SanDisk zavádí smluvní model s garantovanými objemy a cenovým pásmem pro paměťové produkty, který má stabilizovat budoucí peněžní toky a omezit cykličnost.
Sandisk (SNDK -1.82%) makes NAND memory chips, which are primarily used for long-term data storage in devices like solid-state drives. That may sound like a pretty boring business with not a lot of innovation going on in it -- and you'd be right.
That's why Sandisk and its peers are normally pretty boring stocks, but all of that changed in 2026. Demand for storage skyrocketed alongside data center build-outs, consuming all available production capacity. All of a sudden, Sandisk's products were hot commodities, and prices skyrocketed, which translated into incredible stock growth for Sandisk.
It's up nearly 500% this year -- second-best in the S&P 500. This also allowed Sandisk to form a new, sustainable business model. I think the transition to this model will help Sandisk tremendously over the long term and eliminate some of the cyclicality typically associated with companies in the memory chip industry.
That completely flips the narrative behind investing in Sandisk's stock, making this an ideal time to buy it.
Image source: The Motley Fool.
Sandisk isn't as dependent on market conditions
In normal times with ample supply, there isn't a lot that separates Sandisk's storage devices from its competition, so only one thing matters: price. The lowest price wins here, which isn't the greatest for Sandisk as a business.
However, with sky-high demand and no supply, Sandisk is taking this opportunity to reformulate its business model. The aptly named "New Business Model (NBM)" is basically a contractual agreement with some clients that sets a floor and ceiling for memory prices but has committed volumes. This is a key development, because it makes Sandisk's future more predictable.
Consistent cash flows allow the management team to allocate capital where they see fit, rather than worrying about what the business will look like a few years down the road. That's why subscription business models are king, as they are predictable. With Sandisk moving toward contract-based work, this will help smooth out the demand curve and reduce cyclical drawdowns that have plagued investors in this industry.
However, the stock is still priced like it's due for a cyclical drawdown.
SNDK PE Ratio (Forward) data by YCharts
Remember: 6.3 times forward earnings is a dirt cheap price tag to pay for any stock. Sandisk's business model shifting more toward consistent contract work, so this should result in an increased stock premium, as it won't be as dependent on price swings in the market.
SNDK Sandisk$1,238.03-$22.90 (-1.82%)
NASDAQ · As of 4:00 PM ET 10/23/26
I think the opportunity is compelling enough to warrant buying shares now, and investors should act before the market catches up to this transformation.
Akcie společnosti SanDisk za poslední měsíc ztratily 33,18 %, přesto firma ve fiskálním čtvrtém čtvrtletí zvýšila tržby o 371,6 % na 8,96 miliardy USD a má uzavřené smlouvy v hodnotě nejméně 93,9 miliardy USD.
SanDisk has shed a third of its value in a month even as its business posts record numbers and locks in nearly $94 billion in signed customer contracts. One top analyst sees a near-triple from here, but the bull case…
SanDisk (NASDAQ:SNDK | SNDK Price Prediction) currently trades at $1,260.93, while Wall Street’s average price target is $2,173. That gap works out to 72.3% implied upside.
SanDisk is the NAND flash pure-play that was spun out in February 2025. AI datacenter storage demand has made it one of the market’s biggest winners. Fiscal fourth-quarter revenue reached $8.96 billion, up 371.6% year over year, and non-GAAP EPS of $39.25 beat the $33.28 estimate.
The gap stands out because the stock has pulled back just as the business looks strongest. Melius Research analyst Ben Reitzes holds a Street-high target of $3,600, which implies 185.5% upside. That is close to triple the current price.
China Memory Fears and Profit-Taking Drag SanDisk Down 33% in a Month The biggest blow came from reports that China’s ChangXin Memory Technologies had made progress on next-generation DRAM and server-grade DDR5 chips. That news triggered selling across memory stocks. SanDisk has lost 33.18% over the past month. It fell 8.51% in the latest session alone and now sits 46.4% below its 52-week high of $2,354.39.
SanDisk makes NAND, a separate product from DRAM, so ChangXin’s progress is a less direct threat. Other pressures piled on anyway: profit-taking after the 2026 rally, rising Treasury yields and concerns about debt-funded AI infrastructure spending. The company’s own numbers remain strong. SanDisk has beaten EPS estimates five straight quarters.
Analysts See $93.9 Billion in Contracts the Market Is Discounting The bull case rests on SanDisk’s multi-year customer agreements, which the company calls NBMs. CFO Luis Visoso said signed NBMs carry total expected revenue of “a minimum of $93.9 billion, assuming floor pricing.” Those contracts are expected to cover more than 50% of bits in fiscal 2027 and approximately two-thirds in fiscal 2028, and they are backed by $16.5 billion in financial guarantees.
Melius builds its $3,600 target on three pillars: demand for High-Bandwidth Flash, tight NAND pricing and free cash flow strong enough to support up to $100 billion in buybacks over three years. Other desks sit close behind, with Bernstein at $3,000 and Cantor Fitzgerald at $2,900. The board has already added $14 billion in buyback authorization.
Recent updates have been positive. Mizuho maintained Outperform and raised its target to $2,050, and Rosenblatt initiated at Buy with a $2,400 target. The next test is the upcoming earnings report. Guidance calls for revenue of $10.30 billion to $10.80 billion and EPS of $44.00 to $46.00.
Price targets are opinions, though. The $3,600 call assumes pricing stays strong in a NAND market that management expects to grow 3x year over year in 2026.
Every Storage Name Sold Off, and SanDisk Fell Hardest The whole storage group fell together. Over the past month, SanDisk dropped more than any of its peers.
Micron Technology (NASDAQ:MU) is down 20.09% over the past month. It trades at $856.49 versus a $1,560.57 target and offers 82.2% implied upside. Nine analysts rate it Strong Buy, 36 Buy, three Hold and one Strong Sell. That is more consensus upside than SanDisk.
Western Digital (NASDAQ:WDC), SanDisk’s former parent, has fallen 25.23% in a month. At $354.19 versus a $654 target, the implied upside is 84.6%, with four Strong Buy, 17 Buy and five Hold ratings.
Seagate Technology (NASDAQ:STX) is down 30.49% in a month. It trades at $642.14 versus a $1,116.58 target and offers 73.9% upside, which is similar to SanDisk.
On consensus targets, Western Digital has the most upside in the group, and SanDisk has the least. SanDisk’s case rests heavily on its outlier targets.
A 431% Year Still Survives the Slide At $1,260.93, SanDisk would need to rise 72.3% to reach the $2,173 consensus. Here is how the 25 covering analysts rate the stock:
Strong Buy: 4 Buy: 17 Hold: 3 Strong Sell: 1 Even after the selloff, the stock is up 431.19% year to date, while the S&P 500 has gained 12.03%. Over the past month, SanDisk fell 33.18% while the index slipped 0.5%. The forward P/E is about 8.
Signed Revenue Tilts Me Bullish Before Earnings My view on SanDisk becomes more constructive if the coming earnings report hits guidance and NBM coverage keeps growing. That would show signed pricing holding up in a falling market. My view becomes cautious if NAND pricing rolls over or AI capex budgets shrink. Floor-price contracts protect revenue, yet margins near 84.6% leave a long way to fall.
I lean bullish. A forward multiple near 8 with $93.9 billion in signed floor revenue reflects much of the bad news. Still, I’d treat the $3,600 target as a ceiling, and the consensus is the more realistic mark to measure against.
Contact [email protected] for any questions or corrections.
Akcie společnosti Sandisk od jejího oddělení od Western Digital v únoru 2025 vzrostly o 3 700 %, a to díky poptávce po flashových úložištích pro AI a čistému zisku přes 11 mld. USD ve fiskálním roce 2026.
The appreciation of Sandisk (SNDK -8.51%) stock has been nothing short of phenomenal. Since its formal separation from Western Digital in February 2025, the stock has risen 3,700%, a feat unmatched by any large-cap stock over the same period.
Admittedly, no matter what its future holds, it is unlikely to repeat that growth within such a short time frame. However, history suggests that the chip stock is more likely to pull back than rise over time.
Image source: The Motley Fool.
The rise (and possible future decline) of Sandisk Indeed, when Sandisk spun off, it did not appear to be on the verge of massive growth. The company specializes in NAND memory and solid-state storage products. In general, memory and storage are commoditized products, and thus, the companies in that business tend to not attract as much investor interest.
Nonetheless, the boom in AI centers led to unprecedented demand for flash storage solutions. The stock price surged as AI stock investors and institutional investors took notice. Soon after, Sandisk joined the Nasdaq-100 and the S&P 500, leading to additional buying.
The company's financials also played a major role in its gains. Its net income was over $11 billion in fiscal 2026, far better than the $1.6 billion loss in the previous fiscal year.
That profit left it with an attractive valuation despite its massive stock gains. Currently, its P/E ratio is 19, and the immediate future appears bright as its forward P/E stands at just 6.3.
SNDK Sandisk$1,260.93-$117.29 (-8.51%)
NASDAQ · As of 4:00 PM ET 10/22/26
Ironically, seasoned investors' long-term memory may explain the low valuations. These shareholders know that memory companies tend to experience more volatile industry cycles than tech stocks in general. This is because memory and storage command tremendous pricing power in boom times. However, when the down cycle begins, lower demand and price cuts can reduce or even wipe out company profits.
Sandisk has signed customers into long-term contracts, which could mitigate a down cycle. Still, slumps can be exceptionally painful for memory stocks. In the nearly nine years Western Digital owned Sandisk, its stock gained over 75%. Still, since it earned all of those gains in the first year of ownership, it is easy to see why Western Digital later doubted the wisdom of the merger and decided to spin off Sandisk.
The performance of both Sandisk and Western Digital stocks since the separation indicates the AI boom would have ended the slump with or without the separation. Still, performance in previous years suggests storage stocks have not performed well historically, possibly pointing to pain for Sandisk in the foreseeable future.
The history of Sandisk and its industry in general suggests one should approach its stock with caution.
With Sandisk dominating the S&P 500 in 2026, it implies that it is the stock to own. Still, the stocks in that industry have faced huge sell-offs once the boom ends. That history may also explain why investors have not bid the stock higher despite its 19 P/E ratio.
Indeed, if revenue forecasts prove accurate, Sandisk stock could continue rising. Nonetheless, given Sandisk's history and the history of the memory and storage industries in general, investors should probably assume they missed out on this boom.
Sandisk před zveřejněním výsledků 29. října očekává v 1. fiskálním čtvrtletí tržby 10,5 mld. USD a zisk na akcii 45 USD, podpořený nedostatkem NAND pro datacentra AI.
Sandisk (SNDK +0.94%) has been one of the hottest stocks of the year. Its memory products are in high demand for artificial intelligence (AI) data centers, and thanks to a shortage of those products, it's achieving extraordinary revenue and profit growth. As a result, the stock is up 478% so far in 2026.
The memory giant will report results for its fiscal 2027 first quarter on Oct. 29. Here's what history suggests might happen before it does.
Low supply for AI As the artificial intelligence (AI) trend has progressed, the focus has shifted repeatedly. First, much of the interest was on the foundational models; then came demand for data centers and the AI accelerators and GPUs that provided compute for those models. There has been a concurrent boost to the energy sector as the tech players had to answer the question of where the electricity to power all of those new data centers was going to come from.
Now, getting enough memory for those data centers has become one of the most critical parts of the infrastructure build-out process.
Image source: Sandisk.
Sandisk makes many kinds of memory products, from the memory cards in your smartphone to the dynamic random access memory (DRAM) in your laptop, but the recent frenzy is for its NAND flash memory, which can keep storing data even when it's not powered on, and is vital for AI training. Sandisk is one of the few makers of NAND, and data centers have become a huge part of Sandisk's business.
Scarcity is what's driving this rally -- demand from data centers far exceeds the supply of NAND that Sandisk and its peers can manufacture, so they've all been able to boost prices sharply, and all are experiencing rapid growth.
In Sandisk's fiscal 2026 fourth quarter (which ended July 3), revenue increased 372% year over year, and data center revenue doubled just from its fiscal Q3.
Is this the end of the cycle? Despite its massive growth and soaring profits -- it booked $43.97 in earnings per share in its fiscal fourth quarter -- Sandisk stock is rather cheap, trading at a P/E ratio of under 19. That lack of a premium is tied to investors' worries that the end of this up phase of the memory cycle is inevitable.
Historically, memory companies have always gone through booms and busts based on the supply-and-demand cycle. When supplies are tight, prices rise, and manufacturers build new foundries to expand capacity. Then supply catches up to and exceeds demand (which often declines cyclically as well), and prices tumble again.
Right now, the AI build-out requires huge quantities of memory products, but data center construction and processor purchases are likely to taper off at some point. The question is when.
SNDK Sandisk$1,378.22+$12.84 (+0.94%)
NASDAQ · As of 4:00 PM ET 10/21/26
Anticipating this, Sandisk this year introduced its new business model (NBM) agreements, which lock in long-term sales deals with large customers, guaranteeing some price floors and purchase volumes for multiple years. It had eight NMBs as of the end of the fiscal fourth quarter. Management notes that it provides necessary infrastructure components to the biggest and most important tech companies, and those businesses are planning -- and purchasing -- several years in advance. It's also focusing on its highest-value products and markets, which management believes will lead to "more durable earnings power."
What might happen before Oct. 29 Western Digital spun off Sandisk in February 2025, and since its return to the market as an independent company, the stock has climbed prior to all previous earnings reports except the most recent one. By then, Sandisk stock had soared to an expensive level. It has started to rise again, but it's still not back to its previous high. So while history suggests it's going to climb again over the next few days, the trend has changed.
SNDK data by YCharts
Since the stock price is much lower today, there's room for it to rise in the coming days, and to keep heading higher after earnings if it meets or surpasses expectations. Management is guiding for $10.5 billion in revenue at the midpoint, a 357% increase over last year, and $45 in EPS. Wall Street is expecting a 363% increase and $46.27 in EPS. The market will also be looking for new business deals and guidance for continued high growth.
IFP Advisors Inc lifted its position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 49.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,923 shares of the data storage provider’s stock after buying an additional 637 shares during the period. IFP Advisors Inc’s holdings in Sandisk were worth $3,346,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in SNDK. Atomic Invest LLC acquired a new position in Sandisk in the second quarter valued at $25,000. Dunhill Financial LLC purchased a new stake in Sandisk during the second quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Sandisk during the second quarter valued at about $32,000. Kilter Group LLC acquired a new stake in Sandisk during the second quarter worth about $32,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Sandisk during the second quarter worth about $34,000.
Analyst Upgrades and Downgrades A number of equities analysts have recently commented on the company. Royal Bank Of Canada raised their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. UBS Group reaffirmed an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $2,900.00 target price (up from $1,800.00) on shares of Sandisk in a report on Monday, August 10th. Arete Research boosted their target price on Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,120.65.
Check Out Our Latest Stock Analysis on SNDK Sandisk Trading Down 0.4% Shares of SNDK stock opened at $1,365.38 on Wednesday. The company has a market cap of $197.34 billion, a PE ratio of 18.73, a P/E/G ratio of 0.14 and a beta of 5.23. The company’s fifty day simple moving average is $1,608.16 and its 200-day simple moving average is $1,513.38. Sandisk Corporation has a 52 week low of $142.76 and a 52 week high of $2,354.39.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion during the quarter. During the same period last year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.
Sandisk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that authorizes the company to buy back $14.00 billion in shares. This buyback authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Insider Buying and Selling In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the transaction, the executive vice president owned 44,134 shares in the company, valued at $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the sale, the insider directly owned 25,305 shares of the company’s stock, valued at $44,722,285.65. The trade was a 8.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is owned by company insiders.
Trending Headlines about Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Sandisk’s upcoming fiscal first-quarter report on October 29 is a key potential catalyst. Investors will focus on whether strong demand, pricing, margins and management guidance support the company’s recently upgraded earnings outlook. Sandisk Q1 Preview Positive Sentiment: Recent bullish commentary points to strong cash generation, favorable earnings revisions and potential benefits from Nvidia’s NVHBM technology becoming an industry standard for high-bandwidth memory connections. Sandisk was also upgraded to Zacks’ Rank #1, or Strong Buy. Sandisk upgraded to Strong Buy Neutral Sentiment: Analysts and investors remain divided: some view the recent sell-off as technically oversold and see upside, while others argue that the stock’s low forward valuation depends on unusually strong memory pricing continuing. Investor commentary on Sandisk Negative Sentiment: Memory stocks broadly weakened after a selloff in Seoul revived fears that data-center and AI spending could slow. Sandisk, Micron and SK Hynix were all lower in premarket trading, highlighting sector-wide rather than company-specific pressure. AI memory stocks fall Negative Sentiment: Jim Cramer warned that Sandisk and Western Digital could be especially exposed if data-center capacity growth slows. Separately, China’s CXMT technology breakthrough has raised concerns about additional memory supply, price competition and pressure on Sandisk’s profit surge, which has been driven substantially by higher prices. Cramer warning on Sandisk Sandisk Company Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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Shares of Sandisk (SNDK +6.05%) charged sharply higher on Monday, jumping as much as 8.3%. As of 11:24 a.m. ET, the stock was still up 7.9%.
While a rebound in technology issues certainly helped, the semiconductor specialist rallied on positive news in the high-bandwidth memory (HBM) space.
Image source: The Motley Fool.
Industry standardEarlier this year, Nvidia (NVDA +1.78%) announced the development of NVHBM, the company's custom HBM architecture. NVHBM is a custom HBM die that delivers 15% lower power consumption and 30% higher bandwidth, all on a smaller die than HBM4e. To be clear, this isn't a replacement for traditional HBM, but rather connective technology between Nvidia's NVLink and HBM chips.
A report emerged over the weekend that Nvidia has asked Samsung Electronics to adopt Taiwan Semiconductor Manufacturing's 3-nanometer chipmaking process to produce the NVHBM dies, according to a story that first appeared in the Seoul Economic Daily. This will mark the first such collaboration between TSMC and Samsung, according to the report.
SNDK Sandisk$1,377.94+$78.64 (+6.05%)
NASDAQ · As of 1:27 PM ET 10/19/26
Moreover, Nvidia has approached the industry's biggest memory producers, including Micron Technology and SK Hynix, to use this process, which would standardize it across multiple memory suppliers. This, in turn, would free up valuable real estate on the compute die, resulting in up to 30% additional compute.
Investors have been concerned that demand for artificial intelligence (AI) could falter, thereby reducing demand for the AI chips. This move by Nvidia suggests that -- despite fears to the contrary -- the adoption of AI still has room to run. This suggests that the same is true for memory chip suppliers.
Even in the face of unprecedented demand for memory chips, Sandisk stock is selling for just 19 times earnings and 6 times forward earnings. This gives investors the opportunity to pick up shares at a discount.
