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SNDK

Sandisk Corporation

SNDK

NASDAQ·Technology·Hardware, Equipment & Parts·Mkt cap $301.0B

$1,745.00

-14.13%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$40.10 - $2,354.39

P/E

51.19

Fwd P/E

9.23

Beta

4.88

Div Yield

0.00%

Avg Vol

14.0M

Shares Out

148.1M

Mkt Cap

$301.0B

Price action

Price chart

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Proprietary NAND flash technology and manufacturing expertise
  • Vertical integration in semiconductor production reducing costs and supply chain risk
  • Established brand recognition and market leadership in memory storage
  • Diverse product portfolio serving consumer, enterprise, and OEM markets
  • Strong intellectual property portfolio and patent protection

Bear Case

2 risks

  • Very high volatility (beta 4.9). Expect 3x market swings. Position size accordingly.
  • Growth premium of 0.5x vs Memory & Storage Semiconductors peers. Reasonable for this growth rate.

Growth

Strong growth ahead

Increasing global demand for data storage driven by cloud computing and digital transformation

Value

Growth premium of 0.5x vs Memory & Storage Semiconductors peers. Reasonable for this growth rate.

Momentum

Hot

+189.7% over 3m

Quality

Strong

High-growth business (84% revenue growth, 56% gross margin). Profitable with strong growth momentum.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 13, 2026

Q2 26 RECAP

APR 30, 2026

Reported EPS of $23.41 vs $14.62 consensus (+60.1% surprise). Revenue of $6.0B vs $4.7B expected (+26.1%). Beat on both top and bottom lines.

EPS beat +60.1%
Rev beat +26.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+60.1%

Next: Aug 13, 2026

Revenue trend · last 8Q

+13%

-1%

+8%

+23%

+23%

+61%

0%

+251%

Q2 24

Q3 25

Q4 25

Q1 25

Q1 26

Q2 25

Q2 26

Q3 26

$1.9B

$1.7B

$1.9B

$2.3B

$2.3B

$3.0B

$3.0B

$6.0B

Margins · last 8Q

Gross

78.4%

Operating

69.1%

Profit

60.8%

Wall Street consensus

15 analysts · 87% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

13

87%

Hold

2

13%

Sell

0%

Median Price Target

$1,400.00

-19.8% vs $1,745.00

Low $975.00
Median $1,400.00
High $2,350.00

Latest: Bernstein · Jun 29, 2026

14 analysts covering

vs Industry

How SNDK stacks vs Hardware, Equipment & Parts

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.