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) | $13.18B |
| Gross Profit (TTM) | $7.39B |
| EBITDA | $5.63B |
| Operating Margin | 70.00% |
| Return on Equity | 39.30% |
| Return on Assets | 22.80% |
| Revenue/Share (TTM) | $89.99 |
| Book Value | $93.09 |
| Price-to-Book | 18.76 |
| Price-to-Sales (TTM) | 18.17 |
| EV/Revenue | 19.33 |
| EV/EBITDA | 47.11 |
| Quarterly Earnings Growth (YoY) | 618.00% |
| Quarterly Revenue Growth (YoY) | 251.00% |
| Shares Outstanding | $148.09M |
| Float | $146.01M |
| % Insiders | 1.13% |
| % Institutions | 80.81% |
Volatility is currently expanding
SanDisk (NASDAQ:SNDK) could see upside in its upcoming fiscal fourth-quarter 2026 report, according to Wedbush Securities, which raised its price target on the stock to $2,000 from $1,200. The semiconductor firm's management had guided fiscal fourth-quarter sales to a range of $7.75 billion to $8.25 billion, with non-GAAP earnings per share of $30 to $33.
Sandisk Corporation remains a high-conviction beneficiary of the emerging AI NAND supercycle, as agentic inference expands demand for both capacity- and performance-driven data center storage. The latest stock pullback could represent the last discounted opportunity to participate in SNDK's final re-rating for AI NAND demand upside before the broader industry supply-demand imbalance eases in 2028. Sandisk's expanding QLC, TLC, and future high-bandwidth flash roadmap should deepen its penetration across the AI memory hierarchy, moving SNDK beyond cold storage into higher-value opportunities closer to compute.
MILPITAS, Calif.--(BUSINESS WIRE)--Sandisk Corporation (NASDAQ: SNDK) announced today that it will hold its fiscal fourth quarter and fiscal year 2026 earnings conference call on Wednesday, August 5, 2026, at 1:30 p.m. Pacific Time.A live webcast and a webcast replay of the conference call will be available at investor.sandisk.com.Additionally, Sandisk Corporation today announced that the company will hold its Investor Day on Thursday, August 13, 2026 at 9:00 a.m. Eastern Time.Watch the live web.
Memory chip and storage stocks staged a strong recovery on Thursday, with investors rushing back into the sector after a sharp selloff triggered by Samsung Electronics' quarterly earnings earlier this week. Micron Technology climbed more than 7%, while SanDisk SNDK gained about 7.5%.
Memory and storage stocks are rebounding sharply Thursday morning, reversing a bruising start to the week.
The memory-chip complex has sold off hard from recent peaks. In light of this, investors are asking which of Micron Technology (NASDAQ:MU | MU Price Prediction), SanDisk (NASDAQ:SNDK), or Applied Materials (NASDAQ:AMAT) they should actually own after the drawdown.
SanDisk (NASDAQ:SNDK | SNDK Price Prediction | SNDK Price Prediction) has become the strangest stock in the S&P 500.
Micron and Sandisk have both seen significant valuation expansion, with the pair trade thesis now played out; I rate both stocks Hold. MU's Q3 revenue surged ~350% YoY, but price ceilings and supply constraints now cap further upside, reducing explosive multiple expansion potential. Sandisk's earnings revisions remain strong, supported by robust NAND pricing, but elevated multiples and sector rotation risks temper further bullishness.
The end of the Iran cease-fire could give investors a good excuse to sell AI stocks, which surged over the first half of 2026.