Danny Vena, CPA has positions in Micron Technology, Nvidia, and Sandisk. The Motley Fool has positions in and recommends Micron Technology, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
SummarySandisk Corporation's recent selloff reflects mounting concerns over the durability of AI infrastructure spending amid rising industry debt levels and tightening credit conditions.However, TSMC's and ASML's latest earnings outperformance and forward projections reinforce resilient AI demand, supporting accelerating inference-driven NAND storage requirements favorable to SNDK.Sandisk's advancing BiCS technology roadmap also strengthens its ability to capitalize on the intensifying storage density, performance, and power efficiency requirements of scaling high-volume agentic inference.Coupled with anticipated upside to Sandisk's NBM execution ahead of fiscal Q1 earnings, its increasingly de-risked cyclical exposure further supports a sustained recovery from current levels. alacatr/iStock Unreleased via Getty Images
Sandisk Corporation (SNDK) has lost close to 30% of its value over the past month, as the broader market selloff intensified in recent weeks. The volatility has been primarily driven by renewed market concerns about the
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Counterpoint Mutual Funds ve třetím čtvrtletí koupil 5 897 akcií společnosti SanDisk (SNDK) za zhruba 10,26 milionu USD; tato pozice tvoří 0,9 % jeho portfolia.
Counterpoint Mutual Funds LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,897 shares of the data storage provider’s stock, valued at approximately $10,260,000. Sandisk accounts for approximately 0.9% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 16th largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC lifted its holdings in Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Nilsine Partners LLC grew its position in Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after acquiring an additional 7 shares during the period. Insight Wealth Partners LLC grew its position in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after acquiring an additional 7 shares during the period. Cornerstone Financial Management LLC grew its position in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after acquiring an additional 9 shares during the period. Finally, LifeGoal Investments LLC increased its stake in Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock worth $421,000 after acquiring an additional 9 shares during the last quarter.
Sandisk Stock Performance NASDAQ:SNDK opened at $1,299.30 on Friday. The stock has a market capitalization of $187.79 billion, a P/E ratio of 17.82, a PEG ratio of 0.13 and a beta of 5.23. The company has a 50 day moving average price of $1,603.61 and a 200 day moving average price of $1,496.95. Sandisk Corporation has a fifty-two week low of $136.29 and a fifty-two week high of $2,354.39.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year. Sandisk announced that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that allows the company to buy back $14.00 billion in shares. This buyback authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes SNDK has been the topic of a number of research analyst reports. UBS Group restated an “overweight” rating and issued a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Rosenblatt Securities assumed coverage on Sandisk in a report on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a report on Thursday, August 6th. Finally, Bank of America boosted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.
Check Out Our Latest Stock Analysis on SNDK
Key Stories Impacting Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling. Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink Insider Transactions at Sandisk In other news, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,159,122. Corporate insiders own 0.29% of the company’s stock.
Sandisk Company Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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Sandisk očekává mezi fiskálními roky 2028 a 2030 roční růst tržeb ve středních až vyšších náctkách procent a zvýšení non-GAAP provozní marže z 63 % ve fiskálním roce 2026 na 75 %.
Buying growth stocks and holding them for a long time can help investors achieve market-beating returns, though there will be bouts of volatility along the way.
After all, growth stocks represent companies capable of growing at a faster pace than the industry in which they operate, so investors can decide to book profits when they become cautious. The same has been the case with Sandisk (SNDK -6.85%).
Shares of the memory specialist have surged by an incredible 827% over the past year. However, the semiconductor stock has pulled back 44% from the 52-week high it reached on June 22. The recent slide in Sandisk's shares can be attributed to concerns about the sustainability of the favorable demand-supply environment in the NAND flash market, as well as the viability of the huge outlay on artificial intelligence (AI) infrastructure.
Also, investors are fearing that potential competition from China could derail Sandisk's impressive growth. However, I feel that these fears are overblown, and the recent pullback in Sandisk stock gives investors a terrific opportunity to buy a top growth stock at an attractive valuation. Let's look at the reasons why.
Image source: Getty Images.
Sandisk's slide is a result of the market's overreactionSandisk stock took a big beating in July after Chinese memory company ChangXin Memory Technologies (CXMT) went public, causing panic in the memory sector as it aims to compete with giants like Micron Technology. Further, CXMT's claims that it is developing an advanced dynamic random-access memory (DRAM) chip have also weighed on the memory sector, including Sandisk.
SNDK Sandisk$1,299.30-$95.53 (-6.85%)
NASDAQ · As of 4:00 PM ET 10/16/26
Investors, however, should note that Sandisk doesn't compete with CXMT. Sandisk manufactures NAND flash storage products, a market that CXMT has yet to address. Also, even CXMT's existing DRAM technology is reportedly well behind the likes of Micron and SK Hynix. Given that CXMT was reportedly asking potential customers for prices at par with leading memory makers, such as Samsung and SK Hynix, it is hard to see it making a dent in the DRAM market until its promised technological gains materialize.
So, the fear created by the emergence of CXMT seems overblown. What's more, this isn't the first time that the emergence of a potential threat from China has created panic in the stock market. The launch of DeepSeek at the beginning of 2025 was reportedly set to signal the end of high AI infrastructure spending, but that hasn't been the case, as AI usage continues to increase.
As a result, investors will do well to look past the panic caused by news from China. Additionally, I have already stated that CXMT doesn't make NAND flash chips, so the sell-off in Sandisk seems overdone.
On the other hand, there isn't enough evidence supporting that the NAND flash industry's demand-supply advantage will vanish in 2027. The reason why I say this is that the AI boom has created terrific demand for NAND flash-based enterprise solid-state drives (SSDs) that Sandisk manufactures. The accompanying supply shortage has led to a massive price surge, with enterprise SSD contract prices reportedly up 3x year over year in the previous quarter.
Looking ahead, enterprise SSD demand is anticipated to grow at an annual rate of 35% through 2030 in a base-case scenario, according to McKinsey. Even better, market research firm IDC expects global SSD revenue to increase at an annual rate of more than 40% through 2030. This potential expansion in Sandisk's end market should pave the way for sustained growth in the company's revenue and earnings over the long run, especially considering that YMTC, China's state-backed NAND flash manufacturer, isn't expecting the supply crunch to ease until 2029.
Analysts, therefore, seem to be underestimating Sandisk's growth potential, as they believe its earnings per share will drop in fiscal 2029 (which will end in June/July 2029).
SNDK EPS Estimates for Current Fiscal Year data by YCharts
Sandisk could easily grow a $10,000 investment into a larger sumLet's say you have built a diversified portfolio and are sitting on $10,000 in investible cash, then buying Sandisk with that money could turn out to be a profitable move. The company noted in its August Investor Day presentation that it sees its total addressable market (TAM) growing to $500 billion next year.
Sandisk posted $20 billion in revenue in fiscal 2026, and it reportedly controls 11% of the NAND flash market, according to Counterpoint Research. Sandisk's revenue, therefore, could increase at a tremendous pace over the next year and a half. Moreover, the company expects to clock an annual revenue growth rate in the mid-to-high teens between fiscal 2028 and fiscal 2030.
Additionally, it sees its non-GAAP operating margin increasing to 75% by fiscal 2030, which points to a big bottom-line improvement considering that its non-GAAP operating margin was 63% in fiscal 2026. So, Sandisk seems to be in a solid position to outpace analysts' growth expectations.
The company's earnings are expected to triple in fiscal 2027 to $214.82 per share, according to Yahoo! Finance consensus estimates, followed by a 24% increase next year to $266.30 per share. Assuming its bottom line grows even 10% annually in fiscal years 2029 and 2030, Sandisk's earnings per share could jump to $322.22 after four years.
If this AI stock trades at even 10 times earnings at that time, a significant discount to the S&P 500 index's forward earnings multiple of 20, its stock price could hit $3,222. That's 148% higher than Sandisk's stock price right now, suggesting that it can turn a $10,000 investment into nearly $25,000 by 2030. With Sandisk trading at just 17 times earnings, it is a good time to buy this stock before it starts soaring once again.
Akcie společnosti SanDisk letos vzrostly téměř o 500 %; tržby ve čtvrtém fiskálním čtvrtletí meziročně vyskočily o 372 % díky vysokým cenám pamětí NAND.
Sandisk (SNDK -6.85%) has been the top-performing S&P 500 stock for most of 2026, until it was recently surpassed by the surging pharmaceutical company Moderna. Still, Sandisk is holding onto second place by a wide margin, and it has risen nearly 500% this year; not a bad one-year gain!
However, what's in the past is in the past. The question is, can Sandisk repeat its performance again in 2027?
While there are several other strong candidates for stocks looking like great investments in 2027, I have a hard time believing that Sandisk won't be one of them, as the same conditions that pushed it higher in 2026 will remain in 2027.
Image source: The Motley Fool.
The memory chip demand crunch is far from over
Sandisk makes NAND memory chips, which are used for long-term information storage. Devices like solid-state drives (SSDs) use NAND memory, and they are in high demand due to the massive AI data center build-out underway. SSDs don't have any performance characteristics that set one apart from another, so Sandisk's business is akin to a commodity. When demand is high and supply is low, as it is now, prices skyrocket, and this has driven Sandisk's revenue growth throughout 2026.
In the fourth quarter of fiscal year 2026 (ending July 3), Sandisk's revenue soared 372% year over year. That's huge growth, and much of it can be attributed to higher chip prices.
SNDK Sandisk$1,299.30-$95.53 (-6.85%)
NASDAQ · As of 4:00 PM ET 10/16/26
Many investors are worried that this trend could flip and send Sandisk's business crashing once demand goes the other way. That's a valid concern, and history supports that precedent. However, Sandisk is using this opportunity to reshape the industry.
Sandisk is starting to enter into new business model agreements with its customers, which lock clients into committed volumes with defined pricing structures. This makes memory chip prices less subject to demand and supply curves and only subject to contracted agreements. This locks in pricing and gives Sandisk and its investors greater visibility into what to expect in the future.
The long-term effect of this change is that Sandisk becomes less cyclical. However, the market still prices Sandisk stock as if it will experience a cyclical downturn in the near future.
SNDK PE Ratio data by YCharts.
At 19 times trailing earnings and 6.5 times forward earnings, the market isn't pricing in any 2027 growth into the stock. That is a great opportunity for investors to take advantage of, and it could help Sandisk triple throughout 2027 if it hits expectations and remains at its current trailing earnings valuation. That would place Sandisk among the best-performing S&P 500 stocks next year, allowing it to potentially earn another top-five finish in the index.
Sandisk (SNDK -6.85%) closed at around $1,395 on Oct. 15, its sixth straight daily decline. Over those six sessions, the flash memory maker's stock shed around 18% of its value.
Yet shares are still up about 488% this year, measured from their $237 close at the end of 2025. But they're also around 40% below the stock's June 25 peak close of $2,335.
Both numbers can make a would-be buyer pause. One suggests the big run already happened, and the other shows how fast the stock can drop.
I think the better comparison is to the business. Sandisk's profits are still climbing, just far more slowly than they were in the stretch that brought most of this year's gain.
Image source: The Motley Fool.
Slower profit growthSandisk first closed over $1,395 on May 5, under a week after it released its fiscal third-quarter results.
The business has delivered a lot since then.
Showing how fast its profits rose, Sandisk's non-GAAP (adjusted) earnings per share jumped from $6.20 in fiscal Q2 2026 to $23.41 in fiscal Q3, a 278% sequential gain. Fiscal Q4 (the quarter ended July 3) landed at $39.25, up 68% sequentially and above the $30 to $33 management had guided for. For fiscal Q1 2027, which ended in early October, Sandisk guided for $44 to $46. The midpoint comes to around 15% growth over fiscal Q4.
Sandisk posts the results on Oct. 29. But the guidance already shows growth in earnings per share slowing from almost quadrupling in one quarter to a mid-teens rise.
Much of the slowdown comes down to pricing. Sandisk said around two-thirds of its sequential revenue growth in fiscal Q4 came from higher prices. For fiscal Q1, though, management expects growth from both more storage shipped and only modest price increases.
Its guidance also calls for an adjusted gross margin of 83% to 85%, about level with fiscal Q4's 84.6%.
Compared with what Sandisk earns today, the stock doesn't look pricey. At around $1,395, Sandisk's price-to-earnings ratio is about 19, using the $73.76 in GAAP earnings per share Sandisk reported for fiscal 2026. And the fiscal Q1 guidance alone, at the midpoint, is over 60% of the adjusted earnings per share Sandisk posted for all of fiscal 2026.
Plus, the company is putting its cash to work. In fiscal Q4, Sandisk produced around $5 billion in adjusted free cash flow and spent $4.5 billion to buy back about 2.8 million shares. Later, its board approved another $14 billion in buybacks, leaving $15.5 billion authorized as of early August.
But a low price-to-earnings ratio for a memory company can mislead. Memory prices go in cycles, and these stocks can look cheapest when profits are near their peak.
After all, Sandisk earned just $2.99 a share on an adjusted basis in fiscal 2025, which ended in June last year.
Half of the output is protectedSandisk's answer to that sort of swing is its New Business Model agreements, multiyear supply deals with eight customers. They carry at least $93.9 billion in revenue at floor prices, and management expects them to cover around half of the storage Sandisk sells in fiscal 2027 and about two-thirds in fiscal 2028. The deals also include $16.5 billion in financial guarantees meant to protect Sandisk if a customer doesn't buy what it promised.
Management has said it expects attractive margins on the deals even at floor prices. That's arguably protection Sandisk didn't have in past downturns.
SNDK Sandisk$1,299.30-$95.53 (-6.85%)
NASDAQ · As of 4:00 PM ET 10/16/26
Of course, the rest of Sandisk's output still sells at market prices. And investors were reminded this week of how fast memory stocks can turn, as the group sold off amid worries over funding for artificial intelligence (AI) projects and progress at a Chinese memory chipmaker.
Is it too late to buy Sandisk stock? Not in the way a 488% gain could suggest. The stock is back where it was in early May, and the business has since earned and guided for far more.
But most of this year's gain came as earnings per share were multiplying from one quarter to the next. From here, the stock probably needs profits around today's level to hold for years, and only about half of Sandisk's output is under contracts built to support that. For a company that made less than $3 a share on an adjusted basis a fiscal year earlier, I think that's a lot to bank on, even 40% off the peak.
Sandisk (SNDK -0.61%) stock has already delivered an extraordinary run this year, up about 497% year-to-date, as of Oct. 13, 2026. There are risks with storage stocks, given the past boom-and-bust cycles in product pricing. However, the stock, currently priced at $1,416, has a realistic shot at nearly tripling to $4,128 over the next year or so, provided demand for storage and memory continues to outstrip supply and remains strong.
Image source: Getty Images.
CEO says Sandisk is still in the early innings of AI-driven growth
On the August 2026 earnings call, CEO David Goeckeler called AI inference a memory-centric, storage-intensive problem reshaping demand for NAND flash memory. Its leadership in this market is translating into broader customer adoption.
Revenue grew 51% quarter over quarter to $9 billion in the fiscal fourth quarter. Management expects revenue to grow approximately 17% sequentially in fiscal first-quarter 2027, to between $10.3 billion and $10.8 billion. Adjusted (non-GAAP) earnings per share (EPS) are expected to be between $44 and $46.
Sandisk is selling more high-speed solid-state drives (SSDs) to big cloud and AI companies that need fast storage for their most demanding computing tasks. In the latest quarter, it also began shipping a new, higher-capacity product called Stargate, designed for the massive data collections that AI systems create and use.
SNDK Sandisk$1,394.83-$8.51 (-0.61%)
NASDAQ · As of 4:00 PM ET 10/15/26
Over the last year, data center storage has grown from roughly 12% of the company's total bits shipped to 38%, making it Sandisk's fastest-growing market.
Goeckeler said he believes Sandisk is still in the early innings of this opportunity. That outlook aligns with broader AI spending trends. Goldman Sachs Research forecasts that global AI-related investment will exceed $1 trillion this year.
Sandisk's path to a $4,300 share price
The risk for any storage stock is cyclical price fluctuations. However, new long-term agreements with eight customers are expected to cover more than half of bits shipped in fiscal 2027 and two-thirds in fiscal 2028, providing greater visibility into revenue and earnings.
At the current $1,416 share price on Oct. 14, 2026, the stock is trading at a price-to-earnings (P/E) multiple of 19.2. Applying the same trailing multiple to the $215 consensus fiscal 2027 earnings estimate puts the share price at $4,128 next year.
Still, it's difficult to predict how the market will value the stock. If the market senses greater risk of a downturn in storage and memory pricing, or a stall in the AI spending boom, it may value the shares at a lower P/E multiple. Therefore, the stock may not deliver nearly as much upside.
Based on Goeckeler's comment on the runway of growth still ahead, I think the stock is worth buying. Top memory supplier Micron Technology is mostly sold out of advanced memory for 2027, and at higher prices than in 2026. This points to broad market demand for storage and memory that will continue to benefit Sandisk. Even a modest P/E on next year's earnings would send Sandisk stock price over $2,000 in 2027.
SanDisk má s osmi zákazníky víceleté smlouvy, které garantují minimální očekávané tržby ve výši 93,9 mld. USD, a finanční záruky ve výši 16,5 mld. USD.
Sandisk Corp‘s (NASDAQ:SNDK) has secured at least $93.9 billion in expected revenue through multi-year contracts, with financial guarantees designed to protect it if customers fail to meet their commitments.
The storage-chip maker’s shares have come under pressure as investors reassess the durability of AI-related semiconductor demand and the possibility of increased competition from China.
On Oct. 13, U.S. chip stocks extended their decline after reports of technological progress by Chinese memory maker ChangXin Memory Technologies (CXMT) raised concerns about future competition. SanDisk fell alongside Micron, Seagate and Western Digital.
For SanDisk, Distinction Between Memory Markets Matters.The Milpitas, California-based company specializes in NAND flash storage for solid-state drives and other storage products, rather than DRAM, which sits at the center of much of the current high-bandwidth memory debate.
Chinese competition could still pressure NAND pricing and sentiment, but DRAM developments do not automatically translate into an equivalent competitive threat to SanDisk.
The broader concern is whether AI infrastructure spending can sustain elevated demand and pricing across the memory industry. SanDisk’s long-term customer agreements provide a way to assess how much of its business is insulated from that uncertainty.
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In its fiscal fourth-quarter earnings call, SanDisk disclosed that its new business model agreements carried a minimum expected revenue value of $93.9 billion, assuming contractual floor prices. The company had agreements with eight customers, with a weighted average duration exceeding four years and some contracts extending up to five years.
These agreements include committed purchase volumes and pricing structures with floors and ceilings. SanDisk also disclosed $16.5 billion in financial guarantees, including cash deposits and financial instruments designed to protect the company if customers fail to meet their obligations.
