Sandisk (SNDK) Stock Overview
Develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
Last Earnings Call
Q4 2026 · 5 Aug 2026SanDisk Corporation (NASDAQ: SNDK) reported fiscal fourth-quarter 2026 financial results on August 5, 2026. The company delivered $8.97 billion in revenue and $39.25 in non-GAAP diluted EPS.
Financial Results vs. Analyst Consensus
- Revenue: Analysts expected approximately $8.39 billion. SanDisk beat the consensus estimate with its reported $8.97 billion.
- EPS: Analysts expected approximately $34.45 to $34.96. SanDisk beat the consensus estimate with its reported $39.25.
Management Outlook
Management emphasized a "memory-centric" AI architecture as a primary growth driver, with Data Center revenue growing 437% year-over-year. The company has secured 10 long-term "New Business Model" (NBM) agreements, providing over four years of revenue visibility and covering approximately 50% of 2027 bit production. For Q1 2027, SanDisk guided for revenue between $10.3 billion and $10.8 billion and non-GAAP EPS of $44–$46.
Market Reaction
SanDisk’s stock fell approximately 5.4% during the regular trading session and extended those losses in after-hours trading. Analysts cited concerns that the company's Q1 2027 revenue guidance midpoint ($10.55 billion) fell short of the higher market expectations, leading investors to question the sustainability of the company's aggressive growth trajectory.
SNDK Community Fair Values
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Analyst Price Targets
Sandisk Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$1,212.21 |
| 52 Week High | US$2,354.39 |
| 52 Week Low | US$42.82 |
| Beta | 0 |
| 1 Month Change | -36.73% |
| 3 Month Change | -16.52% |
| 1 Year Change | 2,695.04% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 3,267.25% |
Recent News & Updates
SNDK: Cooling AI Memory Pricing Will Pressure Margins And Reset Expectations
SanDisk's updated analyst price target of $1,000 reflects a reset from prior four digit targets as analysts factor in moderating pricing, recent target revisions across firms, and a wider range of possible outcomes for margins and long term memory demand. Analyst Commentary Recent Street research on SanDisk shows a wide range of views, but with a clear tilt toward more conservative assumptions on pricing, margins, and growth.SanDisk: Google's HBF Validation
Summary SanDisk (SNDK) is rated a 'Strong Buy' due to the transformative potential of its High Bandwidth Flash (HBF) product. HBF leverages NAND's density and cost advantages to address AI-driven memory shortages, positioning SanDisk as a design partner in next-gen architectures. First-gen HBF is projected to deliver 1.6TB/s bandwidth and 512GB per stack—over 20x HBM's capacity—unlocking significant market and margin expansion. SanDisk trades at a 2027 P/E of 6.7 with 222% EPS growth forecast, yet the HBF opportunity appears underappreciated relative to its market cap. The HBF technology is validated by Google joining the consortium to standardize HBF. Read the full article on Seeking AlphaRecent updates
SNDK: Cooling AI Memory Pricing Will Pressure Margins And Reset Expectations
SanDisk's updated analyst price target of $1,000 reflects a reset from prior four digit targets as analysts factor in moderating pricing, recent target revisions across firms, and a wider range of possible outcomes for margins and long term memory demand. Analyst Commentary Recent Street research on SanDisk shows a wide range of views, but with a clear tilt toward more conservative assumptions on pricing, margins, and growth.SanDisk: Google's HBF Validation
Summary SanDisk (SNDK) is rated a 'Strong Buy' due to the transformative potential of its High Bandwidth Flash (HBF) product. HBF leverages NAND's density and cost advantages to address AI-driven memory shortages, positioning SanDisk as a design partner in next-gen architectures. First-gen HBF is projected to deliver 1.6TB/s bandwidth and 512GB per stack—over 20x HBM's capacity—unlocking significant market and margin expansion. SanDisk trades at a 2027 P/E of 6.7 with 222% EPS growth forecast, yet the HBF opportunity appears underappreciated relative to its market cap. The HBF technology is validated by Google joining the consortium to standardize HBF. Read the full article on Seeking Alpha
SNDK: Long-Term AI Memory Contracts And Tight Supply Will Support Upside
Analysts have trimmed their Sandisk fair value estimate from $3,250 to $3,169, reflecting updated assumptions that combine stronger projected revenue growth with more moderate profit margins and slightly adjusted price targets following recent research updates. Analyst Commentary Street research on Sandisk currently leans constructive, with many bullish analysts pointing to tight memory conditions, AI related demand and revised long term contracts as key supports for the stock's valuation framework.SNDK: AI Supply Deals And Tight Memory Support Further Upside Potential
SanDisk's analyst price target has been raised from $322.0 to $3,250.0 as analysts factor in a tight NAND supply backdrop, new long-term memory agreements with firmer pricing, and stronger assumed profit margins, despite moderating revenue growth expectations and a higher future P/E multiple. Analyst Commentary Recent Street research on SanDisk leans clearly positive, with a series of higher price targets and rating upgrades clustered around similar themes, including tight memory supply, firmer pricing and growing confidence in long-term demand for NAND and DRAM tied to AI and data center spending.
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 AlphaShareholder Returns
| SNDK | US Tech | US Market | |
|---|---|---|---|
| 7D | -5.9% | 2.1% | 2.7% |
| 1Y | 2,695.0% | 50.5% | 20.9% |
Return vs Industry: SNDK exceeded the US Tech industry which returned 50.5% over the past year.
Return vs Market: SNDK exceeded the US Market which returned 20.9% over the past year.
Price Volatility
| SNDK volatility | |
|---|---|
| SNDK Average Weekly Movement | 19.2% |
| Tech Industry Average Movement | 12.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SNDK's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: SNDK's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2024 | 11,000 | David V. Goeckeler | www.sandisk.com |
Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company offers solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, industrial, and connected home applications, as well as removable cards, universal serial bus drives, and wafers and components. It sells its products to computer manufacturers and original equipment manufacturers, datacenters, private cloud customers, cloud service providers, resellers, distributors, and retailers through its sales personnel, dealers, distributors, retailers, and subsidiaries.
Sandisk Corporation Fundamentals Summary
| SNDK fundamental statistics | |
|---|---|
| Market cap | US$180.62b |
| Earnings (TTM) | US$11.43b |
| Revenue (TTM) | US$20.25b |
Is SNDK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SNDK income statement (TTM) | |
|---|---|
| Revenue | US$20.25b |
| Cost of Revenue | US$5.78b |
| Gross Profit | US$14.47b |
| Other Expenses | US$3.04b |
| Earnings | US$11.43b |
Last Reported Earnings
Jul 03, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 76.73 |
| Gross Margin | 71.47% |
| Net Profit Margin | 56.46% |
| Debt/Equity Ratio | 0% |
How did SNDK perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/10 12:32 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/07/03 |
| Annual Earnings | 2026/07/03 |
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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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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 26 analysts. 17 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 |
|---|---|
| James Fontanelli | Arete Research Services LLP |
| Thomas O'Malley | Barclays |
| Mark Newman | Bernstein |