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Sandisk Corporation

SNDK

NASDAQTechnologyComputer Hardware

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$1,596.08

−$4.54 · -0.28%

Aug 21, 4:00 PM ET

SNDK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

35

Expensive

Momentum

62

Gaining

Sentiment

57

Mixed

Risk resilience

31

High Risk

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Company profile

Company website

SanDisk Corporation specializes in designing, manufacturing, and supplying storage solutions and devices leveraging advanced NAND flash technology. Its diverse product line features solid-state drives (SSDs), embedded memory solutions, removable memory cards, universal serial bus (USB) devices, and underlying wafers and components. Founded on June 1, 1988, the company maintains its principal executive offices in Milpitas, California.

Industry
Computer Hardware
Sector
Technology
Headquarters
US
CEO
David V. Goeckeler
Listed since
Nov 8, 1995
Employees
11,100

Market position

Day range

Current $1,596.08

52-week range

Current $1,596.08

Open
$1,606.18
Previous close
$1,600.62
Volume
7.58M
0.53× average
Average volume
14.22M
Average daily volume
Market cap
236.36B USD
Beta
5.19
Market reference 1
50-day average
$1,654.17
-3.51% below average
200-day average
$939.21
+69.94% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
252.15B USD
P/E (TTM)
20.52×
P/B (TTM)
14.91×
P/S (TTM)
11.67×
EV / EBITDA
19.26×
Earnings yield
4.46%
Free cash flow yield
4.48%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
71.47%
Operating margin
61.19%
Net margin
56.46%
Return on equity
72.66%
Return on assets
50.80%
Return on invested capital
64.29%

Financial health

Debt / equity
0.02×
Current ratio
2.29×
Altman Z-score
24.75
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%39%-3%-46%Gross margin, FY2022: 33.26%Gross margin, FY2023: 7.07%Gross margin, FY2024: 16.09%Gross margin, FY2025: 30.07%Gross margin, FY2026: 71.47%Operating margin, FY2022: 12.30%Operating margin, FY2023: -33.44%Operating margin, FY2024: -7.02%Operating margin, FY2025: -18.72%Operating margin, FY2026: 61.19%Net margin, FY2022: 10.91%Net margin, FY2023: -35.21%Net margin, FY2024: -10.09%Net margin, FY2025: -22.31%Net margin, FY2026: 56.46%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 33.26%. Gross margin FY2023 7.07%. Gross margin FY2024 16.09%. Gross margin FY2025 30.07%. Gross margin FY2026 71.47%. Operating margin FY2022 12.30%. Operating margin FY2023 -33.44%. Operating margin FY2024 -7.02%. Operating margin FY2025 -18.72%. Operating margin FY2026 61.19%. Net margin FY2022 10.91%. Net margin FY2023 -35.21%. Net margin FY2024 -10.09%. Net margin FY2025 -22.31%. Net margin FY2026 56.46%.

Income trends

Revenue

20.25B USD+175.30%

Operating income

12.39B USD+13.77B USD

Net income

11.43B USD+13.07B USD
Income trends across reported periods22.49B USD13.53B USD4.57B USD−4.38B USDRevenue, FY2022: 9.75B USDRevenue, FY2023: 6.09B USDRevenue, FY2024: 6.66B USDRevenue, FY2025: 7.36B USDRevenue, FY2026: 20.25B USDOperating income, FY2022: 1.2B USDOperating income, FY2023: −2.04B USDOperating income, FY2024: −468M USDOperating income, FY2025: −1.38B USDOperating income, FY2026: 12.39B USDNet income, FY2022: 1.06B USDNet income, FY2023: −2.14B USDNet income, FY2024: −672M USDNet income, FY2025: −1.64B USDNet income, FY2026: 11.43B USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 9.75B USD. Revenue FY2023 6.09B USD. Revenue FY2024 6.66B USD. Revenue FY2025 7.36B USD. Revenue FY2026 20.25B USD. Operating income FY2022 1.2B USD. Operating income FY2023 −2.04B USD. Operating income FY2024 −468M USD. Operating income FY2025 −1.38B USD. Operating income FY2026 12.39B USD. Net income FY2022 1.06B USD. Net income FY2023 −2.14B USD. Net income FY2024 −672M USD. Net income FY2025 −1.64B USD. Net income FY2026 11.43B USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue20.25B USD7.36B USD6.66B USD6.09B USD9.75B USD
Cost of goods sold5.78B USD5.14B USD5.59B USD5.66B USD6.51B USD
Gross profit14.47B USD2.21B USD1.07B USD430M USD3.24B USD
Research and development1.33B USD1.13B USD1.06B USD1.17B USD1.36B USD
Selling, general, and administrative676M USD573M USD455M USD558M USD666M USD
Operating expenses2.08B USD3.59B USD1.54B USD2.47B USD2.04B USD
Interest income70M USD22M USD12M USD21M USD—
Interest expense73M USD63M USD40M USD31M USD9M USD
Depreciation and amortization—163M USD224M USD448M USD525M USD
Operating income12.39B USD−1.38B USD−468M USD−2.04B USD1.2B USD
Net income11.43B USD−1.64B USD−672M USD−2.14B USD1.06B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
7 beats, 0 misses, 0 met estimates
Average EPS surprise
+103.99%
7 comparable reports
Latest EPS result
39.25
Estimate 34.96 · Beat by 12.27%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates49.9631.9313.91-4.12Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 7, 2025: actual 1.23, estimate 1.22, surprise +0.82%, Beat. Q2 2025, reported May 7, 2025: actual -0.3, estimate -0.39, surprise +23.08%, Beat. Q3 2025, reported Aug 14, 2025: actual 0.29, estimate 0.047, surprise +522.18%, Beat. Q4 2025, reported Nov 6, 2025: actual 1.22, estimate 0.883, surprise +38.17%, Beat. Q1 2026, reported Jan 29, 2026: actual 6.2, estimate 3.62, surprise +71.27%, Beat. Q2 2026, reported Apr 30, 2026: actual 23.41, estimate 14.62, surprise +60.12%, Beat. Q3 2026, reported Aug 5, 2026: actual 39.25, estimate 34.96, surprise +12.27%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 46.23, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates11.36B8.03B4.7B1.38BQ1 '25MetQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 7, 2025: actual 1.88B USD, estimate 1.88B USD, surprise 0.00%, Met estimate. Q2 2025, reported May 7, 2025: actual 1.7B USD, estimate 1.62B USD, surprise +4.50%, Beat. Q3 2025, reported Aug 14, 2025: actual 1.9B USD, estimate 1.82B USD, surprise +4.23%, Beat. Q4 2025, reported Nov 6, 2025: actual 2.31B USD, estimate 2.15B USD, surprise +7.25%, Beat. Q1 2026, reported Jan 29, 2026: actual 3.03B USD, estimate 2.69B USD, surprise +12.55%, Beat. Q2 2026, reported Apr 30, 2026: actual 5.95B USD, estimate 4.72B USD, surprise +26.06%, Beat. Q3 2026, reported Aug 5, 2026: actual 8.97B USD, estimate 8.48B USD, surprise +5.74%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 10.64B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$2,154.38

