SanDisk Corp (SNDK) Stock Price, News, Analysis

NewEarnings release, scored · filed Aug 5, 2026New outlook issued · tone +13.2 vs prior release · 29 lines scoredSee the breakdown

Technical Score (1D)

100

BULLISH

News Sentiment

BEARISH

On Oct 13, analysts reported that SanDisk Corporation (SNDK) was expected to deliver a blockbuster fiscal first‑quarter 2027 earnings, with projected revenue of $10.7 billion and earnings of about $46 per share, a figure that underscored the company’s strategic advantage in meeting data‑center storage needs driven by AI workloads. The same day, another commentary highlighted SNDK as a top AI infrastructure stock amid a recent market pullback, noting that rising risk‑off sentiment and higher interest rates were weighing on the broader AI and semiconductor sectors. The pullback was described as a buying opportunity for investors targeting supply‑constrained, high‑pricing‑power companies, with SNDK’s fundamentals remaining solid despite short‑term volatility. Both sources emphasized that the company’s spin‑off from Western Digital positioned it to benefit from the AI infrastructure boom, with demand for NAND flash memory and SSDs outpacing supply. The reports collectively suggested that investors were weighing pre‑earnings purchases against potential post‑report upside, reflecting the market’s focus on SNDK’s growth prospects.

SNDK|Analyst Targets

LOW TARGET

$1000 -28.7%

2 analysts

MEAN TARGET

$2173 +54.8%

13 analysts

HIGH TARGET

$3600 +156.5%

20 analysts

PRICE RANGE

$1000.00 - $3600.00

SB / B / H / S / SS

11/17/5/1/1

DAILYIQ EST.

$2451.91 (+74.7%)

SNDK|Company Info

Sector

Technology

Industry

Computer Hardware

Exchange

NMS

Country

United States

Website

sandisk.com

Symbol

SNDK

Description

SanDisk Corporation is a global provider of data storage solutions, leveraging its expertise in NAND flash technology to serve a diverse customer base. The company's core business revolves around the design, manufacturing, and distribution of solid-state drives (SSDs) for computers and gaming systems, alongside embedded storage solutions for mobile devices, automotive applications, and the burgeoning Internet of Things market. SanDisk also offers a range of removable storage products, including flash cards and USB drives, catering to consumers and businesses alike. Its products are sold through various channels, including direct sales, partnerships with original equipment manufacturers, and a network of distributors and retailers across international markets. Headquartered in Milpitas, California, SanDisk aims to capture a significant share of the growing demand for reliable and efficient data storage.

