Sandisk Corporation (SNDK)

NASDAQ: SNDK · USD

$1,406

+101.26 (+7.8%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-09

Our latest published analysis: SNDK rated Sell

Sandisk Corporation's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$1,136 / share

Potential value

$2,132 / share

Upside to FV

-34.7%

from $1,406

Moat

5.3/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$254.8B
Revenue (ttm)	20.2B
Net income (ttm)	11.4B
EPS (ttm)	$73.8
Shares out	146.4M
P/E (trailing)	19.1x
P/E (forward)	7.1x
Volume	8,172,618

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 20.2B
Net income (ttm): 11.4B
EPS (ttm): $73.8
P/E (trailing): 19.1x
P/E (forward): 7.1x
Market cap: $254.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-06-30	2023-06-30	2024-06-28	2025-06-27	2026-07-03	Trend
Revenue	$9.75B	$6.09B	$6.66B	$7.36B	$20.25B	+20.0%
Gross profit	$3.24B	$430.0M	$1.07B	$2.21B	$14.47B	+45.3%
Operating income	$1.22B	$-2.04B	$-468.0M	$-1.38B	$12.39B	+78.7%
Net income	$1.06B	$-2.14B	$-672.0M	$-1.64B	$11.43B	+81.1%
EPS (diluted)	—	$-14.78	$-4.63	$-11.32	$73.76	—
EBITDA	$1.74B	$-1.52B	$-239.0M	$-1.25B	$13.09B	+65.6%
R&D	$1.36B	$1.17B	$1.06B	$1.13B	$1.33B	-0.6%
SG&A	$619.0M	$558.0M	$455.0M	$573.0M	$676.0M	+2.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	持有
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	持有
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	卖出
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	卖出
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	持有
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	强力买入

Base and Bull scenarios

Base50%

Price target

$1,135.50

-34.7% from spot

The recovery converts into strong near-term earnings but not permanent peak economics. Sustained operating margins through FY2029 and FY2030 would disconfirm this fade.

Purchase orders support FY2027-FY2028, followed by rapid growth and margin normalization.

Bull15%

Price target

$2,132.27

+22.5% from spot

Data Center revenue above its FY2026 base by FY2028 would strengthen product diversification. Failure to exceed that base would reject this part of the bull path.

By FY2028, Data Center revenue exceeds its FY2026 base while Edge remains resilient.
Realized pricing and mix keep consolidated operating margin from falling versus the prior year.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($1,135.50). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.0%	1.5%	2.0%	2.5%	3.0%
15.4%	$1,190	$1,190	$1,190	$1,190	$1,190
16.4%	$1,162	$1,162	$1,162	$1,162	$1,162
17.4%	$1,136	$1,136	$1,136	$1,136	$1,136
18.4%	$1,110	$1,110	$1,110	$1,110	$1,110
19.4%	$1,086	$1,086	$1,086	$1,086	$1,086

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E7.1

P25 n/aP50 n/aP75 n/a

Trailing P/E23.6

P25 n/aP50 n/aP75 n/a

ROE91.6

P25 n/aP50 n/aP75 n/a

ROIC102.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SNDK indicators

Market & fundamental data

Available fields

241

Groups with data

Currency

USD

Showing 241 of 241 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0002023554
Company name	Sandisk Corporation
Country	United States
Country code	US
CUSIP number	80004C200
Earnings date	2026-10-29
Earnings time	amc
Employees	11,100
Employees change	100
Employees growth	0.91%
Enterprise value	$199.5B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-07-03
First seen	2026-05-09
Fiscal year end	July
Founded	2024
In index	SP500, NASDAQ100
Industry	Computer Hardware
Is primary listing	Yes
Is SPAC	No
ISIN number	US80004C2008
Last 10-K release date	2026-08-17
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$205.9B
Market cap category	Large-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$1,406.10
Price currency	USD
Sector	Technology
SIC code	3572
Stock price date	2026-10-28
Symbol	SNDK
U.S. state	California
Website	https://www.sandisk.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	20.06x
Earnings yield	5.25%
EV/Earnings	17.1x
EV/EBIT	15.68x
EV/EBITDA	15.5x
EV/FCF	17.01x
EV/Sales	9.66x
FCF / EV yield	5.88%
FCF yield	5.69%
Forward EV/Sales	3.99x
Forward P/E	6.55x
Forward P/S	4.12x
Graham number	418.65449
Graham upside	-69.63%
Industry forward P/E	13.99x
Industry P/E	27.36x
Lynch fair value	$1,844.00
Lynch upside	33.76%
P/(FCF - SBC) ratio	17.92x
P/(OCF - SBC) ratio	17.65x
P/B ratio	12.36x
P/E ratio	19.06x
P/FCF ratio	17.56x
P/OCF ratio	17.3x
P/S ratio	9.97x
PEG ratio	0.15x
Price / tangible book value	18.79x
Price/EBITDA ratio	16x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	61.58%
EBITDA margin	62.31%
Effective tax rate	12.17%
FCF margin	56.77%
Gross margin	71.47%
Operating margin	61.58%
Pretax margin	64.29%
Profit margin	56.46%
Profit per employee	$1M
Profitable quarters	4
Profitable years	1
Revenue per employee	$1.8M
ROA	43.91%
ROCE	73.66%
ROE	91.64%
ROIC	102.23%
ROIC (5Y)	21.47%
SBC / revenue	1.15%
Tax / revenue	7.82%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (QoQ)	90.89%
EPS growth 3Y	243.49%
EPS growth quarters	3
EPS growth years	1
FCF growth (Q)	14,355.1%
FCF growth (QoQ)	136.65%
FCF growth 3Y	162.86%
Gross profit growth	554.25%
Gross profit growth (Q)	1,422.49%
Gross profit growth 3Y	82.82%
Net income growth (QoQ)	90.95%
Net income growth 3Y	208.74%
Net income growth quarters	3
Net income growth years	1
OCF growth	13,794.05%
OCF growth (Q)	7,480.85%
OCF growth (QoQ)	134.56%
OCF growth 3Y	123.41%
Operating income growth	2,359.17%
Operating income growth (Q)	13,694.12%
Operating income growth 3Y	154.21%
Revenue growth	175.3%
Revenue growth (Q)	371.59%
Revenue growth (QoQ)	50.67%
Revenue growth 3Y	53.81%
Revenue growth quarters	5
Revenue growth years	3

