SNDK

SanDisk
D

SNDK

Arincen91/100B

If you had invested in SanDisk ago, it would be worth $3,311 today, against $1,120 in SPY and $1,113 in QQQ.

ArincenArincen ScoreBeta

91/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

SanDisk key facts

Style
Growth stock · 10.0/10Growth 10.0 · Value 10.0
Day range
854.70 – 939.31
52-week range
183.00 – 2,354.39
Market capitalization
122.65B USD
P/E
6.50
PEG ratio
0.11
EPS
132.51
EPS growth forecast (FY2027)
+224.1%
Volume
144,795
Beta
5.65
ESG score
71.5/100Environment 75 · Social 72 · Governance 67
Sector
Technology
Industry
Computer Hardware
CEO
David V. Goeckeler
Employees
11K
IPO date
8 Nov 1995

SanDisk earnings

Next earnings · Q2 FY2027
EPS estimate
56.97 USD
Revenue estimate
12.48B USD
Last quarter · Q1 FY2027
EPS49.51Beat +6.1%Revenue11.03BBeat +2.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY202872.51———15.15B———
Q2 FY202874.03——+29.94%15.61B——+25.09%
Q1 FY202869.28——+39.93%14.78B——+33.96%
Q2 FY202756.97——+818.87%12.48B——+312.51%
Q1 FY202746.6749.51+6.09%+3,958.20%10.72B11.03B+2.92%+377.95%
Q4 FY202634.9639.25+12.27%+13,434.48%8.48B8.97B+5.74%+371.59%
Q3 FY202614.6223.41+60.12%—4.72B5.95B+26.06%+251.03%
Q2 FY20263.626.20+71.27%+404.07%2.69B3.03B+12.55%+61.25%
Q1 FY20260.881.22+38.17%—2.15B2.31B+7.25%—
Q4 FY20250.050.29+522.18%—1.82B1.90B+4.23%—

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

SanDisk analyst forecast

12-month price target
2,267.86 USD
+163.11%

Analysts' 1-year price targets range from 1,550.00 to 3,050.00, with an average of 2,267.86.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
18 ratings
Buy
15
Hold
3
Sell
0

12-month price target

Highest target3,050.00
Average target2,267.86
Lowest target1,550.00
Current price861.96

SanDisk valuation

Price to earnings ratio (TTM)
6.50
Forward P/E (FY2027)
3.80
Price to sales (TTM)
4.23
Price to book
7.79
EV / EBITDA (TTM)
5.42

Capital structure

Market capitalization
122.65B USD
+
Total debt
393.00M USD
−
Cash and short-term investments
4.76B USD
=
Enterprise value
118.28B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)2.87————
FY2028 (est.)2.962.87———
FY2027 (est.)3.802.96———
Now (TTM)6.503.444.237.795.42
FY202622.447.6912.6716.3019.05
FY2025-4.170.710.930.74-5.90
FY2024-7.71—0.780.47-24.44
FY2023-2.42—0.850.45-3.88
FY20224.87—0.530.403.33

SanDisk against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Western Digital, Arista Networks, Dell Technologies, Hewlett Packard Enterprise, Everpure, and NetApp, the US Computer Hardware companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years71.5%
    7.1%71.5%
    Against its peers: 1 of 7Peers' median 56.5%
  • Operating marginHighest in 5 years61.2%
    -33.4%61.2%
    Against its peers: 1 of 7Peers' median 16.0%
  • Net marginHighest in 5 years56.5%
    -35.2%56.5%
    Against its peers: 2 of 7Peers' median 11.8%
  • Return on equityHighest in 5 years72.7%
    -18.7%72.7%
    Against its peers: 3 of 6Peers' median 28.4%
  • Free cash flow marginHighest in 5 years56.8%
    -15.3%56.8%
    Against its peers: 1 of 7Peers' median 21.9%
  • Revenue growthHighest in 5 years175.3%
    -37.6%175.3%
    Against its peers: 1 of 7Peers' median 17.2%
  • Current ratioAbove its median2.29
    1.563.56
    Against its peers: 2 of 7Peers' median 1.38

