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/SNDK
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Sandisk Corp

Sandisk Corp

SNDK
$1,354.82USD↓-3.99%-56.26 today

MARKET CAP

200.6B

P/E (TTM)

43.5x

FWD P/E

8.6x

DAY RANGE

$1,325 – $1,501

52W RANGE

$40
$2,354

AI Summary

Stalk
TrimMedium

Stage 4 decline remains intact with sequential lower highs and lower lows and down-sloping short-term EMAs. Active continuation and Bearish Exhaustion confirm seller dominance and only fleeting fatigue without true follow-through. Price is extended below the 9/21/50 EMAs and RSI sits in extreme oversold, deterring immediate selling. Execution should be deferred, trimming into any rallies up toward the declining EMAs for cleaner short entries, while the secular uptrend above the 200 SMA remains secondary.

  • ↑Q3 revenue of $5.95B (+251% YoY, +97% QoQ) beat $4.4–4.8B guidance on AI data-center demand.
  • ↑Non-GAAP gross margin reached 78.4% vs. 65%–67% guidance, reflecting strong pricing power.
  • ↓ASPs fell high single digits amid NAND oversupply, pressuring gross margins.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

SanDisk Corporation (NASDAQ: SNDK) is a leading provider of NAND flash memory solutions, primarily serving data centers, consumer electronics, and edge computing markets. The company has significantly benefited from the surge in AI-driven demand, particularly in data storage and processing. Leveraging its innovation capabilities, SanDisk aims to enhance its competitive positioning in the rapidly evolving technology landscape, particularly as the demand for advanced storage solutions continues to escalate.

Bull says

  • ↑Q3 revenue of $5.95B (+251% YoY, +97% QoQ) beat $4.4–4.8B guidance on AI data-center demand.
  • ↑Non-GAAP gross margin reached 78.4% vs. 65%–67% guidance, reflecting strong pricing power.
  • ↑Secured five multi-year supply contracts worth >$42B, boosting long-term visibility.
  • ↑Free cash flow was $2.955B (49.7% margin) with CapEx at 4% of revenue for BICS-8 tech.
  • ↑Data center sales hit $1.467B (+233% sequential), underscoring AI-driven growth.
  • ↑High earnings yield, strong profitability, robust growth momentum, and elevated liquidity support upside.

Bear says

  • ↓ASPs fell high single digits amid NAND oversupply, pressuring gross margins.
  • ↓Cyclicality in NAND markets may lead to future profit compression.
  • ↓Geopolitical risks and supply-chain vulnerabilities could disrupt production.
  • ↓Elevated CapEx and potential debt strain may pressure cash flow in downturns.
  • ↓Negative short interest signals investor skepticism about sustaining high growth.
  • ↓Elevated leverage risk and smaller size reduce resilience during market weakness.

Investment themes with SNDK

Technology Hardware↓ -1.58%

Manufacturers of computers, peripherals, and devices

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NVDA · AAPL · GOOGL
MEME↓ -2.09%

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ASTS · SERV · UUUU

Earnings Call · Q3 2026 · Mgmt. Guidance

Updated 05-01-2026neutral

Transcript signals

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