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-177M
Depreciation and amortization	$149M
EBIT	$12.5B
EBITDA	$12.6B
EPS	$73.76
FCF per share	$78.50
Financing cash flow	$-7B
Free cash flow	$11.5B
Free cash flow minus SBC	$11.3B
Gross profit	$14.5B
Income taxes	$1.6B
Investing cash flow	$-1.4B
Net borrowing	$-1.9B
Net cash flow	$3.3B
Net income	$11.4B
Operating cash flow minus SBC	$11.4B
Operating income	$12.5B
Revenue	$20.2B
Stock-based compensation	$232M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	11.1
Book value per share	$105.61
Debt / EBITDA	0.02
Debt / equity	0.01
Debt / FCF	0.02
Goodwill	$5B
Interest coverage	170.79
Long-term assets	$9.7B
Long-term liabilities	$1.2B
Net cash (debt)	$6.3B
Net cash / market cap	3.14%
Net debt / EBITDA	-0.5
Net debt / equity	-0.4
Net debt / FCF	-0.55
Piotroski F-Score	6
Property, plant and equipment	$867M
Shareholders' equity	$15.7B
Tangible book value	$10.7B
Tangible book value per share	$72.09
Total assets	$22.5B
Total cash	$4.8B
Total debt	$201M
Total liabilities	$6.8B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.14
Current assets	$12.8B
Current liabilities	$5.6B
Current ratio	2.29
Inventory turnover	2.42
Net working capital	$2.5B
Quick ratio	1.71
Working capital	$7.2B
Working capital turnover	3.73

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-6.9%
Dividend yield	0%
Shareholder yield	-6.9%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$1,469.67
1D price change	7.76%
1M price change	-21.17%
1M total return	-21.17%
1W price change	2.65%
1W total return	2.65%
1Y price change	694.1%
1Y return CAGR	695.22%
1Y total return	694.1%
20-day SMA	$1,469.94
200-day SMA	$1,250.63
3M price change	9.64%
3M total return	9.64%
50-day SMA	$1,571.62
50-day SMA vs 200-day SMA	50over200
52-week high	$2,354.39
52-week high date	2026-06-22
52-week low	$164.56
52-week low date	2025-10-28
6M price change	30.96%
6M total return	30.96%
After-hours change	-0.15%
After-hours close	$1,406.10
After-hours price	$1,404.00
All-time high	$2,354.39
All-time high date	2026-06-22
All-time low	$27.89
All-time low date	2025-04-07
Average true range (ATR)	$92.01
Average volume	8.2M
Beta (1Y)	3.51
Beta (2Y)	2.63
Change from 52-week high	-40.28%
Change from 52-week low	754.46%
Change from all-time high	-40.47%
Change from all-time low	4,926%
Change from open	3.73%
Day's gap	3.88%
Dollar volume	$11.5B
High price	$1,408.00
Low price	$1,344.43
Monthly RSI	65.16
Open price	$1,355.49
Position in 52-week range	97.01%
Premarket change	3.97%
Premarket close	$1,304.84
Premarket price	$1,356.59
Premarket volume	538.6K
Previous close	$1,304.84
Price vs 150-day SMA	-4.64%
Price vs 20-day SMA	-4.66%
Price vs 200-day SMA	12.06%
Price vs 50-day SMA	-10.82%
Relative volume	1
RSI	45.18
Sharpe ratio	2.37
Sortino ratio	4.03
Volume	8.2M
Weekly RSI	50.48
YTD price change	490.4%
YTD total return	490.4%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	144.5M
Float percentage	98.7%
Shares change (QoQ)	0%
Shares change (YoY)	6.9%
Shares held by insiders	0.43%
Shares held by institutions	80.63%
Shares outstanding	146.4M
Short % of float	3.26%
Short % of shares	3.21%
Short ratio	0.5 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	3,175

Deeper analysis on SNDK

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this SNDK report

What is the latest published SNDK stock rating?

Sandisk Corporation is shown with Sell in the latest published report, analyzed 2026-09-09. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full SNDK analysis?

The full latest published report, analyzed 2026-09-09, lives at /stocks/SNDK/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for SNDK?

The latest published report analyzed 2026-09-09 gives SNDK a fair value of USD 1,136 and a potential value of USD 2,132. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the SNDK page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-09). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellSNDK · Fair value $1,136-34.7%

Read full analysis →

Sandisk Corporation (SNDK)

Our latest published analysis: SNDK rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · SNDK

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All SNDK indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on SNDK

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	1.5
Management	7.5
Balance Sheet	8.5
Profitability	8.5
Revenue Growth	9.0
Risk Assessment	8.0
Competitive Moat	5.3
Earnings Quality	6.0
Capital Efficiency	8.5