DailyIQ
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Sector:TechnologyAll sectors
Last updated 3 minutes ago

SNDK·SanDisk Corp

$.
+. (+.%)
After Hours
High
$1,946.84
Open
$1,778.98
Market Cap
283.73B
52W High
$2,354.39
Low
$1,760.00
P. Close
$1,915.81
P/E
62.95
52W Low
$40.10
Fwd P/E
9.37
DailyIQ Est.
$2281.39
Technical Score (1D)
68
BUY
News Sentiment
72
BULLISH
SNDK’s recent pullback from its June 25 peak is part of a broader shift away from AI‑hardware leaders as investors reallocate capital to other sectors. The decline, which followed a >200 % rally from late March, signals that the market is re‑evaluating the sustainability of the AI‑hardware boom. This rebalancing is likely to keep SNDK under pressure for the next 1–10 trading days as the Nasdaq‑100’s median performance remains modest while weaker stocks gain traction. In addition, SNDK’s shares fell ahead of SK Hynix’s Nasdaq debut, reflecting heightened concerns over DRAM demand and pricing pressures across the memory sector. The tightening supply‑demand environment could compress margins for SNDK, making its valuation more sensitive to any shifts in DRAM pricing. Traders should watch how SK Hynix’s debut performance influences the broader memory market, as a stronger debut could reinforce the demand narrative and lift peers. Monitoring SNDK’s upcoming quarterly guidance will be crucial, as any downward revision could confirm valuation pressure and trigger further selling. Supply‑chain developments, particularly any updates on chip production capacity or component shortages, could also affect SNDK’s ability to meet demand. Finally, keep an eye on macro‑driven factors such as interest‑rate expectations and global economic data that may accelerate the shift away from AI hardware and intensify pressure on SNDK.
Earnings Summary
SanDisk Corporation, headquartered in Milpitas, California, is a global provider of data storage solutions specializing in NAND flash technology and solid‑state drives for computers, gaming systems, mobile devices, automotive applications, and the Internet of Things. The company operates within the technology sector’s computer hardware industry, serving OEMs, distributors, and end‑users worldwide. In the most recent fiscal cycle, SanDisk’s Q2 2026 revenue rose to $3.025 billion, up 31.5% from the $2.308 billion reported in Q3 2025, while Q3 2026 revenue surged to $5.95 billion, a 96.8% increase over Q2 2026; EPS in Q2 2026 missed estimates at $6.20 versus an expected $13.94, but EPS in Q3 2026 rebounded to $23.41, beating the $14.66 forecast. Over the past four quarters, SanDisk has posted three earnings per share beats and one miss, with revenue growth accelerating from 21.5% in Q3 2025 to 96.8% in Q3 2026, underscoring a robust top‑line trajectory. Historically, the company has delivered double‑digit revenue growth year over year, with EPS growth outpacing revenue in recent periods; the pattern of strong revenue expansion coupled with occasional EPS volatility reflects the cyclical nature of the memory market. Recent developments include Wedbush’s lift of the price target to $2,000 following management’s guidance of $7.75–$8.0 billion in fiscal Q4 sales and a multi‑year NAND flash supply agreement with Meta Platforms that ties future demand to AI infrastructure; BofA and Bernstein have also raised targets to $2,500 and $3,000, citing long‑term contracts and the introduction of BiCS10 1TB TLC 10th‑generation 3D NAND, which offers higher density and faster speeds; the company’s Q3 FY26 revenue jumped 251% YoY to $5.95 billion, with datacenter revenue surging 645%, highlighting a shift toward AI data‑center demand. Investors should watch the forthcoming Q4 2026 earnings release for confirmation of sales, margin expansion, and any updates on the Meta partnership, as well as guidance on future product launches and supply‑chain constraints, to gauge whether the recent rally is sustainable.

EPS

EstBeatMiss
$-5.53$5.61$16.75$27.89$39.02Q1'25Q2'25Q3'25Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$33.88 - -
Q3'26$14.66$23.41+59.7%
Q2'26$13.94$6.20-55.5%
Q3'25$0.89$1.22+36.9%
Q2'25$0.03$0.29+771.1%
Q1'25$-0.39$-0.30+22.4%

Revenue

EstBeatMiss
$693M$2.9B$5.0B$7.2B$9.4BQ1'25Q2'25Q3'25Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$8.4B - -
Q3'26$4.7B$6.0B+25.7%
Q2'26$4.6B$3.0B-34.4%
Q3'25 - $2.3B -
Q2'25 - $1.9B -
Q1'25 - $1.7B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

SNDK Stock Snapshot

SNDK is currently trading at $1935.00, giving SanDisk Corp a market cap of 283.73B and a P/E ratio of 63.0. Today's range spans $1760.00–$1946.84, with shares opening at $1778.98 and moving up $19.19 (1.0%) from the prior close. DailyIQ's technical score sits at 68/100 (BUY) with a news sentiment reading of 72/100.

Over the past year SNDK has traded between $40.10 and $2354.39 - the current price is +4725.4% off the 52-week low and -17.8% from the high. 32 analysts cover the stock with a Buy consensus and a mean 12-month target of $2035.05 (range $1000.00–$3250.00), implying upside of +5.2%.

SNDK is showing the kind of bullish setup that active managers add to on dips - 68/100 (BUY), bullish sentiment at 72/100, 283.73B market cap in Technology, price $1935.00 (in the upper portion of its 52-week range). The current P/E ratio stands at 63.0. At this cap tier, the combination of technical confirmation and positive sentiment is what separates speculative bullish positions from high-conviction ones. Annual range: $40.10–$2354.39. The setup is in the latter category.

The combination of a BUY signal (68/100) and bullish news sentiment (72/100) puts SNDK on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 283.73B in Technology market cap without immediately moving the stock. At $1935.00 (in the upper portion of its 52-week range in the $40.10–$2354.39 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.