The commitments are substantial, but they do not equal the $93.9 billion in cash already received or the profit guaranteed. The figure represents minimum expected revenue over the life of the agreements, while the guarantees provide a separate layer of protection. SanDisk’s remaining performance obligations totaled $59.8 billion at quarter-end, rising to $91.1 billion when the company included agreements signed after the quarter closed.
The contracts also do not eliminate exposure to market prices. SanDisk continues to sell products outside these agreements, where pricing can fluctuate with supply and demand.
What’s NextSanDisk targets 80% non-GAAP gross margins and a 50% adjusted free-cash-flow margin in fiscal 2028-30. Achieving those goals will depend on sustaining NAND pricing power, customer demand and converting its $93.9 billion contract book into cash flow. The commitments offer revenue visibility but cannot eliminate memory-market cyclicality.
Sax Wealth Advisors LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 684 shares of the data storage provider’s stock, valued at approximately $1,190,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its stake in shares of Sandisk by 35.1% in the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after acquiring an additional 14,964 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Sandisk during the second quarter worth approximately $4,775,000. Florida Financial Advisors LLC purchased a new stake in shares of Sandisk during the first quarter worth approximately $2,747,000. UNICOM Systems Inc. increased its position in shares of Sandisk by 14.9% during the second quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider’s stock worth $133,013,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Affinity Capital Advisors LLC acquired a new position in Sandisk in the 2nd quarter valued at $2,506,000.
Insider Transactions at Sandisk In related news, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares in the company, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the sale, the chief financial officer directly owned 130,976 shares in the company, valued at $205,479,078.08. This represents a 0.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,159,122. Corporate insiders own 0.29% of the company’s stock.
Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on SNDK shares. Rosenblatt Securities started coverage on shares of Sandisk in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price objective (up from $1,000.00) on shares of Sandisk in a report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective for the company. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,120.65. Check Out Our Latest Stock Analysis on SNDK
Sandisk Trading Down 5.3% NASDAQ SNDK opened at $1,403.34 on Thursday. The stock has a fifty day simple moving average of $1,599.14 and a 200-day simple moving average of $1,492.85. The stock has a market cap of $202.82 billion, a PE ratio of 19.25, a P/E/G ratio of 0.15 and a beta of 5.23. Sandisk Corporation has a twelve month low of $130.50 and a twelve month high of $2,354.39.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts predict that Sandisk Corporation will post 208.94 EPS for the current year.
Sandisk declared that its board has approved a stock buyback program on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Share buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.
Key Headlines Impacting Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: SanDisk entered a partnership with Meta Platforms to provide data-storage options for Meta’s VR glasses, supporting the company’s exposure to artificial intelligence, augmented reality and other long-term data-demand trends. SanDisk Stock Drops Despite Data Storage Partnership With Meta Positive Sentiment: Analyst Nicholas Mugalli reiterated a highly bullish long-term view, projecting a $3,000 price target and arguing that future earnings could make the valuation appear inexpensive. Other analysts also describe SNDK as an attractive buy-the-dip opportunity because of sustained AI-related memory demand. SanDisk Has More Upside Positive Sentiment: S&P Global upgraded SanDisk’s credit rating to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. A bullish investment case also points to robust NAND pricing, long-term contracts and financial guarantees. SanDisk Credit Rating Upgrade Neutral Sentiment: Strong third-quarter results from semiconductor-equipment maker ASML and continued expectations for AI infrastructure growth provide support for memory demand, but have not been enough to overcome current sector selling. Why Memory Stocks Are Falling Despite ASML Results Negative Sentiment: Chinese memory maker CXMT’s advances and plans to target high-end server memory are raising fears that new competition could pressure SanDisk’s pricing, market share and expected memory-cycle profits. Why Memory Stocks Are Falling Negative Sentiment: Hotter-than-expected U.S. inflation has increased macroeconomic and interest-rate uncertainty, while concerns about AI funding and stretched semiconductor valuations are adding to the sector-wide selloff. Market Open News About Sandisk (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
Featured Stories Five stocks we like better than Sandisk Tesla Wants to Make Its Own Chips—What Could Go Wrong? IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver? PBF Energy’s Stunning Rally Faces a Critical Test Citi Stock Falls Despite Earnings Beat: What Investors Need to Know Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
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Akcie společnosti SanDisk tento týden klesly o 11 % kvůli obavám z pokroku čínské společnosti CXMT v oblasti pamětí DRAM, přestože SanDisk vyrábí paměti NAND a CXMT není přímým konkurentem.
This is starting to look serious. Tic-tac-toe, three days in a row, Sandisk (Nasdaq: SNDK) stock has gone nowhere but down. Adding Wednesday's 4.6% decline (as of 2:35 p.m. ET) to similar declines Monday and Tuesday, shares of Sandisk -- one of the world's biggest makers of computer memory chips -- are now down 11% for the week, and approaching a 20% loss for the month.
Don't say you were not warned.
Image source: The Motley Fool.
What's dogging Sandisk stock this weekAs far back as Monday -- my, how time flies! -- I warned that this downturn had the potential to turn into a rout, as investors worried over news that Chinese DRAM company CXMT -- which makes DRAM memory chips -- was closing its technology gap with Western memory chipmakers.
CXMT bragged on Monday that it is making "key progress" on "4F square" technology to increase DRAM storage density. It further promised to introduce products targeting the market for high bandwidth memory (HBM) for AI data centers before the end of this year.
The last time something like this happened, Sandisk stock got cut nearly in half.
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What's next for Sandisk stockAnd yet, several things are worth remembering for investors spooked by the Sandisk sell-off. First and foremost: CXMT makes DRAM memory, but Sandisk doesn't. Instead, Sandisk makes NAND, a related technology that can be used similarly to HBM in a form that Sandisk calls "high bandwidth flash".
But they're not directly comparable, and CXMT is not a direct competitor to Sandisk.
It may not even be much of a competitor to Micron. In a note on StreetInsider.com today, Mizuho analyst Jordan Klein points out that while CXMT promised to "introduce" its 4F square product in 2026, it's probably years away from producing the chips at scale. He also doubts the CXMT product is comparable to HBM chips that Micron builds today, or to Sandisk's HBF. Most likely, it's an ordinary DRAM chip not suitable for AI data centers at all.
TL;DR Sandisk investors are panicking over this. They shouldn't.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy.
Sandisk očekává v 1. čtvrtletí fiskálního roku 2027 tržby ve výši 10,55 mld. USD, což představuje meziroční nárůst o 346 %, při hrubé marži kolem 84 %.
Memory giant Sandisk (SNDK -2.94%) didn't even exist as a stand-alone company two years ago, and now it's one of the most important companies in artificial intelligence (AI) development. Its stock is up an eye-popping 566% so far in 2026, but since mid-year, it has gotten harder to please the market. Here's what to look for when it reports its fiscal 2027 first-quarter results on Oct. 29, and whether you should buy the stock beforehand.
Core AI components Sandisk makes many memory products, including the SD memory cards that have been popular for years. Today, it's booming because it's one of the few major makers of NAND flash memory products critical to AI.
The cycle that made this the case has moved so rapidly that its direction and magnitude were not obvious when Western Digital (which bought SanDisk in 2016) spun the flash memory business back off as Sandisk in February 2025. The stock languished for its first few months on the market as an unprofitable venture, but it soared as the AI data center build-out accelerated, the amounts of memory that AI processors required expanded, and NAND became a key and undersupplied commodity.
Image source: Sandisk.
Sandisk's growth has been phenomenal since then. The company has become massively profitable, and it doesn't look like it's slowing down. In its fiscal 2026 fourth quarter (which ended July 3), revenue increased a stunning 372% year over year, and its gross margin was 84.6%. Operating income increased from $18 million in the prior-year period to more than $7 billion this year.
Memory has historically been a cyclical market, and management is planning for changes by changing its model and leaning into innovation. It has begun signing sales deals under what it calls its new business model, and as of the end of its fiscal Q4, it had locked in multiyear agreements with eight clients, giving it more reliable revenue streams than it previously had. It's also partnering with memory competitor SK Hynix to standardize memory components, which would be to both of their benefit, and it's upgrading its NAND technology to stay dominant in the space.
What to expect on Oct. 29 In the short term at least, growth is expected to remain very high. For the first quarter of its fiscal 2027, management is guiding to $10.55 billion in revenue at the midpoint, a 346% year-over-year increase, and a gross margin of about 84%. Wall Street is looking for $46.27 in earnings per share (EPS), up from $1.22 last year, and Sandisk tends to beat on expectations.
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The stock is now more than 35% off its summer peak, and a strong beat could boost the stock price immediately. However, the market's reaction will take into account many factors, particularly management's updated guidance and whatever it reveals about additional new business model agreements the company has signed.
By some measures, Sandisk stock isn't expensive, trading at under 22 times trailing-12-month earnings. Consider that if it adds more than $40 to EPS, the stock could easily jump without changing the ratio.
I wouldn't be surprised if Sandisk stock soars after earnings, but given its volatile nature, I'd take a cautious approach.
Klíčové pozice fondu Situational Awareness od lokálních maxim na přelomu září a října klesly o 6 % až 30 %; SanDisk a Micron, které tvoří 55 % portfolia, ztratily 19 %, respektive 14 %.
V létě musel mladý investor Leopold Aschenbrenner zkousnout velkou porážku, když jeho hedgeový fond Situational Awareness musel prodat většinu svého portfolia společnosti Citadel. Bývalý 25letý výzkumník OpenAI se tehdy spálil na extrémní koncentraci zaměřené na firmy spojené s AI infrastrukturou, které potkal velký výprodej. Nyní, o pouhých pár měsíců později, je Aschenbrennerův fond opět pod citelným tlakem.
Největší pozice fondu se od svých lokálních maxim dosažených na přelomu září a října propadly o šest až 30 procent. Největší váhu v portfoliu mají výrobci paměťových čipů SanDisk a Micron Technology, které podle údajů z formuláře 13F za druhé čtvrtletí tvoří dohromady 55 procent portfolia.
Přitom Sandisk je od svého říjnového maxima dole o 19 procent, Micron o 14 procent. Ztrácejí ale i další zástupci v portfoliu: Nebius (-11 %), CoreWeave (-13 %) a SharonAI, jejíž akcie spadly dokonce až o 30 procent, upozornil příspěvek na sociální síti X od účtu sledujícího Aschenbrennerův fond.
Leopold Aschenbrenner's biggest positions are getting hit again
Here's what his top holdings done since October highs:
• SanDisk $SNDK: down 19%
• Bloom Energy $BE: down 6%
• Nebius $NBIS: down 11%
• CoreWeave $CRWV: down 13%
• Micron $MU: down 14%
• SharonAI $SHAZ: down 30%
SanDisk and Micron are 55% of the fund, per Q2 13F
In July, a drawdown like this triggered a forced sale of his book to Citadel
— Leopold Stock Tracker (@LeopoldTracker_) October 13, 2026
Současná situace tak dává vzpomenout na konec července, kdy přílišná sázka na společnosti jako CoreWeave, Nebius, SanDisk nebo Bloom Energy v kombinaci s využíváním vysoké finanční páky (podle některých zdrojů kolem čtyřnásobku vlastního kapitálu) přinutila Aschenbrennera kapitulovat, protože jeho portfolio tehdy ztratilo 67 procent hodnoty během jediného měsíce.
Stalo se tak poté, co na trzích došlo k prudkému výprodeji v AI sektoru, který semlel i zmíněné tituly. Do toho navíc rostly akcie, které fond shortoval, takže fond prodělával na dlouhých i krátkých pozicích zároveň. To nakonec vedlo k jednomu z největších kolapsů hedgeového fondu posledních let.
Aschenbrenner investorům přiznal, že fond se dostal trvalému poškození kapitálu blíž, než by bylo přijatelné. Aby tak zabránil dalším ztrátám, prodal většinu portfolia společnosti Citadel, kterou vede miliardář Ken Griffin.
Restart s větší obezřetností
Po dramatickém výprodeji prošel fond faktickým restartem. Aschenbrenner investorům oznámil, že odstranil veškeré úvěrové financování portfolia, uzavřel krátké pozice a přebudoval proces řízení rizik. Fond si současně ponechal své soukromé investice, včetně významného podílu ve startupu Anthropic, jehož hodnota se pohybuje v miliardách dolarů.
Navzdory červencovému kolapsu zůstává fond po letních událostech stále v působivém zisku. A dobře je na tom i po zmíněném nedávném výprodeji na polovodičových akciích. Od začátku roku je totiž fond v plusu o 57 procent, což je odrazem mimořádně silného zhodnocení z předchozích měsíců.
Současná nemilá situace se však zdá být oproti červencovému kolapsu zásadně odlišná. Zatímco tehdy byly ztráty umocněny vysokou pákou financovanou prostřednictvím prime brokerů a následnými margin cally, tak po letní restrukturalizaci, by měl fond (i přes využívání opčních strategií) fungovat s výrazně konzervativnějším profilem rizika. To znamená, že i další výrazný pokles klíčových pozic by nemusel vést k tak dramatické spirále nucených prodejů, která fond v létě tak tvrdě zasáhla.
Akcie SanDisk v pondělí klesly o 5,7 %, přestože Goldman Sachs vidí příležitost v pamětech HBF pro AI; její ziskovost však závisí na cenách, výrobní výtěžnosti a schválení ze strany zákazníků.
Sandisk, the flash-memory supplier SNDK , faces a profitability test behind its AI-memory opportunity, with shares down 5.7% to $1,491.35 at 12:41 p.m. ET on Monday. Investing.com's October 12 report outlined Goldman Sachs' bullish case for high-bandwidth flash, or HBF. The opportunity is clear. The harder question is how much profit Sandisk can squeeze from the factory capacity needed to deliver it.
Sandisk and SK hynix released an Open Compute Project technical specification on August 3, with Google and Tenstorrent contributing to validation and standardization. The framework supports AI systems that place more memory near computing cores and allows HBF to work alongside high-bandwidth memory. That gives designers a foundation to build on. It does not guarantee orders. The GF Score of 45/100 shows strong growth and financial-strength readings alongside weaker profitability, suggesting investors should look beyond the growth story.
According to Investing.com, Goldman's optimistic scenario puts HBF at 9% of global NAND wafer capacity but just 4% of bit shipments by late 2028. Those shares imply a 2.25-to-one ratio of capacity share to shipment share. My take: heavier wafer consumption could tighten supply and support pricing, but it also raises the bar for returns. Sandisk still needs customer approvals, reliable manufacturing yields and prices that reward the capacity consumed. Technical progress opens the door. Profitable orders make the investment case.
Společnost SanDisk zvýšila ve fiskálním roce 2026 tržby o 175 % na 20,3 miliardy USD díky nedostatku paměťových čipů a poptávce po infrastruktuře pro AI.
Since spinning off from Western Digital in February 2025, Sandisk (SNDK -6.39%) has become one of the biggest beneficiaries of the artificial intelligence (AI) infrastructure boom. Over the past year, Sandisk stock has soared 1,100%. In 2026 alone, its gain of 570% makes it the second best performer in the Nasdaq-100.
Yet despite its extraordinary price appreciation, Sandisk trades at a modest valuation. With memory shortages potentially extending through 2028, could Sandisk's valuation actually be too conservative?
Image source: The Motley Fool.
How the memory shortage is benefiting Sandisk
Sandisk specializes in NAND flash memory, a technology used to power solid-state drives, smartphones, computers, and storage systems. While Nvidia GPUs receive most of the attention surrounding AI chips, the enormous amounts of data generated by those accelerators must be stored somewhere. That's creating a powerful tailwind for storage suppliers.
During its late September earnings report, Micron Technology indicated that memory supply bottlenecks could persist through 2027 and 2028. This commentary aligns with Sandisk's management, which has previously highlighted how strong customer demand is limiting supply.
So far, the memory boom has made a dramatic financial impact on Sandisk. The company generated $20.3 billion in revenue during fiscal 2026, representing 175% year-over-year growth. Meanwhile, Wall Street expects fiscal 2027 revenue to approach $49 billion, more than doubling again. For a historically cyclical industry, these are encouraging growth numbers.
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Sandisk's valuation still has room to expand
Wall Street expects Sandisk to generate approximately $215 in earnings per share during fiscal 2027. At a share price around $1,585, that translates into a forward price-to-earnings ratio of just 7.4. That looks inexpensive given the company's explosive revenue and profit growth.
SNDK Revenue (TTM) data by YCharts
It's important to note that memory manufacturers have historically traded at lower multiples because their profitability is more sensitive to supply and demand dynamics. When memory prices fall, earnings can erode surprisingly quickly.
But what if this AI-driven cycle is different? If AI infrastructure demand continues accelerating while NAND production remains constrained, Sandisk should enjoy unusually strong earnings for several years. This is what makes the company's shift toward multi-year customer agreements so savvy, as they provide more predictable revenue and earnings potential. In turn, growth investors could begin to assign Sandisk stock a higher valuation multiple.
Where could Sandisk stock trade by December?
In a downside scenario, investors may become concerned about weakening NAND prices or an eventual supply glut. If Sandisk were to trade at 5.5 times projected earnings, shares could retreat toward $1,182, representing about 25% downside to today's prices.
What I think is most realistic is Micron's supply outlook will prove accurate following Sandisk's upcoming earnings report on Oct. 29. At that time, investors could become more comfortable expanding the multiple. At nine times forward earnings, Sandisk would trade at approximately $1,935, implying 22% upside.
In a particularly bullish scenario, Sandisk's guidance could trigger both upward earnings revisions and multiple expansion. At 11 times projected earnings, Sandisk could approach $2,365, representing roughly 49% upside.
All told, I see a reasonable path toward $1,900 by year's end. Smart investors understand that Sandisk's modest valuation profile could reflect peak-cycle earnings rather than a genuine bargain. Nevertheless, secular tailwinds suggest Sandisk will continue benefiting from AI infrastructure demand and constrained memory supply. Against this backdrop, Sandisk looks like a compelling semiconductor stock to buy and hold as AI infrastructure continues to accelerate.
Akcie SanDisk v pondělí do 9:55 východoamerického času klesly o 6,6 % po zprávě o pokroku čínské společnosti CXMT v technologii DRAM pro datová centra zaměřená na AI.
Sandisk (SNDK -6.16%) stock sank 6.6% through 9:55 a.m. ET Monday -- and it's no mystery why.
Three months ago, worries about the durability of artificial intelligence demand combined with the threat of new competition in memory chips from China to cut Sandisk's stock price in half.
An IPO by ChangXin Memory Technologies, or CXMT -- a Chinese maker of DRAM memory chips -- sparked much of this selling. Today, CXMT is back in the news.
Image source: The Motley Fool.
