Sandisk Corporation (SNDK) AI Stock Analysis

Sandisk Corporation develops, manufactures and sells data storage devices and solutions based on NAND flash technology. Its products include solid state drives for desktop and notebook PCs, gaming consoles and set-top boxes, as well as embedded flash storage for smartphones, tablets, wearables, automotive systems, industrial equipment and Internet of Things devices. The company also offers removable memory cards, USB flash drives, and flash wafers and components. Sandisk sells to computer makers and other original equipment manufacturers, data centers, cloud service providers, resellers, distributors and retailers across the Americas, Europe, the Middle East, Africa and Asia. It became an independent public company in February 2025 after separating from Western Digital.

Sandisk generated revenue of $9.75B in FY2022 before falling 37.6% to $6.09B in FY2023, followed by growth of 9.5% to $6.66B in FY2024 and 10.4% to $7.36B in FY2025. In FY2026, revenue increased 175.3% to $20.25B, bringing its 4-year revenue CAGR to 20.0%. Gross margin expanded from 7.1% in FY2023 and 30.1% in FY2025 to 71.5% in FY2026. Operating margin improved to 61.2% in FY2026 following operating margins of -33.4% in FY2023 and -18.7% in FY2025. Net income reached $11.43B with EPS of $69.65. In the latest quarter ended June 30, 2026, quarterly revenue growth was 371.6% and quarterly earnings growth reached 618.0%.

As of June 30, 2026, Sandisk reported $4.76B in cash and short-term investments against total debt of $393.0M, resulting in net cash of $4.37B and a debt-to-equity ratio of 0.02. Total assets stood at $22.51B compared to shareholders' equity of $15.74B, supporting a current ratio of 2.29. In FY2026, operating cash flow reached $11.67B and free cash flow totaled $11.49B. Capital expenditures were $177.0M, and the company allocated $4.52B to share buybacks.

Sandisk holds a market cap of $187.78B and an enterprise value of $261.40B. The stock trades at a trailing P/E of 17.6x and a forward P/E of 8.0x, both lower than the median of its Nasdaq-100 Technology peers of 43.3x and 25.7x, respectively. Its price-to-sales ratio is 9.3x versus the peer median of 12.4x, and its EV-to-EBITDA ratio is 19.7x against the peer median of 32.8x. Over the past 12 months, Sandisk returned 800.6%, outpacing the S&P 500 SPY return of 16.8%. The stock ended October 16, 2026 at $1299.30, up 447.4% year-to-date.

Wall Street coverage consists of 17 Strong Buy, 4 Buy, 3 Hold, 1 Sell, and 0 Strong Sell ratings. The mean price target is $2173.00, which is 67.2% above the last close price of $1299.30. For the fiscal year ending June 30, 2027, consensus estimates forecast revenue of $49.14B and EPS of $214.82, representing projected EPS growth of 203.1%. Sandisk beat EPS estimates in each of the last 4 quarters, and its next earnings date is October 29, 2026.

This page is an AI-written research summary of Sandisk Corporation (SNDK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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