SNDK|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

193,648 shares

$298.9M

Shek BernardChief Legal Officer and Secty

Sell600 shares2026-10-01

Shek BernardChief Legal Officer and Secty

Tax Withholding118 shares2026-09-20

Ilkbahar AlperEVP & Chief Technology Officer

Award/Grant1,619 shares2026-09-17

Shek BernardChief Legal Officer and Secty

Award/Grant1,001 shares2026-09-17

Goeckeler DavidChairman & CEO

Sell165 shares2026-09-17

SNDK|Fundamentals

Strong bullish

Overall: Bullish

✓Revenue growing year over year

✓Positive net margin

✓Positive operating cash flow

Gross Margin

71.5%

Net Margin

56.5%

Revenue CAGR

49.3%

Current Ratio

2.29x

Return on Equity

72.7%

SNDK|Earnings Snapshot

Earnings Summary

SanDisk Corporation, headquartered in Milpitas, California, is a global provider of data storage solutions that specializes in NAND flash technology, offering solid‑state drives, embedded storage, and removable media to consumers, OEMs, and enterprise customers across the computer hardware sector. The company’s business is positioned within the broader technology and computer hardware industry, where demand for high‑speed, high‑capacity storage is accelerating, particularly in AI and data‑center applications. In Q1 2025 SanDisk reported a modest EPS of –$0.30 versus an estimate of –$0.39, while revenue rose to $1.695 billion, setting a baseline for the year. Q2 2025 saw a turnaround with EPS of $0.29 against an estimate of $0.03 and revenue of $1.901 billion, indicating a strong rebound. Q3 2025 continued the upward trend with EPS of $1.22 versus an estimate of $0.89 and revenue of $2.308 billion, marking a 21% sequential revenue increase. The company then entered 2026, where Q2 EPS of $6.20 fell short of the $13.94 estimate but revenue of $3.025 billion was well below the $4.609 billion estimate, reflecting a slowdown. Q3 2026 reversed course with EPS of $23.41 beating the $14.66 estimate and revenue of $5.95 billion surpassing the $4.734 billion estimate, a 25% sequential jump. Q4 2026 continued momentum with EPS of $39.25 versus an estimate of $35.14 and revenue of $8.965 billion versus an estimate of $8.562 billion, a 5% sequential rise. Historically, SanDisk has shown a YoY revenue growth trajectory that accelerated from 2025 into 2026, with multiple beats against analyst estimates in the latter half of 2026, while earlier quarters displayed mixed results. Recent news highlights a surge in AI data‑center demand, with data‑center revenue in FY2026 up 437% to $5.15 billion, and the company securing eight new business‑model contracts that cover nearly half of its 2027 bit shipments, underscoring its expanding role in AI infrastructure.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q1'27	$46.27	-	-
Q4'26	$35.14	$39.25	+11.7%
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%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q1'27	$10.8B	-	-
Q4'26	$8.6B	$9.0B	+4.7%
Q3'26	$4.7B	$6.0B	+25.7%
Q2'26	$4.6B	$3.0B	-34.4%
Q3'25	-	$2.3B	-
Q2'25	-	$1.9B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

SNDK|Monthly Returns

Market Data

SNDK Stock Snapshot

BULLISH100/100

$1356.80−$46.34 (3.3%)

Market cap: 214.24B
P/E ratio: 18.7
Day range: $1353.00 – $1475.25
News sentiment: 44/100 · Neutral
Analyst target: $2173.00 (+60.2%)
Consensus: Buy · 35 analysts

52-week range+953.1% off low · -43.0% from high

$128.84$2380.00

Price $1356.80 DailyIQ Est. $2451.91

SanDisk Corp screens well technically, with price sitting in the middle of its 52-week range. Coverage is deep enough that new information gets priced quickly, so surprises tend to be macro rather than fundamental.

Behaviour On Record

What SNDK's own history says about today's numbers

Realized volatility (21d): 68.5% 23rd pct

SanDisk Corp is currently running 68.5% annualised volatility over the last 21 sessions. Measured against SNDK's own 2 years of daily returns rather than a market-wide average, that is the 23rd percentile — unusually subdued by its own history, against a typical reading of 102.6%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

Overnight risk is measurable too: SNDK has opened more than 2% away from the prior close in 113 of 421 sessions (26.8% of the time), with the largest gaps running +10.6% and -7.0%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, SNDK moved an average of 8.0% in the session after earnings, closing higher 2 of those 3 times, with a median move of +2.6% and a largest of +15.2%.

All figures computed from 422 daily closes between 2025-02-13 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against SNDK's own 2-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of SNDK's sector?

SanDisk Corp sits in the Software sector, currently ranked 5th of 12 GICS sectors by relative-strength rotation score (weakening).

Sector rank: #5 of 12
Sector state: Weakening
Sector rotation score: 73

Options Market

What is the options market pricing for SNDK?

CallsPuts

For SanDisk Corp's nearest expiry (2026-10-16, 2 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.51), with at-the-money implied volatility around 69.0%. The options market is pricing roughly a ±5.0% move by that expiry — a range of about $1365.56–$1510.56.