China news todayAs TradingView.com reports, CXMT has made "key progress" on "4F square" technology to increase DRAM storage density and will release a new product targeting the AI data center market later this year.
CXMT isn't the only company exploring this technology. Indeed, both SK Hynix and Samsung have announced similar progress. That's not necessarily good news for U.S. memory producers like Sandisk and Micron, however. It still adds one more company to the list of rivals making DRAM advances, and threatening to eat their market share!
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What it means for Sandisk stockStill, there are two reasons Sandisk investors might not want to panic. First and foremost, because Sandisk doesn't actually make DRAM at all! It's a NAND memory specialist, and so, while competing in the same general industry as CXMT, it's not a direct competitor, blunting the threat.
And second, as Yahoo! Finance reports, the threat from CXMT may not even be as sharp as feared. Most investors first heard of CXMT when Apple asked permission to buy DRAM chips from it back in July. Apple soon abandoned the effort, however, when it learned CXMT was demanding prices even higher than SK and Samsung were charging!
Turns out, CXMT isn't quite as scary as we thought. And Sandisk investors needn't be as nervous as they are.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Micron Technology. The Motley Fool has a disclosure policy.
SanDisk stock NASDAQ:SNDK is sliding into earnings after one of Wall Street’s most spectacular rallies this year.
The stock closed Friday at $1,581.82, down 6.5% from Wednesday’s $1,692.42 close and roughly 8% below its October 2 close. Yet SanDisk remains up about 566% in 2026, while Wall Street’s average price target is around $2,173.
The problem is increasingly about expectations rather than demand.
AI-driven storage spending and tight NAND supply support pricing, but profitability has reached levels rarely associated with hardware.
With earnings due October 29, investors must decide whether those economics are durable or simply the best part of the cycle.
SanDisk’s 80% margin story is becoming harder to extrapolateSanDisk’s recent profitability has been extraordinary, as fiscal 2026 gross margin reached 71.6%, then climbed to 84.6% in the fourth quarter. Pricing accounted for two-thirds of sequential revenue growth.
Those figures are powerful while NAND supply remains tight but they raise the hurdle for the next report.
Nikolaos Sismanis, writing for TipRanks, warned that investors should not assume 80% margins are permanent while remaining bullish on SanDisk’s AI-storage opportunity.
“I would not assume 80% margins forever,” Sismanis wrote.
Management’s longer-term framework targets non-GAAP gross margins near 80% from fiscal 2028 through 2030, supported by richer data-centre mix and longer customer commitments.
The challenge is proving pricing can stay strong enough to sustain those economics once supply responds.
SanDisk’s 566% year-to-date gain has made it an example of Wall Street’s narrow AI-led advance.
Analysts noted that SanDisk and Micron have more than tripled in 2026 while over 40% of S&P 500 constituents are down this year. That concentration becomes uncomfortable when bond yields rise and investors reduce risk.
“The Fed has killed a lot of bull markets in the past,” Baird investment strategy analyst Ross Mayfield told Reuters, warning that another aggressive rate-hike cycle would be difficult for markets to absorb.
That matters because investors with enormous gains do not need the fundamental thesis to collapse before taking profits.
Recent selling has also come alongside concern around AI spending and weaker memory-sector sentiment. SanDisk fell 4.9% on Thursday and another 1.7% Friday.
SanDisk reports fiscal first-quarter results after the close on October 29. TipRanks puts consensus adjusted EPS at roughly $46.17.
The more important questions will concern enterprise SSD volumes, NAND pricing, supply discipline and whether management still expects data-centre demand to support its long-term margin framework.
Wall Street remains broadly bullish. Citi analyst Asiya Merchant has a Buy rating and a $2,100 price target, while the average sits near $2,173.
That optimism reflects the structural case for AI storage, but the hurdle is unusually high.
SanDisk’s last quarter demonstrated the risk. The company beat fiscal fourth-quarter earnings expectations, yet shares fell after its next-quarter revenue outlook disappointed investors despite gross-margin guidance of 83% to 85%.
Titleist Asset Management LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 477 shares of the data storage provider’s stock, valued at approximately $830,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Apella Capital LLC bought a new stake in Sandisk in the 3rd quarter valued at $1,953,000. Avidian Wealth Enterprises LLC increased its position in Sandisk by 124.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,178 shares of the data storage provider’s stock worth $2,050,000 after buying an additional 654 shares during the period. Valeo Financial Advisors LLC increased its position in Sandisk by 27.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,351 shares of the data storage provider’s stock worth $2,350,000 after buying an additional 292 shares during the period. Veracity Capital LLC boosted its position in shares of Sandisk by 10.5% in the third quarter. Veracity Capital LLC now owns 147 shares of the data storage provider’s stock valued at $256,000 after acquiring an additional 14 shares during the period. Finally, Tactive Advisors LLC bought a new position in Sandisk during the third quarter worth about $278,000.
Insiders Place Their Bets In other news, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.21% of the company’s stock.
Sandisk Trading Down 4.9% Shares of NASDAQ:SNDK opened at $1,609.46 on Friday. The firm has a 50 day moving average of $1,585.66 and a 200-day moving average of $1,469.83. Sandisk Corporation has a 12 month low of $116.17 and a 12 month high of $2,354.39. The stock has a market capitalization of $232.62 billion, a PE ratio of 22.08, a PEG ratio of 0.17 and a beta of 5.23. Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion during the quarter. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts predict that Sandisk Corporation will post 208.94 EPS for the current fiscal year.
Sandisk announced that its board has authorized a share buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades A number of research analysts have issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Mizuho lifted their price target on shares of Sandisk from $1,875.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Tuesday. Argus upgraded Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price target for the company in a research note on Monday, August 10th. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research report on Thursday, August 6th. Finally, BNP Paribas Exane lowered their price objective on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $2,120.65.
Check Out Our Latest Research Report on SNDK
Key Sandisk News Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling About Sandisk (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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Artemis Investment Management ve třetím čtvrtletí snížila podíl v SanDisk o 73,4 % prodejem 12 043 akcií; zůstalo jí 4 367 akcií v hodnotě 7,6 mil. USD.
Artemis Investment Management LLP reduced its stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 73.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,367 shares of the data storage provider’s stock after selling 12,043 shares during the quarter. Artemis Investment Management LLP’s holdings in Sandisk were worth $7,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Sandisk in the 2nd quarter worth about $23,408,732,000. Evergreen Quality Fund GP Ltd. purchased a new stake in shares of Sandisk during the 4th quarter valued at about $255,848,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sandisk by 31.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after acquiring an additional 828,332 shares during the last quarter. Situational Awareness LP lifted its holdings in shares of Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Sandisk in the second quarter worth about $1,621,353,000.
Sandisk Stock Down 4.9% Shares of SNDK stock opened at $1,609.46 on Friday. The firm has a market cap of $232.62 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.17 and a beta of 5.23. The company’s 50 day moving average is $1,585.66 and its 200 day moving average is $1,469.83. Sandisk Corporation has a 52-week low of $116.17 and a 52-week high of $2,354.39.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm’s revenue was up 371.6% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year. Sandisk declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Insider Activity In other news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. The trade was a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 77,899 shares of company stock worth $121,159,122. 0.21% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In A number of equities analysts recently commented on SNDK shares. Susquehanna dropped their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Mizuho increased their price objective on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Royal Bank Of Canada raised their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Finally, BNP Paribas Exane dropped their target price on Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $2,120.65.
Check Out Our Latest Stock Report on Sandisk
More Sandisk News Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling Sandisk Company Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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Farther Finance Advisors LLC raised its position in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,292 shares of the data storage provider’s stock after acquiring an additional 1,423 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sandisk were worth $16,167,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its holdings in shares of Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after purchasing an additional 6 shares in the last quarter. Nilsine Partners LLC grew its stake in shares of Sandisk by 3.2% during the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after purchasing an additional 7 shares in the last quarter. Insight Wealth Partners LLC increased its holdings in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock valued at $3,654,000 after buying an additional 7 shares during the last quarter. Cornerstone Financial Management LLC increased its holdings in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock valued at $55,000 after buying an additional 9 shares during the last quarter. Finally, Castle Rock Wealth Management LLC raised its stake in Sandisk by 2.4% in the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock valued at $969,000 after buying an additional 10 shares in the last quarter.
Key Stories Impacting Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling Insider Transactions at Sandisk In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the completion of the sale, the insider owned 25,588 shares in the company, valued at $44,393,644.72. This represents a 2.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the sale, the executive vice president owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This trade represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock valued at $121,159,122 over the last ninety days. 0.21% of the stock is owned by insiders. Sandisk Stock Performance Sandisk stock opened at $1,609.46 on Friday. The company has a market capitalization of $232.62 billion, a P/E ratio of 22.08, a PEG ratio of 0.17 and a beta of 5.23. Sandisk Corporation has a fifty-two week low of $116.17 and a fifty-two week high of $2,354.39. The stock has a 50-day simple moving average of $1,585.66 and a 200-day simple moving average of $1,469.83.
Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current year.
Sandisk declared that its board has approved a share repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Analyst Upgrades and Downgrades SNDK has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. UBS Group reissued an “overweight” rating and set a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. BNP Paribas Exane decreased their target price on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Finally, Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,120.65.
Read Our Latest Report on SNDK
Sandisk Company Profile (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
See Also Five stocks we like better than Sandisk Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
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Akcie Sandisk ve čtvrtečním obchodování klesly o 4,9 % poté, co OpenAI potvrdila, že její roční opakované tržby ke konci září dosáhly 50 miliard USD, oproti dříve uváděným 68 miliardám USD.
Sandisk (SNDK -4.90%) stock tumbled in Thursday trading, closing the day down 4.9%. And why?
Bond yields declined Thursday, and minutes released from the last meeting of the Federal Reserve Open Markets Committee suggest there's little appetite for continued interest rate hikes. Both these developments should be good news for Sandisk if they help lower the cost Sandisk customers pay when financing their purchases of computer memory chips.
Unfortunately for Sandisk investors, that wasn't all the news that came out Thursday. As CNBC reports, OpenAI just confirmed that its annual recurring revenue as of the end of September was only $50 billion -- not the $68 billion previously posited.
Image source: The Motley Fool.
What that means for Sandisk stockIf OpenAI's not making as much money as investors thought it was, then Sandisk's AI customers might actually need to take on more loans to buy the company's memory chips. Because if they're anything like OpenAI, their revenues may not be generating enough cash to pay for those chips out of cash flow alone!
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What's next for Sandisk stockShould Sandisk shareholders panic now? Not necessarily.
OpenAI fell short of the revenue mark in September, but the company still grew its revenue run rate 77% in the September quarter -- not too shabby. And a new report out of Lynx Equity Strategies lends further support to the theory that memory chip revenue will keep booming for years.
Tight supply of memory chips has driven up the prices Sandisk can charge for its wares, and according to Lynx analyst KC Rajkumar, memory supply in 2027 and 2028 will be "significantly tighter than in fiscal 2026." The longer supply remains tight, the longer Sandisk's profits should keep rising.
Trading at just 8x next year's earnings, Sandisk stock still looks like a buy to me.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
HWG Holdings LP bought a new position in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,666 shares of the data storage provider’s stock, valued at approximately $2,899,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Venture Visionary Partners LLC boosted its holdings in Sandisk by 12.4% in the 3rd quarter. Venture Visionary Partners LLC now owns 752 shares of the data storage provider’s stock valued at $1,310,000 after purchasing an additional 83 shares in the last quarter. Elm3 Financial Group LLC boosted its stake in shares of Sandisk by 302.3% in the third quarter. Elm3 Financial Group LLC now owns 688 shares of the data storage provider’s stock valued at $1,197,000 after buying an additional 517 shares in the last quarter. Wealth Enhancement Trust Services Inc. grew its holdings in Sandisk by 1,463.6% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 3,221 shares of the data storage provider’s stock worth $5,604,000 after acquiring an additional 3,015 shares during the period. PFW Advisors LLC raised its position in Sandisk by 4.4% in the third quarter. PFW Advisors LLC now owns 262 shares of the data storage provider’s stock worth $456,000 after acquiring an additional 11 shares in the last quarter. Finally, Lake Hills Wealth Management LLC lifted its holdings in Sandisk by 16.5% in the third quarter. Lake Hills Wealth Management LLC now owns 438 shares of the data storage provider’s stock valued at $762,000 after acquiring an additional 62 shares during the period.
Insider Activity In other news, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares in the company, valued at $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 77,899 shares of company stock worth $121,159,122. Company insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Arete Research increased their target price on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, August 27th. China Renaissance boosted their price target on Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada raised their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Finally, Citigroup reiterated a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,120.65. Get Our Latest Stock Report on SNDK
Key Headlines Impacting Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: AI demand is reshaping the memory market. Analysts argue that data-center and artificial-intelligence infrastructure demand may make the current memory upcycle more durable than traditional memory cycles. Sandisk’s large contract backlog and long-term customer commitments reinforce this view. Memory Trade: Cyclical or Durable Growth Positive Sentiment: Tight supply is supporting pricing and investor interest. Sandisk and Micron have outperformed a softer technology market as memory producers reportedly secure output through advance contracts. Sandisk’s data-center revenue rose sharply through fiscal 2026, highlighting hyperscaler demand as a key growth driver. Tight Memory Supply Outruns a Softer Tech Tape Positive Sentiment: Mizuho raised its Sandisk price target to $2,050 from $1,875 and maintained an Outperform rating, citing demand from agentic AI applications. Zacks also included SNDK on its Strong Buy and momentum-stock lists. Mizuho Raises Sandisk Stock Price Target Positive Sentiment: A substantial contract book and customer funding provide visibility. Sandisk reportedly has a $93.9 billion non-binding memorandum contract book, backed by financial guarantees and customer prepayments, while underlying free cash flow remains strong. A buyback may provide additional shareholder support. Sandisk Customer Money Is Keeping Pace With the Contract Boom Neutral Sentiment: Trading has been highly volatile. Sandisk initially moved lower alongside Micron and SK Hynix as investors took profits after a major rally and focused on upcoming earnings and sector reporting risk. The subsequent recovery suggests investors continue to favor the company’s AI exposure, but expectations are elevated. Memory Stocks Extend Losses in Premarket Negative Sentiment: Valuation and dependence on memory pricing remain risks. Commentary notes that Sandisk’s growth is heavily reliant on favorable pricing, while its steep 2026 advance leaves the stock vulnerable to profit-taking if supply conditions weaken or AI spending slows. Which AI Memory Stock Has More Room to Run? Sandisk Price Performance Shares of Sandisk stock opened at $1,692.42 on Thursday. Sandisk Corporation has a 1 year low of $116.17 and a 1 year high of $2,354.39. The business has a 50 day moving average price of $1,579.07 and a 200 day moving average price of $1,463.49. The company has a market capitalization of $247.80 billion, a P/E ratio of 23.22, a P/E/G ratio of 0.17 and a beta of 5.23.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion for the quarter. During the same quarter last year, the company posted $0.29 EPS. Sandisk’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.
Sandisk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
About Sandisk (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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Akcie společnosti SanDisk letos posílily o více než 600 % díky poptávce po pamětech NAND poháněné AI, která podle článku nadále převyšuje výrobní kapacity.
Sandisk (SNDK -0.92%) has had a monster year. It's up over 600% this year, making it the top-performing S&P 500 stock. It has had an incredible year, thanks to the strength of the AI build-out, which is consuming nearly all of the memory chip production capacity.
This has created an environment in which Sandisk can thrive; however, the market isn't convinced it will last, despite several outlooks saying it will. This could lead to a major investment opportunity, and if memory demand holds through 2030, Sandisk could be an incredible investment to make right now.
Image source: Getty Images.
Sandisk's upside comes from two areas Sandisk makes NAND memory, which is utilized for long-term information storage. For data centers, the most widely used product that utilizes NAND memory is the solid-state drive (SSD). This represents a bit of a problem for Sandisk, as there isn't much to separate one company's SSD from another's, so it's a commoditized product. Fortunately for Sandisk, nobody in the industry has enough production capacity to produce enough NAND memory, so prices for this commodity are rising.
This has led to incredible growth for both Sandisk and its peers, and it should continue for some time. One of Sandisk's industry peers, Micron, noted in its 2027 market outlook that it expects NAND industry shipments to grow in the low-20s percentage range. So, capacity isn't increasing that much, but AI demand is skyrocketing.
This will keep the NAND industry supply-constrained, and it may be some time before Sandisk and its peers can supply enough NAND memory to keep up with the soaring demand from data centers.
But what will that turn a $10,000 investment into by 2030? First, Sandisk stock should likely trade like a normal stock since a cyclical downturn isn't coming anytime soon. Right now, it trades at 8 times earnings expectations for fiscal year 2027, which ends in June 2027.
SNDK PE Ratio (Forward) data by YCharts
If Sandisk can trade for 20 times earnings at the end of next fiscal year, that's 150% upside right there. If Sandisk can grow 15% each year after that through 2030, that's another 50% growth. I think it's a bit of a conservative estimate, but I wouldn't be surprised to see Sandisk's stock triple over the next few years, turning a $10,000 investment into $30,000.
If Sandisk can do that, then it's a stock well worth buying, as not many stocks can do that in such a short time frame.
SanDisk za rok vzrostl o 1 200 %, ale analytický konsenzus očekává růst zhruba o 24 %; zdvojnásobení během 12 měsíců je kvůli nejistotě ohledně nedostatku pamětí nepravděpodobné.
The past year has been a tremendous one for Sandisk (SNDK -2.05%), as it has rallied an incredible 1,200%. But at $250 billion in market cap, it's still not among the top tech companies in the world in terms of valuation.
Sandisk's stock has been taking a breather in recent months as it's down around 27% from the high of $2,354 that it hit earlier this year. With a reduced valuation and plenty of growth opportunities due to the ongoing memory shortage, could the tech stock double in value within the next 12 months?
Image source: Getty Images.
Analysts still see plenty of upside for the stockWhile there may be less excitement around Sandisk's stock these days, analysts remain optimistic that it can go higher in the near term. Of 28 analyst ratings, 24 rate the stock a buy (the others are just 'hold'). The consensus analyst price target for Micron is just under $2,114, which implies an upside of around 24% from where it's trading right now.
Analyst price targets reflect expectations about where analysts think the stock will go in the short term, typically over the next 12 to 18 months. While a 24% gain is encouraging, the consensus suggests the stock isn't likely to double within the next 12 months.
However, if the company's upcoming earnings report features a rosy outlook and a significant upgrade to its guidance, analysts could very well raise their price targets for the stock.
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The stock may seem cheap, but I don't think it'll doubleSandisk has achieved impressive growth in recent quarters, and so the stock is trading modestly related to earnings -- its price-to-earnings (P/E) multiple is 23, which is in line with what the S&P 500 average is. But with Sandisk, its growth potential is massive, and thus, it may warrant a higher multiple. Based on its projected future profits, its forward P/E multiple is just eight.
