SNDK
Sandisk Corporation

Sandisk CorporationSNDK

Technology · Computer Hardware
1299.30USD
-6.85%
Oct 17, 2026
SNDK overview ready
Enterprise and Client NAND Flash Storage Supplier for AI Data Centers
Sandisk is a vertically integrated NAND-flash and SSD supplier with enterprise NVMe/QLC SSD offerings alongside client, mobile, consumer and embedded-flash products.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Storage and Enterprise SSDs — component supplier.
Price trend is broken
Longer-term context reads new trend, with a near-term setup of pullback recovery.
The tactical setup reads pullback recovery, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Cyclical demand fluctuations in technology spending.
Market Oct 16Filing Jul 3Price action Aug 9

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction1.4Valuation7.4CompanyPosition9.3BusinessQuality6.9
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of pullback recovery.
The tactical setup reads pullback recovery, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$190.2B
Avg Volume (60D)
10.1M
60 sessions
Revenue Growth YoY
+175.3%
FY2026 vs FY2025
Gross Margin
+71.5%
Trailing twelve months
Operating Margin
+61.2%
Trailing twelve months
Free Cash Flow Yield
+6.0%
Distance from 200DMA
+41.0%
Next Earnings
2026-10-29
P/E
16.6x
EV / EBITDA
14.8x
EV / Sales
9.2x
Market metrics as of Oct 16, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Sandisk Corporation has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

What changed

  • SanDisk Just Got a 73% Upside Call as Micron Heads Into Earnings
    Dated 2026-09-30.
    2026-09-30 · source
  • What a $10,000 Investment Split Between Micron and Sandisk Could Be Worth by the End of 2027
    Dated 2026-09-30.
    2026-09-30 · source
  • SanDisk Stock Jumped 11% on S&P 100 News. Here’s What the Street Says.
    Dated 2026-09-20.
    2026-09-20 · source
  • SNDK rose 11.0% in one session
    SNDK closed +11.0% on the session.
    2026-09-18

Company Research

Thesis
Sandisk is a vertically integrated NAND-flash and SSD supplier with enterprise NVMe/QLC SSD offerings alongside client, mobile, consumer and embedded-flash products.
Opportunity
High opportunity
Hyperscaler and enterprise AI infrastructure spending is increasing demand for high-performance, high-capacity flash storage used for AI data ingestion, training checkpoints, inference data pipelines, retrieval workloads, and storage-dense data-center architectures.
Key risk
Cyclical demand fluctuations in technology spending.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Data Center Storage and Enterprise SSDs, with strong fit.
SNDK is a strong adjacent fit to AI Compute Infrastructure Buildout because AI data centers require materially more fast, dense and power-efficient persistent storage, and enterprise SSD demand is now a distinct demand-and-supply bottleneck within the broader buildout.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Technology · Computer Hardware
What they do

Sandisk Corporation designs, manufactures, and sells NAND flash-based data storage devices and solutions globally, serving multiple end markets through a vertically integrated supply chain.

How it earns

The company generates revenue primarily through transactional sales of hardware products including solid state drives and flash memory devices.

Products & services
Solid state drives (SSDs)
Flash-based embedded storage products
Removable memory cards
USB drives
NAND flash wafers and components
Customers & end markets
Enterprise data centers and hyperscalers
Consumer electronics manufacturers
Mobile device makers
Automotive and industrial sectors
Market position

Sandisk is a leading vertically integrated supplier of NAND flash and SSD products with a broad portfolio across enterprise, client, mobile, and embedded markets.

Demand drivers
Medium cyclicality

Demand for storage products is influenced by technology investment cycles and data center spending but also supported by ongoing digitalization trends.