Put/call ratio (2026-10-16): 1.51
ATM implied volatility: 69.0%
Total open interest: 70,230
Expected move by 2026-10-16: ±5.0% ($1365.56–$1510.56)

Analyst Rating Changes

Are analysts turning bullish or bearish on SNDK?

Mizuho most recently reiterated its rating on SanDisk Corp to Outperform on Oct 6, 2026 with a price target of $2050 (from $1875). Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.

Latest action: Mizuho — Outperform
90-day upgrades: 1
90-day downgrades: 0
Net rating momentum: +1

Date	Firm	Action	Rating	Price target
Oct 6, 2026	Mizuho	Maintained	Outperform	$1875 → $2050
Sep 22, 2026	Rosenblatt	Initiated	Buy	$2400
Aug 25, 2026	Mizuho	Maintained	Outperform	$1900 → $1875
Aug 14, 2026	RBC Capital	Maintained	Sector Perform	$1300 → $1600
Aug 14, 2026	Wells Fargo	Maintained	Equal-Weight	$1400 → $1550
Aug 14, 2026	Wedbush	Reiterated	Outperform	$2000
Aug 14, 2026	Cantor Fitzgerald	Reiterated	Overweight	$2900
Aug 10, 2026	Argus Research	Upgrade	Hold → Buy	-
Aug 6, 2026	RBC Capital	Maintained	Sector Perform	$1000 → $1300
Aug 6, 2026	Wells Fargo	Maintained	Equal-Weight	$1620 → $1400
Aug 6, 2026	Citigroup	Maintained	Buy	$2500 → $2100
Aug 6, 2026	Evercore ISI Group	Maintained	Outperform	$3100 → $2800

Earnings Release, Scored

What did SanDisk Corp's latest earnings release say?

Filed Aug 5, 2026 · SEC Form 8-K, Exhibit 99

New outlook issued

Tone74.8/ 100+13.2 vs prior release

Hedging words0.32per 100 words+0.32 vs prior release

Tone, last 2 releases

Scale 50–80

Most important lines

1
Expanded our share repurchase authorization, with Sandisk’s Board of Directors approving an additional $14 billion buyback program, bringing total remaining authorization to $15.5 billion.
New this quarter
2
Total Revenue$20,248$7,355up 175%
New this quarter
3
Edge$12,160$4,127up 195%
New this quarter

Peers & ETF holders

SNDK peers & ETF holders

Computer HardwareMarket cap · today

SNDKYou're here$214.2B-3.30%
DELLDell Technologies Inc.$365.0B-1.63%
WDCWestern Digital Corporation$134.4B-1.06%
NTAPNetApp, Inc.$47.2B-1.00%
HPQHP Inc.$27.7B0.00%
SMCISuper Micro Computer, Inc.$25.7B-1.82%

Top ETF holdersWeight

News Sentiment Analysis

Sentiment gathered from recent headlines

44/100

Strong NegativeNeutralStrong Positive

BEARISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Sandisk (SNDK) experienced a 10.7% decline in share price over the past week after renewed selling pressure from Chinese rival ChangXin Memory Technologies (CXMT). The market reaction was driven by worries that CXMT’s recent DRAM advancements could erode SNDK’s pricing power and market share. Despite a strong year‑to‑date performance, investors reassessed the risk premium on the current $1,482.33 price level. The narrative now questions whether the stock remains overvalued given the intensified competition and AI spending uncertainties.

What did this article say?

Sandisk (SNDK) is slated to report its fiscal first‑quarter 2027 earnings on Oct. 29, amid expectations of a blockbuster quarter. The company’s spin‑off from Western Digital has positioned it as a key beneficiary of the AI infrastructure boom, with demand for NAND flash memory and SSDs outpacing supply. Analysts project $10.7 billion in revenue and earnings of roughly $46 per share, reflecting strong growth prospects. Investors are debating whether to purchase shares before the earnings announcement or wait for post‑report performance. The outlook underscores SNDK’s strategic advantage in meeting data‑center storage needs driven by AI workloads.