However, investors don't appear willing to pay more for the stock due to uncertainty about how long the memory shortage will last. Once it ends, demand could slow significantly, and prices may also come down. Sandisk and other memory stocks could be vulnerable to significant declines.
Given the uncertainty, investors may thus not be as willing to price Sandisk's stock much higher than where it is right now. While it may still rise in value, particularly if its earnings results and guidance remain promising, I don't think it'll double in value within the next 12 months.
Akcie společnosti SanDisk v září vzrostly o více než 11 %, podpořeny očekáváním dlouhodobého nedostatku paměťových čipů v důsledku rozvoje AI a zařazením do indexu S&P 100.
September was a good month to be in the computer memory business. That, plus several company-specific developments, powered Sandisk (SNDK +0.26%) stock to a double-digit gain in the first month of Fall. Its equity rose by over 11% during the period.
Thanks for the memoryLike other tech hardware makers, Sandisk stock had its stumbles at the start of the month. Investors had grown increasingly wary of companies associated with the build-out of artificial intelligence (AI), questioning their often-lofty valuations and prices. Such doubts arose after key figures in AI development, particularly Anthropic CEO Dario Amodei, called for a slowdown in the development of advanced models to ensure greater security.
Image source: Getty Images.
That sentiment changed sharply in mid-September, with no less a figure than Intel (INTC -2.13%) CEO Lip-Bu Tan. He warned that the current memory shortage, already significant due largely to the increased resource needs of AI, could be exacerbated next year and persist until 2028. That implies prices rising higher, which, of course, would benefit Sandisk and its peers.
Influential market professionals agreed. Analysts at Citigroup (C +0.35%) echoed a similar view in a research note they published around the same time. In their view, the shortage will be quite long-lasting; they predict it'll only end in 2031.
Citigroup wasn't the only researcher with an eye on Sandisk. On Sept. 22, Rosenblatt initiated coverage of the company's stock with a buy recommendation and a price target of $2,400. Analyst Kevin Cassidy's key argument, according to reports, is that Sandisk's wares are moving from commodity products into the realm of mission-critical AI hardware.
Another bullish boost came from Cassidy's peer, Mizuho prognosticator Vijay Rakesh. In a new note on the tech hardware space, the analyst flagged seven prime stocks to buy. Sandisk was one of them, along with custom chip specialist Broadcom (AVGO +0.99%), PC maker Dell (DELL -0.81%) , and others.
Sandisk also saw a lift when it was tapped to be a component stock of the S&P 100 index. While this large-cap indicator isn't as influential or closely monitored as the benchmark S&P 500 index from the same company (S&P Global (SPGI +0.51%)), it still makes the company a prime target for the many index-tracking funds on the scene these days.
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Not a flash in the panI would agree with these recent, and rather optimistic, evaluations. Given how feverish the AI build-out is at the moment (and likely to remain for some time), there aren't many memory producers that can reliably supply it. Sandisk isn't only that, it's also a longtime go-to in the flash memory segment, so it's beautifully positioned to benefit from the AI revolution even if it only stands still. Yes, it's expensive in terms of price and valuation, but I think the former, in particular, can easily continue to go higher.
Citigroup is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Broadcom, Intel, and S&P Global. The Motley Fool has a disclosure policy.
Sandisk letos vzrostl o 632,96 % díky poptávce po AI úložištích a rekordní marži. Firma má smlouvy zajišťující minimálně 93,9 miliardy USD tržeb, ale další růst brzdí závislost na cenách.
Sandisk has surged over 600% this year on AI-driven storage demand and record margins, but the contracts protecting its downside may also be capping its ceiling. Whether this stock can push higher depends on one thing investors are watching very…
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Sandisk (NASDAQ:SNDK | SNDK Price Prediction) trades at $1,739.89. The stock should trade mostly flat with a slight upward tilt. Shares are up 632.96% year to date, which puts the durability of pricing in focus.
Sandisk makes NAND flash memory for SSDs, embedded storage and memory cards. It has traded independently since its February 2025 separation from Western Digital (NASDAQ:WDC). AI inference has made storage core infrastructure. Fiscal 2026 revenue rose 175.3% to $20.248B, with datacenter’s share of bits growing from roughly 12% to 38%.
Contracts Worth $93.9 Billion Make the Bull Case Sandisk trades at 8x forward earnings, compared with a trailing multiple of 23. Fourth-quarter EPS came in at $39.25 versus the $33.28 consensus, its fifth consecutive beat. Guidance calls for first-quarter revenue of $10.30B-$10.80B and EPS of $44.00-$46.00.
Visibility is now unusually long for a memory maker. Signed multi-year agreements carry a minimum of $93.9 billion in revenue at floor pricing, and customers have backed them with $16.5 billion in financial guarantees. Management expects the NAND market to approach $500 billion next calendar year, and Sandisk has a $15.5B buyback authorization left to use.
Record Margins Built on Pricing Could Mark the Peak Gross margin reached 84.6%, up from 26.4% a year earlier. About two-thirds of sequential growth came from higher prices. Smartphone and PC unit sales are expected to fall mid-teens this year. The company depends on Kioxia for manufacturing and sells heavily to a small group of hyperscale customers.
The stock trades at 16.9x book and 12.51x sales, both rich multiples for a cyclical business. Barron’s reported that Sandisk was among the AI stocks falling this week. Options traders have also taken a defensive position on several later expirations, where put/call ratios run as high as 2.98.
Contracts Set the Floor While the Cycle Sets the Ceiling Signed agreements cover more than 50% of fiscal 2027 bits, and that share rises to about two-thirds in fiscal 2028. That backlog limits the downside. Margins near their highs and a valuation that depends on continued price increases limit the upside. Three things will settle the debate: high-bandwidth flash updates at the upcoming Analyst Day, more agreement deals and pricing on uncontracted supply.
Wall Street Sees 23% Upside While Shares Sit 26% Below Their High The average analyst target of $2,136.54 implies about 22.8% upside. Across 24 analysts, the ratings break down as follows:
Strong Buy: 4 Buy: 16 Hold: 3 Strong Sell: 1 Shares sit 26.1% below the 52-week high of $2,354.39. Over the past month Sandisk gained 11.05%, while the S&P 500 rose 0.11%. Over the past week it fell 4.22%, compared with the index’s 0.59% decline. Over one year the gap is 1,450.7% for Sandisk against 14.09% for the index.
Pricing Durability Will Decide Sandisk’s Next Move At $1,739.89, Sandisk balances limited support against cyclical risk.
The limited backlog and an 8x forward multiple argue for upside. Margins near their highs and a business still driven mostly by pricing support the bear case. A stronger outlook would need first-quarter results at or above guidance, new agreements at margins near management’s 80% target and a decline toward the 50-day average of $1,530.7.
The outlook would weaken if pricing on uncontracted supply turns lower, customers delay deployments or guidance falls below current levels. Buybacks provide support for the shares, while the stock remains exposed to a cyclical downturn.
Watch gross margin, agreement deals and edge demand each quarter. The contracts protect the downside, but the stock needs proof that higher pricing will last before it can move significantly higher.
Contact [email protected] for any questions or corrections.
Sandisk ve fiskálním roce 2026 rozjela BiCS 8, připravuje BiCS 10 a investuje do HBF pro AI úložiště. Datová centra tvořila 38 % bitového mixu, proti zhruba 12 % před rokem.
Key Takeaways Sandisk is ramping BiCS 8, preparing BiCS 10 and investing in HBF for emerging AI storage architectures. Datacenter reached 38% of Sandisk's bit portfolio as enterprise TLC SSDs and QLC Stargate gained traction. Micron expands QLC and Gen 6 SSDs, while Seagate scales HAMR-based Mozaic drives for AI storage. Sandisk Corporation (SNDK - Free Report) is benefiting from continued innovation across NAND flash and enterprise storage products, strengthening its position in artificial intelligence (AI), cloud and edge markets. In fiscal 2026, SNDK ramped BiCS 8 to the majority of its bit production, improving performance, density and power efficiency across TLC and QLC products. The company is also preparing to ramp BiCS 10 while investing in high-bandwidth flash (HBF), which management believes could play a larger role in emerging AI memory and storage architectures. These initiatives strengthen SNDK’s competitive position against Micron Technology (MU - Free Report) and broader data-storage rival Seagate Technology (STX - Free Report) .
Sandisk’s expanding enterprise SSD portfolio is helping it capitalize on rising AI infrastructure requirements. The company scaled compute-focused TLC enterprise SSDs across a broad range of hyperscale and AI infrastructure customers and began generating revenues from its QLC Stargate platform in the fourth quarter of fiscal 2026. This gives SNDK exposure to performance-intensive compute workloads and high-capacity AI data lakes.
Datacenter accounted for 38% of SNDK’s bit portfolio exiting fiscal 2026, up from roughly 12% a year earlier. Management also expects Datacenter to rise to roughly 50% in 2026 from about 30% of NAND market TAM in calendar 2025 and continue outpacing the broader market in 2027.
Technology expansion beyond Datacenter provides another growth avenue. Sandisk serves smartphones, PCs, automotive, robotics and other edge applications, where AI-enabled devices and premium configurations are expected to increase storage content. Its vertically integrated model, spanning NAND design, manufacturing partnerships, controller development, system-level engineering and back-end assembly, allows the company to optimize performance and costs across the storage value chain.
The company targets mid-to-high-teens bit-supply growth, primarily through technology-node transitions rather than wafer additions. For fiscal 2027, capital spending is expected to increase year over year as BiCS 8 and BiCS 10 ramp, while investment relative to revenue is expected to decline to approximately 6%.
SNDK Faces Tough CompetitionMicron Technology competes directly with Sandisk in NAND, QLC and enterprise SSDs. MU generated roughly $5 billion in data-center SSD revenues in the third quarter of fiscal 2026 and cited record share gains in the category. It is expanding QLC products, PCIe Gen 6 SSDs and 245-terabyte drives, while its HBM, high-capacity DIMMs and LPDRAM portfolio gives it broader exposure to AI infrastructure. Micron Technology also highlighted its leadership in SOCAMM and said its strategic customer agreements are expected to cover roughly one-third of NAND bits at the company’s target level, supporting longer-term demand visibility.
Seagate Technology challenges Sandisk from the mass-capacity side through its HAMR-based Mozaic portfolio. Data-center demand represents about 90% of STX’s exabyte shipments, while the vast majority of nearline exabytes are allocated into calendar 2028. Mozaic 3 is qualified across major cloud customers; Mozaic 4 supports up to 44TB per drive and is ramping with leading CSPs, while Mozaic 5 qualification shipments are targeted for late 2027. Seagate Technology’s focus on tiered AI storage could capture a larger share of hyperscale storage spending alongside SSDs.
SNDK’s Share Price Performance, Valuation & EstimatesSandisk shares have appreciated 630.2% year-to-date, outperforming the broader Zacks Computer and Technology sector’s 21.8% growth.
SNDK Stock’s Price Performance
Image Source: Zacks Investment Research
SNDK stock is trading at a discount, with forward 12-month price/sales of 4.91X compared with the Computer- Storage Devices industry’s 3.21X. Sandisk has a Value Score of C.
SNDK’s Valuation
Image Source: Zacks Investment Research
For fiscal 2027, the Zacks Consensus Estimate for Sandisk’s earnings is currently pegged at $213.31 per share, up by a cent over the past 30 days, suggesting 200.95% growth from the year-ago estimate.
Sandisk currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SanDisk v posledním čtvrtletí zvýšila tržby o 371,6 % na 8,965 miliardy USD a EPS ve výši 39,25 USD překonal odhad. Firma navíc pro fiskální Q1 čeká tržby 10,30 až 10,80 miliardy USD a EPS 44 až 46 USD.
SanDisk has already surged hundreds of percent this year on record earnings and massive long-term contracts, yet one critical risk lurking inside its revenue breakdown raises questions about whether the rally can survive what comes next in the NAND cycle.
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Our 24/7 Wall St. Price Target for SanDisk (NASDAQ:SNDK | SNDK Price Prediction) is $1,547.70. The stock currently trades at $1,777.80, so the target means -12.94% downside. Our model rates the shares a hold, and its confidence in that call is high.
Metric Value Current Price $1,777.80 Price Target from 24/7 Wall St. $1,547.70 Upside/Downside -12.94% Recommendation HOLD Confidence Level 90% SanDisk now makes like a premium semiconductor business. After a 1,785.46% gain over the past year, though, the share price already reflects much of that improvement.
Why Our Model Could Be Too Cautious Our target is below today’s price. SanDisk’s New Business Model (NBM) contracts carry at least $93.9 billion in expected revenue even at floor pricing.
Management expects the NAND market to “approach $500 billion in revenue in calendar year 2027”. The full bull case follows below.
A 648% Year-to-Date Surge Backed by Record Earnings The shares slipped 0.78% over the past week, up 18.57% over the past month and 648.93% year to date. The stock trades 24.49% below its 52-week high of $2,354.39 and about 17x its 52-week low of $103.35.
In the fiscal Q4 earnings report on August 5, revenue rose 371.6% to $8.965 billion. Non-GAAP EPS came in at $39.25, beating the $33.28 consensus. That was the company’s fifth consecutive beat. For fiscal Q1, management guided to revenue of $10.30 billion to $10.80 billion and EPS of $44 to $46. The board also added a $14 billion buyback.
Why Bulls See $2,416 Within Reach Management says “demand from our customers is growing faster than our supply,” and expects bits to stay on allocation beyond 2027. Remaining performance obligations would reach $91.1 billion including two post-quarter NBMs, backed by $16.5 billion in financial guarantees.
Of analysts covering the stock, 20 rate it Buy or Strong Buy, with a consensus target of $2,136.54. Bull-case upside reaches $2,416.14.
What Could Drag SanDisk Toward $1,111 About two thirds of fiscal Q4’s sequential growth came from higher prices. Gross margin was at 84.6%, up from 26.4% a year earlier. Consumer revenue fell 32% from the prior quarter. The bear case is $1,111.29. Management targets NBM margins around 80% and expects “attractive margins even at floor pricing.”
SanDisk Versus Micron, Western Digital and Seagate Company Latest Quarter Revenue Growth Latest EPS Beat SanDisk 371.6% 17.94% Micron 345.72% 23.79% Western Digital 43.84% 8.11% Seagate 48.49% 12.11% Micron (NASDAQ:MU) is the closest NAND and DRAM comparable. Its 84.6% GAAP gross margin matches SanDisk’s, supporting memory pricing is raising the sector.
Western Digital (NASDAQ:WDC) sells only hard disk drives with 54.4% non-GAAP gross margin, showing how far below flash storage traditional storage runs.
Seagate (NASDAQ:STX) increased fiscal 2026 revenue 34.06%. Against this group, the target looks reasonable. SanDisk’s growth matches Micron’s but rests on NAND pricing, which moves in cycles.
SanDisk Price Prediction 2026-2030 The 24/7 Wall St. price target is $1,547.70 with a hold rating and 90% confidence. The market discounts peak-cycle earnings heavily. A more positive view would require NBM floors to hold through calendar 2027 and edge demand to return to growth.
Caution remains warranted if price increases stall before new contracts take a larger share of bits. The fundamentals look excellent, and valuation already reflects them fully.
Base-case figures here extend our model forward and assume current trends hold.
Year Price Target from 24/7 Wall St. 2026 $1,547.70 2027 $1,554.30 2028 $1,463.05 2029 $1,437.01 2030 $1,492.21 Contact [email protected] for any questions or corrections.
Sandisk schválil zpětný odkup akcií za 14 miliard USD, což představuje více než 5 % jeho tržní kapitalizace. Firma zároveň ve fiskálním 1Q 2027 očekává tržby až 10,8 miliardy USD.
Sandisk (SNDK +1.38%) has been the hottest stock in the S&P 500, and its $14 billion buyback can extend the rally. Buybacks artificially increase stock prices by reducing the number of shares outstanding, but there are a few subtle signals they can provide.
While buybacks aren't always good, they are in this case and warrant a closer look into Sandisk.
Image source: Getty Images.
What the buyback means The announcement arrived when Sandisk reported its fiscal 2026 fourth-quarter earnings in August. The company authorized $14 billion in stock buybacks, bringing its total remaining authorization to $15.5 billion.
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That's more than 5% of Sandisk's current market cap, which indicates meaningful buying pressure is on the way. Each person's stake will make up a larger percentage of the company as Sandisk initiates buybacks. That will make it more difficult for shorts to hold their positions, and it gives shareholders another incentive to remain bullish.
Buybacks can be bad for mature companies that are just trying to please shareholders. Any money put into a buyback could be reinvested in the business. However, Sandisk has plenty of money to spare and an appealing long-term growth trajectory. A 51% sequential jump in sales plus a 77% net profit margin put Sandisk in rare company.
Long-term memory tailwinds remain intact Memory is a key part of the artificial intelligence (AI) bottleneck. Meta Platforms recently launched its Muse app, and Microsoft just introduced an updated Copilot app to keep up with Anthropic.
All of these apps require substantial amounts of AI infrastructure in the background, including memory products like the ones Sandisk provides.
These developments came before Sandisk released its latest earnings report, which anticipates up to $10.8 billion in fiscal 2027 Q1 sales. That high end of guidance represents a 20% sequential boost in sales.
Sandisk has locked up multiyear deals with several customers, squashing concerns about a cyclical downturn affecting the stock. Grand View Research backs up this assertion, projecting a 30.6% compound annual growth rate (CAGR) for the AI industry through 2033.
The key thing about Sandisk's buyback is that it's not the only thing exciting investors. If a buyback is the only catalyst left to excite investors, it's a sign that the company has matured and offers few growth prospects going forward.
However, it was easy to miss the fact that Sandisk announced a $14 billion buyback in its fiscal 2026 Q4 results. That's a sign of how good Sandisk's current and future fundamentals are. When a buyback serves as icing on the cake rather than the main entree, it's a positive signal for long-term shareholders.
Sandisk je 23 % pod červnovým maximem 2026 na 2 354 USD, přestože ve 4. fiskálním čtvrtletí tržby meziročně vzrostly o 372 %. Růst táhne poptávka datových center.
Sandisk (SNDK +1.38%) looks worth buying after its recent pullback, even though the memory and storage industry can be cyclical. The stock is down 23% from its June 2026 high of $2,354, despite a fiscal fourth-quarter report that showed revenue surging 372% year over year.
The pullback may be setting up the next leg higher as data center storage demand accelerates.
Image source: Getty Images.
Data centers are now Sandisk's growth engine For years, Sandisk was best known for consumer flash storage, such as microSD cards used in phones, cameras, and gaming devices. Today, it's become a major enterprise supplier. CEO David Goeckeler said at Goldman Sachs' Sept. 9 conference that the storage industry is at a "watershed moment," with data centers becoming more than half of the NAND flash market.