34.98% upside
Past 12 months12-month forecastHigh $3,050Average $2,154.38Low $1,200

Rating distribution

16 ratings
Strong buy00%
Buy1488%
Hold213%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Argus ResearchupgradeHoldBuy

SNDK news

fool.com

Micron, Sandisk, and SK Hynix: History Says This About the Memory Trio's Rally

Historically, memory markets face very big boom-and-bust cycles. However, there are several factors that clearly show this cycle likely will last much longer than past cycles.

Read source
marketbeat.com

$27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren't Over

Several industry giants that have seen impressive share price performance in 2026 recently made big-time buyback announcements. Share repurchases can do more than reduce share counts—they can also signal that management…

Read source
youtube.com

MU, SNDK Bull Case in Backlog & Easing Supply Woes After Stellar Stock Rally

Stocks like Micron (MU) and SanDisk (SNDK) have phenomenally outperformed over the last 12 months but also fell victim to a recent ramp in tech volatility. Bob Lang sees more room to run for the AI memory trade due to…

Read source
cnbc.com

Top Wall Street analysts believe in the growth potential of these 3 stocks

Analysts are bullish on the prospects of several stocks due to their long-term growth potential and exposure to lucrative areas, such as artificial intelligence.

Read source
fool.com

Micron vs. Sandisk: Which AI Memory Stock Should You Own?

Demand for memory solutions has become a top talking point amid accelerating AI infrastructure budgets. Micron casts a wide net, selling its memory solutions beyond hyperscaler data centers.

Read source
defenseworld.net

Benchmark Investment Advisors LLC Purchases Shares of 4,016 Sandisk Corporation $SNDK

Benchmark Investment Advisors LLC bought a new stake in shares of Sandisk Corporation (NASDAQ: SNDK) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The…

Read source

SNDK peers

NVIDIA Corporation logo

NVDA

NVIDIA Corporation

$214.72

-0.98%

Apple Inc. logo

AAPL

Apple Inc.

$309.35

-0.63%

Microsoft Corporation logo

MSFT

Microsoft Corporation

$483.24

+0.43%

Broadcom Inc. logo

AVGO

Broadcom Inc.

$368.45

+1.21%

SK hynix Inc. logo

SKHY

SK hynix Inc.

$163.41

+0.20%

Micron Technology, Inc. logo

MU

Micron Technology, Inc.

$966.78

-0.77%

ETFs holding SNDK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
5.73B
Weight
0.25%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Invesco QQQ Trust, Series 1 logoInvesco QQQ Trust, Series 1QQQ
Market value
5.11B
Weight
1.05%
AUM
485.41B USD
Expense ratio
0.18%
Price / 1D
$713.44+0.35%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
4.72B
Weight
0.28%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
3.19B
Weight
0.36%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
2.95B
Weight
0.36%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
1.9B
Weight
0.51%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$87.50+0.38%
State Street Technology Select Sector SPDR ETF logoState Street Technology Select Sector SPDR ETFXLK
Market value
1.89B
Weight
1.58%
AUM
119.4B USD
Expense ratio
0.08%
Price / 1D
$183.31+0.11%
Roundhill Memory ETF logoRoundhill Memory ETFDRAM
Market value
1.24B
Weight
4.47%
AUM
27.91B USD
Expense ratio
0.65%
Price / 1D
$57.68+0.17%

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