What did this article say?

Analysts highlighted SanDisk Corporation (SNDK) as a compelling AI infrastructure stock during a recent market pullback. The commentary noted that rising risk‑off sentiment and higher interest rates were weighing on the broader AI and semiconductor sectors, yet SNDK’s role in memory and storage positions it well for continued AI demand. The article emphasized that the pullback offers a buying opportunity for investors focused on companies with supply constraints, pricing power, and accelerating earnings growth. It concluded that SNDK’s fundamentals remain solid despite short‑term volatility, making it a candidate for long‑term upside.

What did this article say?

Sandisk reported that it remains debt-free while experiencing a surge in AI data center demand, which has helped stabilize its NAND cash flow through new NBM contracts. The company’s financial position is strengthened by the absence of debt obligations, providing flexibility for future investments. The combination of robust demand and solid cash flow is expected to support ongoing profitability and potentially enhance shareholder returns. This development reflects a positive outlook for the company’s short‑term financial health.

What did this article say?

SanDisk Corp. reported that data‑center revenue for fiscal 2026 surged 437 percent to $5.15 billion, driven largely by AI inference demand. The company secured eight new business‑model contracts that now cover nearly half of its planned 2027 bit shipments and two‑thirds of 2028 volumes, providing fixed pricing and minimum guarantees. Management projected mid‑to‑high‑teens annual revenue growth from FY2028 through FY2030, with an adjusted gross margin target near 80 percent and free‑cash‑flow margin around 50 percent.

What did this article say?

Sandisk (SNDK) delivered a fiscal Q4 2026 revenue of $8,965 million, up 372% YoY, and an 84.6% gross margin, the highest in the memory sector. The company’s focus on edge devices and enterprise SSDs for AI infrastructure drove the growth, while its vertical integration gives it a supply advantage. The strong results suggest a significant upside to the business model and valuation, as the market has not yet fully priced in the transformation.

What did this article say?

SanDisk (SNDK) is positioned for a 2027 valuation of $2,500, requiring a 12‑times earnings multiple, supported by over half of its output under long‑term contracts. The company’s $15.5 billion buyback program is expected to lift share value. Analysts highlight strong demand from hyperscalers, with NVIDIA’s CEO noting AI demand far exceeds supply, reinforcing the memory and storage link. These factors suggest a material upside for SNDK, though the outlook remains contingent on broader AI market growth.

What did this article say?

The Motley Fool article highlighted SanDisk (SNDK) as a top semiconductor holding for the next decade, citing its strong sequential growth and multi‑year contracts. It noted a 51% quarter‑over‑quarter rise in fiscal 2026 and a 372% year‑over‑year increase, positioning the company to outperform the broader semiconductor sector. The piece framed SNDK’s performance within the broader AI boom, suggesting the firm is well placed to benefit from the upcoming global rollout phase. Overall, the recommendation signals a positive outlook for SNDK’s long‑term prospects.

What did this article say?

The article highlighted a projected 67% increase in trade related to AI hardware, driven by chips, servers, and accelerators. Sandisk (SNDK) was identified as a key player, producing NAND flash storage essential for AI servers, data centers, and connected devices. SNDK’s revenue of US$20.2 billion and strong presence in Asia and the United States position it to capture a share of the expanding AI infrastructure market. The piece suggested that SNDK could outperform peers as demand for high‑speed, large‑scale memory grows. Overall, the narrative presents a positive outlook for SNDK amid the AI hardware boom.

Technical Analysis

Real-time indicators across multiple timeframes

100

BULLISH

Momentum rank against about 1,000 stocks and ETFs for this timeframe.