That shift has powered a 1,600% gain in the stock over the past year as of Sept. 24, 2026. AI workloads require massive memory and storage bandwidth, since model outputs must be stored and accessed quickly and repeatedly. The demand for these products is outstripping supply, sending Sandisk's revenue soaring.
Over the past year, the data center market grew from 12% of Sandisk's bit volume to 38% by the end of fiscal 2026 (ended July 3, 2026). Better yet, enterprise products typically carry higher margins than consumer ones. In the most recent quarter, adjusted earnings jumped 68% over the previous quarter to $39.25 per share, and analysts see earnings continuing to climb over the next two years.
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Long-term customer deals reduce (but don't erase) cycle risk Historically, NAND pricing was negotiated quarterly, leading to sharp swings in average selling prices and volatile revenue. That structure is changing.
Sandisk has signed eight "new business model" agreements with data center and edge computing customers, securing nearly $94 billion in future revenue. These contracts run up to five years -- averaging more than four across the eight deals signed so far. Management expects them to represent more than 50% of bit volume in fiscal 2027, rising to about two-thirds in fiscal 2028.
The big benefit: these agreements help establish a pricing floor, supporting healthier margins. The drawback is that the remaining uncommitted volume is still exposed to price swings. If data center demand cools or Sandisk overinvests in manufacturing capacity, causing an oversupply situation, this could cause earnings to decline, sending the stock down.
So the cyclical risk isn't completely gone, but revenue and earnings should be more stable than in the past. Management expects revenue growth in the mid-to-high teens between fiscal 2028 and fiscal 2030. It also expects a roughly 50% free cash flow margin. This implies management is building toward a highly profitable, more sustainable long-term growth strategy that may not yet be priced into the stock.
With Sandisk stock trading at less than 10 times forward earnings -- and with a growing base of long-term customer commitments -- the dip offers a compelling value setup for investors willing to live with some remaining cycle risk.
Sandisk schválil zpětný odkup akcií za 15,5 miliardy USD, který může stáhnout až 5,6 % současných akcií. Firma zároveň potvrzuje silný volný peněžní tok.
SummarySandisk Corporation is reaffirmed as a Strong Buy, driven by robust contracted revenues, capital efficiency, and aggressive share buybacks.Kioxia joint ventures deliver 27% annual bit growth and superior capital efficiency, with manageable capex and a long-term extension through 2034.The $15.5 billion buyback authorization could retire up to 5.6% of shares, with strong free cash flow supporting ongoing capital returns.High Bandwidth Flash (HBF) offers upside beyond NBM contracts, while DRAM cost volatility remains a key margin risk to monitor. alacatr/iStock Unreleased via Getty Images
Sandisk Corporation (SNDK), aka Sandisk stock has taken a sort of scenic route since I last wrote about it in August. Back then, the shares traded at around $1,787, dipped as low as ~$1,520 on September 16, and
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Rosenblatt zahájil pokrytí Sandisk s doporučením Buy a cílovou cenou 2 400 USD, protože AI mění NAND flash v kritickou infrastrukturu. Akcie letos vzrostly o 698,69 %.
Rosenblatt analyst Kevin Cassidy initiated coverage of Sandisk (NASDAQ:SNDK | SNDK Price Prediction) with a Buy rating and a $2,400 price target, arguing that AI workloads are transforming NAND flash from a commodity into critical computing infrastructure. The call arrives…
Rosenblatt analyst Kevin Cassidy initiated coverage of Sandisk (NASDAQ:SNDK | SNDK Price Prediction) with a Buy rating and a $2,400 price target, arguing that AI workloads are transforming NAND flash from a commodity into critical computing infrastructure. The call arrives after a blockbuster fiscal 2026 in which Sandisk stock has rallied 698.69% year to date. For long-term investors, the initiation frames NAND as a structural AI beneficiary rather than a cyclical trade.
Ticker Company Firm Action Old Rating New Rating Old Target New Target SNDK Sandisk Rosenblatt Initiation N/A Buy N/A $2,400 Analyst’s Case for a Repriced NAND Cycle Cassidy told clients that new AI compute platforms create an opportunity to reposition NAND “from a commodity storage medium to a more system-critical component of AI infrastructure,” with expanding model sizes and data-intensive inference prioritizing density, performance, endurance and supply certainty over lowest price.
He credits Sandisk’s BiCS8 and BiCS10 platforms for delivering density gains with fewer 3D layers than competitors, backed by a 25-year manufacturing partnership with Kioxia. The $2,400 price target is set at 10 times his fiscal 2028 earnings estimate, and he argues that New Business Model (NBM) agreements with eight of the largest NAND customers could cover roughly 65% of fiscal 2028 production.
Company Snapshot: A Data Center Growth Engine Sandisk, spun off from Western Digital in February 2025, closed fiscal Q4 2026 with revenue of $8.965 billion, up 371.59% year over year, and non-GAAP EPS of $39.25 against a $33.28 consensus. Data center revenue reached $2.977 billion, and the full-year data center segment expanded 437% year over year.
Management said data center represented 38% of the portfolio exiting fiscal 2026, versus roughly 12% of bits a year earlier. CEO David Goeckeler called NAND “a critical component of the AI architecture” and cited more than four years of demand visibility through NBMs, with total expected revenue from signed agreements of at least $93.9 billion assuming floor pricing.
Why the Rosenblatt Call Matters Now Sandisk trades at roughly 8x forward earnings, a striking multiple given fiscal 2028 EPS consensus of $264.72 and a $2,125.09 average analyst target. Cassidy’s $2,400 target sits above that consensus and aligns with management’s own fiscal 2028-to-2030 framework of mid-to-high-teens revenue growth, roughly 80% non-GAAP gross margin and 50% adjusted free-cash-flow margin.
The company estimates NAND industry revenue will exceed $300 billion in calendar 2026 and approach $500 billion in 2027, with bits expected to remain on allocation beyond calendar 2027. A $14 billion buyback authorization and a net cash balance sheet reinforce the capital-return story.
What the Sandisk Stock Setup Means for Your Portfolio The analyst upgrade lands after a 22.16% one-week move in Sandisk stock, so entry timing matters. Retirement-focused investors should weigh contractual NBM visibility against genuine risks flagged by management, including market-pricing swings in non-NBM business, consumer softness, and reliance on the Kioxia relationship. The Rosenblatt price target raised the bar on where NAND could re-rate, and it warrants a closer look for investors researching AI infrastructure exposure beyond the obvious names (we reverse-engineered what the biggest tech winners looked like early in a free playbook here: The Next Nvidia Playbook).
Contact [email protected] for any questions or corrections.
Sandisk v roce 2026 vzrostl asi o 650 % a obchoduje se kolem 1 790 USD. Autor článku ale čeká v roce 2030 spíš cenu kolem nízkých 2 000 USD, tedy podprůměrné zhodnocení.
Shares of Sandisk (SNDK -1.41%) have risen about 650% in 2026 and trade close to $1,790 as I write this. A rally like that shifts the discussion to what the business could be worth years from now.
Management has put its own answer in writing. At its investor day in August, Sandisk set out a model spanning fiscal 2028 through fiscal 2030 -- and taken at face value, it depicts an exceptionally profitable company.
But the model lives in the memory business, where Sandisk's gross margin was about 16% as recently as fiscal 2024 (the 12 months ended June 2024).
Image source: Getty Images.
Management's model implies immense cash flowSandisk sells NAND flash memory, and the artificial intelligence data center expansion has transformed its results.
Datacenter revenue rose from $325 million in fiscal 2024 to $960 million in fiscal 2025 to $5.2 billion in fiscal 2026, growing faster every year. Total revenue hit $20.2 billion in fiscal 2026, up 175% year over year.
Growth is on track to continue, too. Sandisk guided for fiscal 2027 first-quarter revenue of $10.3 billion to $10.8 billion, along with non-GAAP (adjusted) earnings per share of $44 to $46.
Hold revenue unchanged at that midpoint for four quarters (no growth at all), and fiscal 2027 revenue totals about $42 billion.
The model starts from a base of that size. Management calls for revenue growth in the mid-to-high teens each year, adjusted gross margin close to 80%, and adjusted free cash flow at about 50% of revenue.
Increase a $42 billion base 15% annually for three years, and fiscal 2030 revenue comes to about $64 billion. At 18%, it's more like $69 billion. Use the model's cash flow target, and you end up with about $33 billion of adjusted free cash flow that year. Sandisk's total market value today, about $260 billion, is about eight times that number.
Can the margins withstand a downturn?The model's weak spot isn't demand -- it's the premise that today's economics hold. Sandisk's gross margin was 16.1% in fiscal 2024, 30.1% in fiscal 2025, and 71.5% in fiscal 2026, and fiscal 2024's margin came with a $672 million net loss (fiscal 2025 posted a loss, too).
Even fiscal 2026's profits arrived late in the year. Gross margin reached 84.6% in the fiscal fourth quarter, up from 78.4% the prior quarter. Management reported higher prices generated about two-thirds of the fourth quarter's sequential revenue growth.
Put another way, the model asks pricing Sandisk has enjoyed for about two quarters to hold for four more years. I'm doubtful it will.
Granted, Sandisk has more protection than in previous cycles. Its long-term supply agreements (it calls them New Business Model agreements) span eight customers and come with committed volumes and minimum financial guarantees. The contracts cover about half of expected supply in fiscal 2027 and about two-thirds in fiscal 2028. But they haven't been through a declining market yet, and a guaranteed minimum isn't an 80% gross margin.
And if one of the model's years includes a typical memory correction, the cash flow could drop rapidly. Say fiscal 2030 free cash flow comes in at half the modeled amount -- about $16 billion. At 10 to 12 times that cash flow, Sandisk would be worth $160 billion to about $190 billion, or about $1,100 to $1,300 per share. That leaves the stock 25% to 40% below where it trades today.
A below-market return looks most likelyIf the model holds, the payoff looks much better. Value about $33 billion of fiscal 2030 free cash flow at 12 to 15 times free cash flow, and Sandisk would be worth about $400 billion to $495 billion. That comes to roughly $2,700 to $3,400 per share at today's share count.
From here, the total return could amount to about 50% to 90% over around four years, or about 11% to 17% a year.
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Notably, some of that cycle risk might already be priced in. The stock trades at about 24 times earnings but only about 10 times the adjusted earnings its fiscal Q1 guidance implies at an annualized rate.
Where does that leave the stock in 2030? My honest answer is a broad range: about $1,100 if the cycle bites, and about $3,400 if the model holds and the market pays up. I think the most likely result sits in the low $2,000s -- a below-market return from today's price.
In the end, Sandisk is arguably executing as well as any memory company in recent history, and its supply contracts may cushion the next downturn.
But at about $1,790, I simply believe the price already assumes the model largely works. Indeed, I think the model asks four years of peak economics from a business that has a high risk of cyclical contractions.
Sandisk během pátečního obchodování vzrostl o 11 % díky plánovanému zařazení do S&P 100, silným výsledkům — zisku 39,25 USD na akcii a tržbám 8,96 miliardy USD, které meziročně vzrostly o 371,6 % — a novému zpětnému odkupu akcií za 14,00 miliardy USD.
Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s stock price rose 11% during mid-day trading on Friday . The stock traded as high as $1,797.00 and last traded at $1,791.82. Approximately 17,296,647 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 15,837,746 shares. The stock had previously closed at $1,614.39.
Key Stories Impacting Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: SanDisk’s planned addition to the S&P 100 is providing a potential demand catalyst, as index-tracking funds may need to purchase the stock and the inclusion could increase institutional visibility. Why is SanDisk stock gaining 8% today? Positive Sentiment: The rally also reflects powerful operating momentum. SanDisk recently reported quarterly earnings of $39.25 per share versus the $33.28 consensus estimate, while revenue surged 371.6% year over year to approximately $8.97 billion. Management guided to first-quarter fiscal 2027 EPS of $44 to $46. SanDisk Stock Surges on Explosive Q4 Earnings and Massive Buyback Positive Sentiment: A newly authorized $14 billion share-repurchase program, representing as much as 6.6% of shares outstanding, is reinforcing the bullish outlook by potentially supporting earnings per share and signaling management’s confidence in the stock’s value. SanDisk Unveiled a $14 Billion Buyback Positive Sentiment: Investors continue to favor SanDisk as an AI-storage beneficiary. Data-center demand, tight memory supply, and expectations for sustained NAND pricing are supporting optimism about future margins and earnings. The Memory Shortage Is Not Over Neutral Sentiment: SanDisk is outperforming other storage and memory stocks as investor interest concentrates on its AI exposure, although part of the move reflects a broader rebound in semiconductor sentiment and improved technology-market conditions. SanDisk Jumps as Storage Bid Concentrates in One Name Negative Sentiment: China’s ChangXin Memory Technologies is preparing to enter the NAND market, creating a longer-term competitive threat that could pressure pricing, market share, and margins for SanDisk and other memory suppliers. CXMT Enters the NAND Memory Market Negative Sentiment: CEO David Goeckeler and CFO Luis Felipe Visoso recently sold shares under pre-arranged Rule 10b5-1 plans. The sales are not necessarily bearish, but they may add caution after the stock’s substantial advance and could encourage profit-taking. Analysts Set New Price Targets A number of equities research analysts recently commented on SNDK shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Evercore reiterated an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Zacks Research lowered shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. The Goldman Sachs Group restated a “buy” rating and set a $2,200.00 price objective on shares of Sandisk in a research note on Thursday, August 13th. Finally, UBS Group reaffirmed an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $1,998.14.
Check Out Our Latest Stock Report on SNDK The firm’s fifty day moving average price is $1,500.67 and its two-hundred day moving average price is $1,356.90. The stock has a market capitalization of $262.36 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.18 and a beta of 5.17.
Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.
Sandisk announced that its board has approved a share buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Insiders Place Their Bets In related news, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at $205,479,078.08. The trade was a 0.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 44,058 shares of company stock valued at $68,098,118. Corporate insiders own 0.21% of the company’s stock.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in SNDK. BlackRock Inc. purchased a new stake in shares of Sandisk in the second quarter valued at about $23,408,732,000. Situational Awareness LP grew its stake in shares of Sandisk by 42.4% in the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after buying an additional 743,325 shares in the last quarter. Wellington Management Group LLP increased its stake in Sandisk by 71.2% during the second quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock worth $2,425,811,000 after purchasing an additional 443,714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Sandisk by 57.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider’s stock valued at $1,652,370,000 after buying an additional 264,935 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Sandisk in the 2nd quarter valued at approximately $1,621,353,000.
About Sandisk (Get Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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SanDisk dnes vzrostl až o 8,04 % po zprávě o zařazení do S&P 100 s účinností od pondělí 21. září. Firma zároveň vykázala tržby 8,97 miliardy USD a EPS 43,97 USD.
SanDisk SNDK shares rose sharply on Friday as investors reacted to the company’s upcoming inclusion in the S&P 100 and continued strength in its financial performance.
The stock gained as much as 8.04% during Friday’s session.
The semiconductor company is set to join the S&P 100 before trading begins on Monday, September 21, replacing longtime index member Colgate-Palmolive.
The S&P 100 is a subset of the S&P 500 that includes some of the largest and most established companies in the broader index.
Companies seeking inclusion in the S&P 500 must meet requirements related to factors including market capitalisation, liquidity and profitability.
S&P Dow Jones Indices announced earlier this month that SanDisk would be added to the S&P 100, replacing Colgate-Palmolive.
The upcoming inclusion could increase demand for SanDisk shares in the short term as funds and exchange-traded products tracking the index adjust their holdings.
The buying related to the change may have contributed to Friday’s share-price move.
Over the longer term, however, the company's operating and financial performance is likely to remain a more significant factor for investors than its index membership.
The inclusion could also increase SanDisk’s visibility among institutional investors and add to the company’s profile as an established member of the broader US equity market.
SanDisk’s recent financial performance has provided another factor for investors to consider.
For its fiscal 2026 fourth quarter, which ended July 3, the company reported revenue of $8.97 billion, representing a 372% increase from the same period a year earlier and a 51% sequential increase.
Diluted earnings per share came in at $43.97, compared with a loss in the prior-year period. EPS also increased 91% from the previous quarter.
The results come as demand for memory chips used in artificial intelligence applications continues to support the semiconductor industry.
SanDisk has emerged as a beneficiary of the broader AI infrastructure buildout, with AI servers requiring significant amounts of high-speed NAND flash storage.
SanDisk shares are currently trading at about 24 times earnings and eight times forward earnings.
AI demand remains key focusThe outlook for AI-related semiconductor demand remains an important consideration for SanDisk investors.
Nvidia CEO Jensen Huang reportedly made bullish projections at an AI executive summit, saying chip sales in 2027 are expected to reach twice the level of 2026.
The projection reinforces expectations for continued demand for high-performance computing infrastructure, including memory and storage components.
SanDisk's exposure to NAND flash storage therefore places the company within the broader investment theme surrounding AI infrastructure spending.
Wall Street's stance also remains constructive.
Analysts have a consensus Buy rating on the stock, while the average 12-month price target is approximately $2,124.
With Sandisk preparing to enter the S&P 100 and reporting significant year-over-year and sequential revenue growth, investors will continue to focus on whether strong AI-related demand can support the company’s financial performance beyond the near-term boost associated with index inclusion.
CEO společnosti Sandisk David Goeckeler prodal 33 838 akcií za 51 700 065,06 USD v rámci předem připraveného plánu 10b5-1. Po transakci drží 413 410 akcií, tedy o 7,57 % méně.
Sandisk Corporation (NASDAQ:SNDK – Get Free Report) CEO David Goeckeler sold 33,838 shares of Sandisk stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $1,527.87, for a total value of $51,700,065.06. Following the completion of the transaction, the chief executive officer directly owned 413,410 shares of the company’s stock, valued at approximately $631,636,736.70. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sandisk Price Performance Shares of NASDAQ:SNDK opened at $1,614.39 on Friday. The firm has a market capitalization of $236.38 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a 1 year low of $93.54 and a 1 year high of $2,354.39. The firm’s 50-day moving average is $1,503.16 and its two-hundred day moving average is $1,353.83.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.
Sandisk declared that its board has approved a stock buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in SNDK. Dunhill Financial LLC acquired a new stake in Sandisk during the second quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $32,000. Kilter Group LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Sandisk in the 2nd quarter valued at $34,000. Finally, Triumph Capital Management grew its position in shares of Sandisk by 220.0% in the 2nd quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock valued at $36,000 after buying an additional 11 shares during the last quarter.
