shares have been powering on, with a gain of 49% in...Sandisk Soars While Western Digital Stutters Post Spinoff
Summary Sandisk's split from Western Digital has led to divergent stock trajectories, with SNDK soaring and WDC tanking, validating Elliott Management's push for separation. Sandisk's innovative High Bandwidth Flash (HBF) technology could revolutionize NAND applications, offering significant capacity and bandwidth advantages over traditional HBM DRAM. Despite recent financial struggles, Sandisk projects strong revenue growth and positive free cash flow by FY 2025, with a bullish outlook from analysts like Morgan Stanley. The NAND market remains oversupplied, posing risks, but Sandisk's cutting-edge products and potential market shifts offer substantial upside for contrarian investors. Read the full article on Seeking AlphaFinancial Position Analysis
Short Term Liabilities: SNDK's short term assets ($9.2B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: SNDK's short term assets ($9.2B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: SNDK is debt free.
Reducing Debt: SNDK has no debt compared to 5 years ago when its debt to equity ratio was 10.4%.
Debt Coverage: SNDK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SNDK has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/01 21:45 |
| End of Day Share Price | 2026/07/01 00:00 |
| Earnings | 2026/04/03 |
| Annual Earnings | 2025/06/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sandisk Corporation is covered by 29 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Simpson | Arete Research Services LLP |
| James Fontanelli | Arete Research Services LLP |
| Nam Hyung Kim | Arete Research Services LLP |