Sandisk Corporation (Ticker: SNDK) is a U.S.-based technology company that develops, manufactures, and sells data storage products and solutions built on NAND flash memory technology, including solid-state drives (SSDs), embedded storage, memory cards, and USB flash drives for consumer, enterprise, and cloud computing markets.
| Revenue (TTM) | $28.97B |
| Gross Profit (TTM) | $23.16B |
| EBITDA | $21.21B |
| Operating Margin | 79.60% |
| Return on Equity | 141.20% |
| Return on Assets | 68.30% |
| Revenue/Share (TTM) | $197.08 |
| Book Value | $125.93 |
| Price-to-Book | 6.33 |
| Price-to-Sales (TTM) | 4.10 |
| EV/Revenue | 3.79 |
| EV/EBITDA | 4.90 |
| Quarterly Earnings Growth (YoY) | 6913.00% |
| Quarterly Revenue Growth (YoY) | 377.90% |
| Shares Outstanding | $142.29M |
| Float | $140.39M |
| % Insiders | 1.10% |
| % Institutions | 84.48% |
Volatility is currently expanding
Management forecasts fiscal second-quarter adjusted earnings of $55 to $57 a share on a pre-split basis. Adjusted earnings per share climbed 26% sequentially in fiscal Q1, easing from 68% growth the previous quarter.
Inflation, politics and AI concerns are all posing big challenges to investors right now, but Andrew Rocco believes the market will push past these hurdles in the coming months. Learn why the recent selloffs could be setting up the next leg higher.
Sandisk's sales of enterprise SSDs are soaring as the AI market expands. Its stock looks cheap relative to its growth potential.
Sandisk stock closed Thursday down 30% for the week. Wall Street analysts see little sign of a slowdown in computer memory demand, however.
SanDisk posted record results, yet the stock keeps sinking as Texas threatens data center moratoria. One of Wall Street's top-ranked analysts says the market has this wrong, and his reasoning hinges on three pillars.
Sandisk reported solid results, but the stock continues to remain under pressure due to factors outside its control. The recently announced stock split could increase demand for Sandisk's shares.
Sandisk Corporation is rated Hold after a 56% decline, trading at under 5x earnings but facing deteriorating fundamentals. Kioxia's report and SNDK's own guidance indicate NAND price increases are slowing, and second-half volume will likely underperform consensus expectations. By my estimate, to meet consensus, SNDK needs a 20% revenue-per-bit jump in H2, which appears unlikely given current pricing and mix trends.
Memory and storage stocks are leading the chip sector's recovery after one of its worst sessions in years. SanDisk (NASDAQ:SNDK | SNDK Price Prediction) stock is at $883.13, up 10% in morning trading.
Sandisk's growth has boomed over the past year. Sandisk is repurchasing shares to make some of its gains permanent.
The Blue Wave is throwing some cold water on the AI trade.
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