Trending Headlines about Sandisk Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Analysts say the memory shortage may persist, potentially supporting pricing and further upside for Sandisk. NAND supply contracts could also improve earnings visibility as demand from data centers and AI infrastructure grows. The Memory Shortage Is Not Over Positive Sentiment: Recent investment commentary argues that Sandisk’s shift toward data-center and AI-driven storage could lift the value of each bit sold. Management’s long-term targets of roughly 80% non-GAAP gross margins and 75% operating margins support a higher normalized earnings outlook. Sandisk Earnings Power Analysis Positive Sentiment: Memory-chip stocks rallied broadly as easing oil prices and lower Treasury yields improved risk appetite for technology shares. The sector rebound helped Sandisk recover from losses earlier in the week. Why Memory-Chip Stocks Are Jumping Positive Sentiment: Sandisk’s latest reported quarter included earnings of $39.25 per share, well above the $33.28 consensus estimate, while revenue rose 371.6% year over year. The company has also authorized a $14 billion share-repurchase program, which could provide additional support. Neutral Sentiment: Articles highlighting Sandisk’s more than 1,700% annual advance and its distance from the prior peak frame the stock as a high-momentum opportunity, but also emphasize that historical performance does not guarantee further gains. Sandisk Momentum and Historical Performance Negative Sentiment: Sandisk’s CEO and CFO sold shares under pre-arranged Rule 10b5-1 plans. The transactions were small relative to their remaining holdings, but continued insider selling may temper investor sentiment after the stock’s sharp run-up. Sandisk CFO Insider Sale Negative Sentiment: Commentary warns that Sandisk’s elevated valuation leaves it vulnerable to profit-taking, renewed concerns about AI spending, competition and volatility in memory stocks. Leveraged products tied to SNDK can amplify both gains and losses, underscoring the risk of a reversal. Risks of Leveraging Sandisk Analysts Set New Price Targets A number of research analysts recently issued reports on the company. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Royal Bank Of Canada upped their price target on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Morgan Stanley increased their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,900.00 price objective on shares of Sandisk in a research note on Monday, August 10th. Finally, Wedbush reissued an “outperform” rating and set a $2,000.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,998.14.
Get Our Latest Report on SNDK
About Sandisk (Get Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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Sandisk schválil zpětný odkup akcií za 14 miliard USD spolu s výsledky za fiskální čtvrté čtvrtletí. Tržby vzrostly meziročně o 372 % na téměř 9 miliard USD.
In February 2025, Sandisk (SNDK +6.21%) was spun off from Western Digital and became an independent company. Since the split, a vertical share price has been the default for Sandisk investors. So far in 2026, Sandisk stock has rocketed 548% -- making it the top-performing stock in the Nasdaq-100. Shares are rallying hard on exploding demand for NAND flash memory in data center solid-state drives (SSDs).
Right in the middle of its historic run, Sandisk's management authorized a $14 billion stock buyback in conjunction with its fiscal fourth-quarter earnings report. I'll admit, buying a stock after such a parabolic rise looks odd at first glance. But with the help of Warren Buffett, smart investors can determine whether this share repurchase is a smart idea.
Image source: Getty Images.
Why Warren Buffett loves stock buybacks For decades, Buffett said that when a company can buy its own stock at below the value of the underlying business, that is often a great use of cash. The idea is simple: Shrink the share count so existing investors start owning more of the profits.
Apple is a prime example. The iPhone maker is one of Berkshire Hathaway's signature holdings, and Buffett has repeatedly praised the way former Apple CEO Tim Cook chose to repurchase stock consistently. This was lucrative for Berkshire because as the share count fell, the firm's slice of Apple's earnings grew, even if the investment conglomerate didn't buy more shares.
Buffett's argument is that if management can pay less than intrinsic value during buybacks, the remaining shares inherently become more valuable. If management overpays, however, it diminishes value creation for shareholders.
Image source: Getty Images.
Does it make sense for Sandisk to buy back stock? If you analyze Sandisk stock solely on its percentage gains, you may think the buyback is foolish. Remember, Buffett would shrug at the stock chart. Instead, the Oracle of Omaha would ask whether Sandisk's business is worth more than the price being paid under the repurchase program.
Sandisk's Q4 numbers were not modest. Revenue reached nearly $9 billion, up 372% year over year. The company's data center business is increasingly becoming a larger portion of sales, growing 437% year over year and comprising nearly one-quarter of Sandisk's total business now. Thanks to the artificial intelligence (AI) boom, Sandisk is able to command lucrative pricing power for its NAND solutions, which carry gross margins in the mid-80s percentage profile.
To me, the buyback signals that Sandisk's management thinks the cash the company will be able to throw off exceeds what the market is capitalizing today. Fewer shares will make earnings per share (EPS) appear to grow faster than the underlying business. That can bring in a new cohort of buyers who fixate more on earnings-per-share growth than they do on a NAND story.
Premium Feature
Moneyball Superscore
78/100
Today's Change
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6.21
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94.42
Current Price
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Is Sandisk stock a buy right now? Memory names have a nasty habit of being cyclical. What looks different this time is the combination of multiyear contracts, the pace of hyperscaler capex, and Nvidia doing whatever it takes to secure extra memory.
In my eyes, Sandisk's buyback authorization is a signal that management believes the stock sits under the value of the franchise. Management's conviction, in combination with the company's secular tailwinds, makes Sandisk stock a compelling name to own outside of the usual AI semiconductor stocks.
Netlist v první polovině roku 2026 ztrojnásobil tržby na 214,7 mil. USD a hrubý zisk vyskočil o 1 582 % na 45,3 mil. USD. Sandisk mezitím ve fiskálním 4. čtvrtletí zvýšil tržby z datových center o 103 % mezikvartálně na 2,98 mld. USD.
Key Takeaways Netlist's first-half 2026 revenues tripled to $214.7M as gross profit surged 1,582% to $45.3M.Sandisk's fiscal Q4 data-center revenues rose 103% sequentially to $2.98B as AI storage demand climbed.NLST trades at 2.33X forward sales versus 4.44X for SNDK after both posted triple-digit YTD gains. Artificial intelligence (AI) is reshaping the memory semiconductor space as increasingly complex workloads demand higher bandwidth, greater capacity and improved power efficiency. This backdrop is driving demand for next-generation technologies such as high-bandwidth memory (“HBM”), DDR5 and NAND flash.
Netlist, Inc. (NLST - Free Report) and Sandisk Corporation (SNDK - Free Report) gain exposure to these trends in two very different ways. NLST combines memory-product sales with a substantial patent portfolio, while SNDK benefits from surging NAND requirements across AI data centers.
Both players bring their unique strengths to the table, making it an intriguing comparison for investors.
Now the question arises: which stock makes a better investment pick at present? Let us dive into the fundamentals, valuations, growth outlook and risks for each company.
The Case for NLSTNetlist's most striking strength is its recent growth trajectory. First-half 2026 revenues reached $214.7 million, roughly three times the prior-year level, while gross profit increased to $45.3 million, up 1,582%. Operating income came in at $9.9 million against a $16 million operating loss in the prior-year period. Although management noted that much of the revenues came from the resale of “difficult-to-source” DRAM products, the company is also gaining traction with its Netlist-branded offerings.
The company’s Lightning portfolio of overclocked, low-latency DDR5 RDIMM and UDIMM products has been gaining traction, as highlighted by the management.
Meanwhile, NLST's CXL NVvault solution is sampling with system-on-chip vendors, hyperscalers and key OEMs for next-generation hardware platforms.
Netlist is also upbeat about MRDIMM and high-performance server memory architecture aimed at overcoming the bandwidth limitations of DDR5 RDIMMs. Management, citing industry analysts, noted that MRDIMM could be a $100 billion market by 2030.
The biggest recent development is Netlist's five-year strategic alliance with Samsung. The alliance spans patent portfolio cross-licensing, memory product supply and technology cooperation.
Under the terms, Samsung will receive access to Netlist's complete patent portfolio, including server DIMM and HBM technologies. Netlist will get DRAM and NAND supply from Samsung. More importantly, both companies agreed to settle and mutually release all pending legal actions. Samsung will also purchase 10 million shares of Netlist common stock.
The new alliance changes a contentious relationship into a long-term commercial partnership while giving Netlist access to memory supply from a major industry player. Memory availability has been constrained, and on the last earnings call, management, citing industry analysts, highlighted that these conditions could prevail through the next year.
Though the Samsung settlement substantially reduces one major legal uncertainty, it does not eliminate other lawsuits. NLST is continuing with its other patent litigation and filed a patent infringement action against Micron Technology, Supermicro, HPE and Lenovo with the United States International Trade Commission last month. NLST is seeking exclusion and cease-and-desist orders against Micron and others. Legal outcomes are inherently difficult to forecast and can produce significant volatility.
Much of Netlist's revenue growth has come from reselling “difficult-to-source” DRAM rather than from its branded products. Netlist's next-generation technologies remain at different stages of commercialization and investors will be watching closely whether new products such as CXL NVvault and MRDIMM can translate into meaningful revenue contributions.
The Case for SandiskSandisk enters the comparison with considerably stronger scale and financial momentum. Sandisk became an independent publicly traded company after Western Digital separated its HDD and Flash businesses into two companies, each focused on its respective market. Sandisk manages the Flash business.
AI is becoming an increasingly important part of Sandisk's mix. Datacenter represented about 38% of the company's bits exiting fiscal 2026, up from about 12% a year earlier, making it Sandisk's fastest-growing end market. Demand for NAND storage products is increasing rapidly as investments in data centers and AI infrastructure ramp up.
For the fourth quarter of fiscal 2026, Datacenter revenues rose 103% sequentially to $2.98 billion, while Edge revenues increased 48% to $5.43 billion. Total revenues surged 51% sequentially and 372% year over year to $8.97 billion. First-quarter fiscal 2027 revenues are expected to be in the range of $10.3-$10.8 billion, supported by bit growth and higher pricing.
Sandisk is benefiting from its BiCS technology across TLC and QLC, while high-bandwidth flash also represents a longer-term opportunity. The company also started shipping the QLC Stargate platform, which expands its portfolio across performance-intensive compute workloads and high-capacity AI data lakes.
A key differentiator in Sandisk’s strategy is the introduction of the new business models (NBMs), which are reshaping its revenue visibility. Sandisk added that it has signed NBMs with eight customers, representing roughly 50% of bits in fiscal 2027 and nearly two-thirds of bits in fiscal 2028. The agreements carry minimum expected revenues of $93.9 billion based on floor pricing, providing an unusually strong level of forward demand visibility.
Profitability is also impressive. In the last reported quarter, non-GAAP operating margin rose to 79.2% from 70.9% in the previous quarter, reflecting strong revenue growth. Adjusted free cash flow totaled $5.04 billion, representing a 56% margin. Sandisk also repurchased $4.5 billion of stock during the quarter, and its board subsequently authorized an additional $14 billion repurchase program. The company ended the quarter with $4.76 billion in cash and cash equivalents.
Sandisk’s 2026 Investor Day added further visibility to its long-term AI-driven growth story. Management highlighted that AI inference and the increasing use of KV cache are making data centers significantly more storage-intensive, with the addressable market for enterprise data-center flash projected to reach 1.2 zettabytes by 2030.
Sandisk also discussed its longer-term financial framework. For fiscal 2028 through fiscal 2030, management expects revenues to grow at a mid-to-high-teens rate, broadly consistent with bit growth. During this period, it expects non-GAAP gross margins of around 80%, non-GAAP operating margins of approximately 75% and adjusted free cash flow margins of roughly 50%. Management also intends to return 100% of excess cash to shareholders after investing in the business.
However, the company continues to face cyclicality in its Consumer business. Consumer revenues declined 32% sequentially to $556 million in the fiscal fourth quarter. Management also expects smartphone and PC unit shipments to decline by the mid-teens this year. Product roadmap execution, potential supply-chain disruptions and intense competition in the memory space remain concerns. Sandisk expects customer demand to grow faster than supply and says bits will remain on allocation beyond calendar 2027.
Price Performance & Valuations of NLST & SNDKYear to date, both NLST and SNDK have registered triple-digit gains. NLST is up 430.7% while SNDK is up 553.8%.
Image Source: Zacks Investment Research
Netlist is trading at a forward 12-month price/sales multiple of 2.33X, lower than SNDK's 4.44X.
Image Source: Zacks Investment Research
How Do the Consensus Estimates Compare for NLST & SNDK?Analysts have revised their earnings estimates significantly upward for NLST for the current year in the past 60 days.
Image Source: Zacks Investment Research
Estimates have been revised up 9.5% for SNDK's bottom line for the current fiscal year.
Sandisk těží z růstu AI úložišť: tržby Edge ve fiskálním roce 2026 vzrostly o 195 % na 12,16 mld. USD. Firma čeká další růst kapacity úložiště v AI zařízeních.
Key Takeaways SNDK's Edge revenues surged 195% in fiscal 2026, fueled by rising AI-driven storage demand.Higher storage per AI-enabled device could support SNDK across smartphones, PCs and edge systems.Micron and Seagate intensify competition with broad memory and mass-capacity storage portfolios. Sandisk Corporation (SNDK - Free Report) is positioned to benefit from rising storage requirements across smartphones, PCs, automotive systems, robotics, and other edge devices as on-device artificial intelligence (AI) adoption expands. Management expects AI-enabled devices, premium configurations and richer content to drive higher storage content per device, particularly in smartphones. This expanding opportunity could strengthen SNDK’s competitive position against Micron Technology (MU - Free Report) and Seagate Technology (STX - Free Report) as demand for high-performance and high-capacity storage grows across edge platforms.
The Edge business is already becoming an important growth engine for Sandisk. Edge revenues reached $5.43 billion in the fourth quarter of fiscal 2026, up 48% sequentially. For fiscal 2026, Edge revenues surged 195% year over year to $12.16 billion. Edge product volumes grew by high single digits on an exabyte basis in fiscal 2026, while revenue per gigabyte climbed nearly 180% on the back of higher sales and pricing.
SNDK’s Edge portfolio spans PCs, mobile devices, gaming, automotive, physical AI, home entertainment and industrial applications. Its SSDs and embedded flash products are designed to provide high performance, reliability, capacity and power efficiency. These attributes should become increasingly important as more AI workloads are processed locally and devices require greater storage capacity without sharply increasing power consumption. The shift toward on-device and physical AI could provide another long-term catalyst. Management expects PCs and smartphones to return to growth in calendar 2027. Beyond that, on-device agentic AI, robotics, automotive applications and richer content are expected to expand the role of high-performance flash at the Edge. SNDK expects storage content per device to increase through future refresh cycles, supported by rising adoption of premium AI-enabled devices.
SNDK’s technology and manufacturing capabilities should also support this opportunity. The company manages the value chain from NAND design and front-end manufacturing through controllers, system-level design, assembly and testing. Its BiCS technology offers strong performance, density and power efficiency, while supply growth is primarily driven through nodal transitions rather than wafer additions. Management expects this approach to support mid- to high-teens bit growth while reducing capital intensity as a percentage of revenues.
SNDK Faces Tough CompetitionMicron competes directly with SNDK across NAND, client SSDs, and memory products used in AI-enabled PCs, smartphones and other edge devices. MU’s broader portfolio represents an important competitive advantage because it can capture demand across NAND, DRAM and low-power memory. Micron highlighted leadership in mobile and client LPDRAM as well as QLC client SSDs, while its focus on complex, high-performance products and deep multi-year customer roadmaps could help it secure a greater share of rising memory content in AI devices.
Seagate challenges SNDK through its mass-capacity HDD portfolio and HAMR-based Mozaic platform. Seagate’s Edge IoT revenues increased 20% year over year to $697 million in the fiscal fourth quarter of 2026. The company expects robotics, autonomous vehicles and other physical-AI applications to further accelerate video and sensor-data creation at the edge. Seagate also sees tiered storage combining memory, SSDs and HDDs as increasingly important for AI, potentially shifting some incremental AI-generated data toward lower-cost HDDs and intensifying competition with SNDK.
SNDK’s Share Price Performance, Valuation & EstimatesSandisk shares have appreciated 553.8% year to date, outperforming the broader Zacks Computer and Technology sector’s 18.5% growth.
SNDK Stock’s Price Performance
Image Source: Zacks Investment Research
SNDK stock is trading at a discount, with forward 12-month price/earnings of 7X compared with the broader sector’s 20.59X. Sandisk has a Value Score of C.
SNDK’s Valuation
Image Source: Zacks Investment Research
For fiscal 2027, the Zacks Consensus Estimate for Sandisk’s earnings is currently pegged at $213.30 per share, unchanged over the past 30 days, suggesting 200.93% growth from the year-ago estimate.
Sandisk currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SanDisk klesl o 4,6 % poté, co investoři zpochybnili tempo růstu výdajů na infrastrukturu pro AI. Ve fiskálním 4. čtvrtletí tržby dosáhly 8,965 mld. USD a zhruba dvě třetiny růstu táhly ceny.
SanDisk Falls 4.6% With Prices Driving Two-Thirds of Its Quarterly Sales Jump Data-center expansion is substantial, but pricing contributed more than volume to the latest sequential increase. Summary
SanDisk’s growth depends on both expanding shipments and preserving favorable flash-memory prices.
SanDisk's pricing leverage came under pressure Monday as investors questioned how fast AI infrastructure spending can keep climbing. SanDisk SNDK, the flash-memory and storage producer, traded 4.6% lower at $1,554.42 as memory stocks sold off. According to 24/7 Wall St., the retreat followed calls from industry leaders for a slower pace of AI development, putting another question mark over one of the hottest demand engines for memory.
The numbers explain why SanDisk has so much riding on the cycle. Fiscal fourth-quarter revenue reached $8.965 billion, jumping 51% sequentially, with management attributing roughly two-thirds of the increase to pricing and one-third to volume. Data-center revenue climbed to $2.977 billion, while the much larger Edge business generated $5.432 billion. That means data centers accounted for about 33.2% of total revenue—big enough to make AI spending matter, but not big enough to make SanDisk a pure AI infrastructure story.
The GuruFocus picture reinforces that split. SanDisk carries a GF Score of 51 out of 100, with financial strength and growth standing out as its strongest areas, while GF Value and momentum remain the obvious weak spots. That is the tension investors need to watch: the company has powerful earnings leverage when memory pricing rises, but a business driven this heavily by price can turn quickly when the cycle cools. The next earnings report therefore needs to show more than another pricing boost—it needs stronger shipment growth capable of keeping revenue moving even if memory prices stop doing the heavy lifting.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
SanDisk před vstupem do S&P 100 v pátek vyskočil o 11,9 % na 1 740 USD a stal se největším růstovým titulem S&P 500. Firma zároveň oznámila, že tržby za čtvrtletí vzrostly o 372 % na 8,97 mld. USD.
Friday's rally made Sandisk the S&P 500's top performer before its September 21 index promotion. Summary
Summary: Index demand meets a NAND business already growing revenue at triple-digit rates.