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

SanDisk growth and profitability

Revenue (TTM)
28.97B USD
Net income (TTM)
19.42B USD
Gross margin
79.95%
Operating margin
72.46%
Net margin
67.04%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202620.25B+175.30%11.43B—71.47%61.19%56.46%13.24B—
FY20257.36B+10.39%-1.64B—30.07%-18.72%-22.31%-1.25B—
FY20246.66B+9.48%-672.00M—16.09%-7.02%-10.09%-239.00M—
FY20236.09B-37.61%-2.14B-301.41%7.07%-33.44%-35.21%-1.52B-187.48%
FY20229.75B+75.28%1.06B+173.89%33.26%12.30%10.91%1.74B+26.16%

SanDisk revenue breakdown

By product

FY2026
Edge: 60.1%Datacenter: 25.4%Consumer: 14.5%60.1%Edge25.4%Datacenter14.5%Consumer
SegmentRevenueShare of revenueChange on the year
Edge12.16B60.1%—
Datacenter5.15B25.4%—
Consumer2.94B14.5%+29.4%

By region

FY2026
HONG KONG: 25.3%Rest of Asia: 22.8%China: 22.2%United States: 18.3%EMEA: 8.6%Other Geographical: 2.8%25.3%HONG KONG22.8%Rest of Asia22.2%China18.3%United States8.6%EMEA2.8%Other Geographical
RegionRevenueShare of revenueChange on the year
HONG KONG5.13B25.3%+294.0%
Rest of Asia4.61B22.8%+313.3%
China4.50B22.2%+120.7%
United States3.71B18.3%+156.7%
EMEA1.73B8.6%+35.3%
Other Geographical561.00M2.8%+228.1%

How SanDisk makes its money

Edge12.16B 60.1%
Datacenter5.15B 25.4%
Consumer2.94B 14.5%
Revenue20.25B 100.0%
Cost of revenue5.78B 28.5%
Gross profit14.47B 71.5%
Research and development1.33B 6.6%
Selling and administration676.00M 3.3%
Other operating expenses79.00M 0.4%
Operating income12.39B 61.2%
Tax1.58B 7.8%
Net income11.43B 56.5%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

SanDisk financial health

Cash and short-term investments
4.76B USD
Total debt
393.00M USD
Net cash
4.37B USD
Free cash flow (TTM)
17.37B USD
Current ratio
2.29
Debt to equity
0.02
Piotroski score
7 / 9
Altman Z-score
14.61

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20264.76B393.00M11.49B
FY20251.48B2.04B-120.00M
FY2024328.00M985.00M-475.00M
FY2023292.00M1.02B-932.00M
FY2022335.00M950.00M741.00M

SanDisk ownership

Institutions
75.48%
Institutional holders
1,956 (+679)
Free float
98.68%

Who owns the shares

Institutions 75.5% Others 24.5%
As of 30 Jun 2026

Shares free to trade

Free float 140.42M shares ·98.7% Closely held 1.87M shares ·1.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026020.001.52K
Q3 20260678.29K182.67K
Q2 2026060.0028.87K
Q1 20260114.50K24.99K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026147.00M155.00M+6.90%
FY2025145.00M145.00M0.00%
FY2024144.00M145.00M0.00%
FY2023144.00M145.00M+0.69%
FY2022144.00M144.00M-32.36%

Source: Financial Modeling Prep

Related Instruments News

Title: SanDisk Corp.

Sector: Technology
Industry: Computer Hardware
Sandisk is one of the five largest global suppliers of NAND flash memory semiconductors. Sandisk is vertically integrated, producing all of its flash chips substantially at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk was formerly a part of Western Digital for nine years (after being acquired in 2016) and was spun off as anindependent company in 2025.

Common questions about SanDisk stock