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Institutional & Hedge Fund Ownership

25 tracked managers · $105.11B combined position · 7 adding, 18 trimming, 0 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
BlackRock, Inc.	▼ Sell	10,295,300	6.94%	$23.41B	2026-08-07
FMR LLC (Fidelity)	▼ Sell	7,861,665	5.30%	$17.88B	2026-08-13
Invesco Ltd.	▲ Buy	5,610,346	3.78%	$12.76B	2026-08-14
Geode Capital Management, LLC	▼ Sell	3,591,499	2.42%	$8.15B	2026-08-12
JPMorgan Chase & Co	▲ Buy	3,941,436	2.66%	$8.08B	2026-08-12
Morgan Stanley	▼ Sell	2,400,851	1.62%	$5.46B	2026-08-13
Norges Bank	▼ Sell	2,055,094	1.39%	$4.67B	2026-08-12
Vanguard Group Inc	▼ Sell	16,976,485	11.45%	$4.03B	2026-01-29
Goldman Sachs Group Inc	▼ Sell	1,448,361	0.98%	$3.29B	2026-08-14
Northern Trust Corp	▲ Buy	1,274,137	0.86%	$2.90B	2026-08-13
Wellington Management Group LLP	▲ Buy	1,066,886	0.72%	$2.43B	2026-08-14
Wells Fargo & Company	▲ Buy	839,305	0.57%	$1.91B	2026-08-14
Bank of America Corp	▼ Sell	688,253	0.46%	$1.56B	2026-08-14
Whale Rock Capital Management LLC	▼ Sell	596,545	0.40%	$1.36B	2026-08-14
D. E. Shaw & Co., Inc.	▼ Sell	561,911	0.38%	$1.28B	2026-08-14
AQR Capital Management LLC	▼ Sell	445,251	0.30%	$965.30M	2026-08-14
Millennium Management LLC	▼ Sell	366,129	0.25%	$832.48M	2026-08-14
Susquehanna International Group, LLP	▼ Sell	321,773	0.22%	$731.62M	2026-08-14
Citigroup Inc	▲ Buy	295,439	0.20%	$671.75M	2026-08-03
Two Sigma Investments, LP	▼ Sell	241,675	0.16%	$549.50M	2026-08-14
Squarepoint Ops LLC	▼ Sell	211,783	0.14%	$481.54M	2026-08-14
Marshall Wace, LLP	▼ Sell	209,217	0.14%	$475.70M	2026-08-13
Discovery Capital Management, LLC	▲ Buy	207,587	0.14%	$472.00M	2026-08-14
Neuberger Berman Group LLC	▼ Sell	191,390	0.13%	$434.23M	2026-08-13
Prudential Financial Inc	▼ Sell	148,689	0.10%	$338.08M	2026-08-12

Q2 2026 flow:8.03M sh bought ($17.69B)11.25M sh sold ($25.54B)net -3.22M sh (−$7.85B)

Congressional Trading Activity

11 disclosed trades · ~$104.5K est. traded value · 5 buys, 5 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Josh Gottheimer	House	NJ05	▲ Buy	$1K - $15K	2026-05-07	2026-06-03
Alan Armstrong	Senate	OK	▲ Buy	$1K - $15K	2026-03-27	2026-07-21
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2026-03-13	2026-04-07
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2026-01-09	2026-02-13
Lisa McClain	House	MI09	▼ Sell	$1K - $15K	2025-10-31	2025-11-21
Lisa McClain	House	MI09	▼ Sell	$1K - $15K	2025-10-30	2025-11-21
Lisa McClain	House	MI09	▲ Buy	$1K - $15K	2025-10-30	2025-11-21
Rob Bresnahan	House	PA08	▼ Sell	$1K - $15K	2025-04-08	2025-05-08
Jefferson Shreve	House	IN06	▼ Sell	$15K - $50K	2025-04-07	2025-05-08
Rob Bresnahan	House	PA08	▼ Sell	$1K - $15K	2025-04-04	2025-04-22
Jefferson Shreve	House	IN06	↔ Exchange	$1K - $15K	2025-02-24	2025-03-09