Sandisk Corporation SNDK, the flash-memory powerhouse, earned promotion to the S&P 100 before trading opens September 21. The announcement followed an explosive Friday session that sent the stock 11.9% higher to $1,740, making it the S&P 500's biggest gainer and pushing its market value to roughly $273 billion. U.S. markets were closed Monday.
The operating numbers are just as dramatic. Sandisk's latest quarterly results showed revenue rocketing 372% to $8.97 billion, gross margin expanding to 84.6% and data-center revenue more than doubling sequentially to $2.98 billion. Management also lifted the remaining share-repurchase authorization to $15.5 billion and projected as much as $10.8 billion in revenue for the coming quarter.
That repurchase capacity represents approximately 5.7% of Sandisk's market capitalization, while S&P 100 admission could unlock another wave of index-fund demand. Yet the GuruFocus chart flashes a clear warning beneath the spectacular growth: Sandisk's GF Score is only 51 out of 100, with strong growth and financial strength offset by weak GF Value and momentum readings. Sandisk has squeezed exceptional profits from the memory boom, but sustaining a $1,740 valuation will require its long-term customer agreements to hold firm when NAND supply eventually catches up.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Sandisk uzavřel 10 dlouhodobých smluv na dodávky flash pamětí, které mohou během své životnosti přinést minimálně 93,9 miliardy USD výnosů. Firma tak má mít cenovou ochranu pro více než polovinu objemu ve fiskálním roce 2027.
Sandisk (SNDK +11.90%) earned $6.9 billion of net income in its latest quarter, largely because memory prices went on an extraordinary run. The market clearly doubts the run can last.
The growth stock still sits more than a quarter below its 52-week high. And the stock costs only about 8 times expected fiscal 2027 earnings. A price like that assumes much of today's profit won't survive the cycle.
The flash memory specialist's answer is written into contracts. It now has 10 long-term supply agreements with eight data center and edge customers, and they are expected to produce at least $93.9 billion of revenue over their lives -- assuming prices settle at their contractual floors. For scale, fiscal 2026 revenue, up 175% year over year, was $20.25 billion.
How much downside protection does a floor like that buy?
Image source: Getty Images.
A $93.9 billion minimumThe agreements (Sandisk calls them New Business Model agreements) commit the company to deliver, and its customers to buy, set volumes of flash memory over multiyear terms -- more than four years on a weighted-average basis, and up to five. Pricing combines fixed and variable elements, and the variable part is subject to floors and ceilings. The $93.9 billion is the minimum those terms produce if every variable price lands at its floor. It isn't an annual figure or a conventional backlog -- it's contracted revenue spread across the agreements' lives. The agreements also carry financial guarantees (customer cash deposits and other instruments totaling $16.5 billion) in case a buyer walks away. And on the company's August earnings call, chief financial officer Luis Visoso said Sandisk expects them to cover more than half of its bits (the volume of memory shipped) in fiscal 2027 (the fiscal year that began in July), and about two-thirds the following year.
Notably, the floor assumption cuts only one way. If market prices hold above the floors, revenue comes in higher, up to the contracts' ceilings.
The contracted book is still building, too. Remaining performance obligations (contracted product not yet delivered) went from $41.6 billion in early April to $59.8 billion by July 3. And two agreements signed after the fiscal year closed, with a combined contract value the annual report puts at $31.3 billion, aren't in that total.
How bad could the next bust be?Sandisk's recent history shows what an unprotected downturn looks like. In the final quarter of fiscal 2025, the company generated just $1.9 billion of revenue, ran a 26.2% gross margin, and posted a small net loss. Four quarters later, revenue was $8.97 billion, gross margin was 84.6%, and net income came to $6.9 billion.
Most of that swing came from price, not volume. Management said higher pricing accounted for about two-thirds of the quarter's growth from the prior quarter. And its outlook asks for more of the same: fiscal first-quarter 2027 revenue of $10.3 billion to $10.8 billion, with non-GAAP gross margin expected to hold between 83% and 85%.
The floors are aimed at the reverse trip. In fiscal 2025, nothing stood between Sandisk's revenue and a falling spot price.
If the cycle turns now, more than half of this fiscal year's volumes can't reprice below their contractual minimums, whatever the spot market does. That, I'd argue, is the biggest change in Sandisk's story.
"We expect attractive margins even at floor pricing," Visoso said on the August call.
A price floor isn't a profit floorHowever, it's worth noting what that promise covers. Attractive margins at the floor make a case for staying profitable -- not a case that an 84.6% gross margin survives a downturn. In fact, the multi-year model management presented at its August investor day assumes non-GAAP (adjusted) gross margin settles near 80% for fiscal 2028 through fiscal 2030. And management hasn't said how far below today's prices the floors sit.
The rest of the business has no floor at all. Nearly half of this year's bits still sell at whatever the market pays. And no downturn has tested the structure, or customers' willingness to keep paying above-market minimums through one.
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Ultimately, the downside case shrinks, but it doesn't go away. A memory crash would still hit nearly half of Sandisk's volumes at full force, and it would still pull contracted pricing down toward the floors.
What it arguably can't do anymore is drag the company back to $1.9 billion quarters and a net loss, as long as customers honor their agreements.
At about 8 times expected fiscal 2027 earnings, I think the stock is priced for a steep decline in earnings, and the contracts make the harshest versions of that decline harder to reach. Still, I'd like to see one quarter where memory pricing falls and margins hold before treating the floors as proven. Until then, I'm not a buyer.
Micron a SanDisk rostly o 1,9 % a 3 % před zahájením obchodování, protože ceny DRAM a NAND zůstávají pevné. Globální tržby z DRAM ve 2. čtvrtletí vzrostly oproti předchozímu čtvrtletí o 57 % a u NAND o 70 %.
Buy MU. DRAM and NAND pricing is firm (DRAM +57% QoQ, NAND +70% QoQ) and Micron is gaining share (DRAM 24%, NAND 15%). The market is treating memory like AI infrastructure: easing Treasury yields remove the multiple-compression pressure, while the real driver is AI-driven memory bottlenecks. HBM demand also survives the “less memory per chip” scare because Nvidia’s Rubin Ultra could ship more accelerators, keeping total HBM consumption rising; UBS lifted HBM ASP growth to ~79% YoY.
Key Risk: AI accelerators ultimately use far less HBM per system than expected, collapsing total memory consumption even if chip counts rise.
SNDK (SanDisk)
Buy SNDK. NAND pricing strength is the direct catalyst, and Bernstein’s thesis is supported by new long-term supply agreements with stronger pricing protections and upfront commitments—reducing earnings downside when the NAND cycle turns. With server/storage SSD demand improving and constrained supply keeping pricing power elevated, the stock has a clear path to higher fiscal 2027 earnings estimates.
Key Risk: New NAND capacity ramps faster than demand, breaking pricing power despite the contract protections.
Micron Technology (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) shares were back in favour again ahead of Friday’s opening bell, with the memory stocks rising 2% and 3%.
Micron gained 1.9% in premarket trading and SanDisk advanced 3% as Treasury yields eased ahead of the August jobs report.
Part of the rebound is macro relief. But the stronger argument sits underneath the move: DRAM and NAND pricing remains firm, AI infrastructure is consuming enormous amounts of memory, and analysts continue raising estimates.
Lower bond yields matter because Micron and SanDisk increasingly trade like high-growth AI stocks. When yields rise, investors become less willing to pay premium multiples for future earnings.
Friday’s easing therefore removed pressure that hit semiconductors earlier in the week.
Yet the memory cycle remained strong. Barron’s reported that global DRAM revenue jumped 57% quarter on quarter in Q2, while NAND revenue surged 70%. Micron increased its DRAM market share to 24% and its NAND share to 15%.
Mizuho analyst Vijay Rakesh has argued that memory remains a “key bottleneck” across the semiconductor supply chain, according to The Fly.
The firm maintained an Outperform rating on Micron pointing to elevated aggregate DRAM demand.
One concern has been whether future AI accelerators could require less high-bandwidth memory per chip.
UBS analyst Timothy Arcuri argues that conclusion may be too simplistic.
MarketWatch reported that Arcuri believes Nvidia’s changes to future Rubin Ultra configurations could allow it to ship more accelerators. If each chip carries less memory but far more chips are produced, total HBM consumption can still rise.
UBS raised its forecast for HBM average selling-price growth to about 79% year on year from 67%, while pointing to stronger NAND conditions as server and storage SSD demand improves.
That matters for Micron. Its AI opportunity increasingly depends on memory consumed across entire data-centre systems, not solely the HBM capacity attached to each GPU.
Nvidia’s procurement supports that view, as the company disclosed $279 billion of supply and capacity commitments, primarily tied to memory and manufacturing, showing how important component availability remains.
SanDisk continues to receive strong support from Wall Street.
Bernstein analyst Mark Newman has maintained an Outperform rating and a $3,000 price target on the stock, after raising the target from $1,700 in late June.
Newman’s bullish case centres on SanDisk’s new long-term memory supply agreements, which feature stronger pricing protections and upfront customer commitments that Bernstein believes could reduce earnings downside when the NAND cycle eventually weakens.
Bernstein also raised its fiscal 2027 earnings estimates on stronger NAND average selling prices.
That gives SanDisk a direct fundamental catalyst. AI data centres require expanding amounts of storage, while constrained supply continues to give NAND producers stronger pricing power.
The risk is that those conditions eventually attract enough new capacity to loosen the market.
China is already gaining ground as YMTC’s global NAND share reached 14% in the second quarter from 9% a year earlier, while SanDisk’s slipped to 11% from 13%. CXMT also increased its DRAM share.
Sandisk (SNDK +1.08%) stock gained 29% in August, according to data provided by S&P Global Market Intelligence. The company reported solid earnings, and investors seemed to believe that the previous sell-off had gone too far.
It's all about memory Sandisk is one of few companies that produce the memory products essential for highs-speed artificial intelligence (AI) deployment. Memory scarcity has caused demand, and prices, to skyrocket, and Sandisk has emerged as a major player in AI.
In the 2026 fiscal fourth quarter (ended July 3), revenue increased 372% year over year and 51% sequentially. Gross margin widened from 26.2% last year to 84.6% this year, and earnings per share (EPS), which were negative last year, rose 91% sequentially, from $23.03 to $43.97.
Image source: Sandisk.
The outlook for the 2027 first quarter doesn't expect any slowdown. Management is guiding for $10.5 billion in revenue at the midpoint, which would be a 357% increase over last year, and for gross margin of 83% to 84.9%.
Sandisk was spun off from Western Digital in early 2025 as an unprofitable company, and it didn't catch much attention at that time. The market caught onto it early this year as data centers and the compute capacity necessary to support AI development really exploded, and Sandisk stock has gained nearly 900% this year before investors realized the price had started to lose touch with reality. After falling for a few weeks, it got renewed strength after the fourth-quarter report.
How long can the party go on? At the current price, Sandisk stock is still up 554% year to date, and most Wall Street analysts think it will still go up; the median target price over the next 12 to 18 months is 42% higher than today.
Management recently changed its model to longer-term commitments to stabilize its supply chain, and it now has eight clients signed for its new business model (NBM) deals. It had $59.8 billion in remaining performance obligation at the end of the fourth quarter and $91.1 billion at the time of the report in early August.
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Most of Sandisk's growth is coming from its NAND memory products, which few companies produce and are a critical part of AI inference. Management believes that demand for NAND products is still accelerating and will reach $300 billion in 2026, triple from last year, and that it will reach $500 billion next year. So far, demand is still outstripping supply.
Sandisk stock trades at only 21 times trailing 12-month earnings, and that's lilkely to due concerns about growth already being priced into the stock and expected levelling off of demand at some point.
Sandisk (SNDK +1.08%) built its name on memory cards and flash drives. But in its fiscal fourth quarter of 2026, which ended July 3, the company sold $2.98 billion of storage to datacenter customers -- about a third of its $8.97 billion in total revenue. A year earlier, that datacenter business generated just $213 million in quarterly sales.
The scale of the change goes beyond one quarter. Sandisk separated from Western Digital in February 2025, and in fiscal 2026, its first full year on its own, it generated $20.25 billion of revenue, up 175%, with the datacenter piece up 437%.
But the bigger change isn't who is buying the company's storage. It's how they're buying it.
Image source: Getty Images.
A steep mix shiftShowing just how fast the customer base is moving, datacenter revenue has climbed for three straight quarters. It was $440 million in the fiscal second quarter, about 15% of the company's revenue. By the fiscal third quarter, it had grown to $1.47 billion, about 25%. And it hit $2.98 billion in the fourth, about a third of the total.
That said, the edge business, which sells flash storage to makers of PCs, smartphones, gaming consoles, and cars, is still the biggest piece of the company, at $5.43 billion of fiscal fourth-quarter revenue.
Consumer products, however, contributed just $556 million, about 6% of the quarter and down 5% year over year. In other words, the retail cards and drives Sandisk is named for are now its smallest business.
What do the contracts guarantee?Memory pricing is famously boom-and-bust, and Sandisk's answer is what it calls the New Business Model (NBM) -- multiyear supply agreements signed directly with large datacenter and edge customers.
The terms are what make the shift structural. Chief financial officer Luis Visoso said on the company's August earnings call that Sandisk now has 10 of these agreements across eight customers, five of them signed since April. The agreements run as long as five years, with a weighted average duration of more than four years. Pricing includes fixed and variable elements, with the variable portion subject to floors and ceilings. In total, the NBMs Sandisk has signed represent a minimum of $93.9 billion in expected revenue, assuming every variable price settles at its floor. The deals are also backed by $16.5 billion of customer cash deposits and financial instruments.
The contracted share is still growing, too. Management expects NBMs to cover about half of Sandisk's bit shipments in fiscal 2027, and about two-thirds in fiscal 2028.
Of course, contracted volume isn't the same thing as guaranteed revenue, and the ceilings may cap Sandisk's upside if spot prices keep climbing. But I'd argue the floors matter more than the $93.9 billion headline number. Minimum prices under a growing share of shipments change the downside math in an industry known for brutal crashes.
Higher prices did most of the workFor all that structure, fiscal 2026 was mostly a pricing story. Sandisk's total products sold rose by a mid-teens percentage on an exabyte basis (a measure of raw storage volume shipped), while revenue rose 175%. And management said about two-thirds of the fiscal fourth quarter's sequential revenue growth came from higher pricing, with one-third from higher volumes.
That pricing boom shows up most clearly in profitability. Gross margin reached 84.6%, up from 26.2% in the year-ago period.
The company also swung to $6.9 billion of quarterly net income from a small loss a year earlier. And free cash flow for the full year went from a $120 million outflow in fiscal 2025 to $11.5 billion.
Management doesn't expect a cooldown yet, either. It guided fiscal first-quarter 2027 revenue between $10.3 billion and $10.8 billion, up 15% to 20% sequentially, with gross margin expected to stay at 83% to 85%.
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The market remains skeptical, though. Shares trade around $1,537 as of this writing, down about 35% from a 52-week high, at about 21 times fiscal 2026 earnings.
Measured against expected earnings for fiscal 2027, the price-to-earnings multiple falls to about 7. A steep decline in memory pricing, in other words, is arguably already priced in.
Is Sandisk a different company now? On the customer side, I think it clearly is. A third of revenue comes from data centers, about half of this fiscal year's shipments are already committed under contract, and there are price floors where prices used to float freely.
However, the new model hasn't been tested by a downturn yet. And even Sandisk's own long-term financial model, laid out at its August investor day, calls for non-GAAP (adjusted) gross margins of about 80% for fiscal 2028 through 2030 -- below the 84.6% it just reported. The floors cushion a fall in contracted pricing. They don't make fiscal 2026's boom prices permanent.
Benjamin Edwards Inc. increased its stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 113.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 825 shares of the data storage provider’s stock after purchasing an additional 438 shares during the quarter. Benjamin Edwards Inc.’s holdings in Sandisk were worth $1,876,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its position in shares of Sandisk by 35.1% during the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after purchasing an additional 14,964 shares during the period. Allworth Financial LP boosted its position in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after purchasing an additional 2,067 shares during the period. Tredje AP fonden acquired a new position in shares of Sandisk in the 4th quarter valued at $7,821,000. ProShare Advisors LLC increased its stake in Sandisk by 1,301.5% in the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after purchasing an additional 31,237 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in Sandisk in the 4th quarter worth about $422,000.
More Sandisk News Here are the key news stories impacting Sandisk this week:
Positive Sentiment: Japan expansion supports long-term growth: Sandisk backed a planned $31 billion NAND flash-memory expansion in Japan through 2032. The investment is intended to increase production capacity and position the company to benefit from demand for data centers, AI infrastructure, and enterprise storage. The scale of the commitment is bullish if demand remains strong, although it also increases capital requirements and execution risk. Sandisk Backs $31 Billion Japan Flash Memory Expansion Through 2032 Positive Sentiment: Analysts remain optimistic on memory stocks: Mizuho described Micron and Sandisk as highly attractive values, reinforcing the view that their rapid growth and exposure to AI memory demand are not fully reflected in current valuations. A separate investment analysis also identified Sandisk as the more compelling AI-memory opportunity relative to Micron. Mizuho Reiterates Bullish Stance on Memory Stocks Positive Sentiment: Fundamentals remain strong: Sandisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus, while management provided strong forward guidance. These results support the bullish AI and storage-demand narrative. Neutral Sentiment: ETF flows show concentration risk: AI- and semiconductor-focused ETFs have attracted substantial 2026 inflows and benefited Sandisk indirectly, but recent outflows suggest investors may be reducing exposure to crowded memory trades. These 5 ETFs Have Raked in Cash This Year Negative Sentiment: Competition and cyclicality remain risks: Reports that China’s CXMT has made progress on a new AI memory chip could challenge established suppliers. Investors are also concerned that the $31 billion NAND buildout may add capacity just as the memory cycle eventually turns, potentially pressuring pricing and returns. China’s CXMT Reportedly Makes Major Breakthrough With New AI Memory Chip Sandisk Price Performance NASDAQ:SNDK opened at $1,566.70 on Tuesday. Sandisk Corporation has a fifty-two week low of $50.07 and a fifty-two week high of $2,354.39. The stock’s 50-day moving average is $1,581.73 and its two-hundred day moving average is $1,262.28. The stock has a market cap of $229.40 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 0.15 and a beta of 5.21. Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.
Sandisk announced that its board has authorized a stock buyback program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Insider Buying and Selling In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the sale, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,800 shares of company stock valued at $2,991,696. Insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms have commented on SNDK. Weiss Ratings raised shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a report on Thursday, August 6th. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Sandisk has an average rating of “Buy” and an average price target of $1,998.14.
Check Out Our Latest Report on Sandisk
About Sandisk (Free Report)
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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