Sandisk Corporation (SNDK) Stock Price & Analysis
Sandisk Corporation (SNDK) closed at USD 1,260.93 on Thursday, October 22, 2026, down 8.51% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 1,260.93; the Oct 22, 2026 session ranged USD 1,244.6–1,355 on volume of 10,345,622 shares. Market capitalization is —, with a 52-week range of USD 146–2,354.39 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SNDK.md
Key facts (SNDK)
- Last four reported quarters (through Jul 3, 2026): revenue $20.2B, net income $11.4B (56.5% margin), free cash flow $11.5B (SEC filings).
- 2 of 80 tracked superinvestors hold SNDK (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 14 Form 4 filings, $131M; 3 not under a Rule 10b5-1 plan ($7.9M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.08 on a 1–5 scale) (25 analysts), mean target USD 2,173 (range 1,000–3,600).
- Total return with dividends: 1Y +654.8% vs S&P 500 +14.9%; 5Y +3340.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 46.27, revenue estimate $10.7B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SNDK)
| USD | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|
| Revenue | $6.09B | $6.66B | $7.36B | $20.2B | $20.2B |
| Gross profit | $430M | $1.07B | $2.21B | $14.5B | — |
| Operating income | -$2.04B | -$468M | -$1.38B | $12.4B | $12.4B |
| Net income | -$2.14B | -$672M | -$1.64B | $11.4B | $11.4B |
| EPS (diluted) | -$14.78 | -$4.63 | -$11.32 | $73.76 | — |
| Free cash flow | -$932M | -$475M | -$120M | $11.5B | $11.5B |
| Gross margin | 7.1% | 16.1% | 30.1% | 71.5% | — |
| Operating margin | -33.4% | -7.0% | -18.7% | 61.2% | 61.2% |
| Net margin | -35.2% | -10.1% | -22.3% | 56.5% | 56.5% |
| Revenue growth | — | +9.5% | +10.4% | +175.3% | — |
| Cash + short-term investments | $292M | $328M | $1.48B | $4.76B | — |
| Total debt | — | $0K | $1.85B | $0K | — |
Fiscal years end Jul. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 3, 2026) (SNDK)
P/E at fiscal year-ends: Jul 2026 16.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (SNDK)
2 of 80 tracked investors hold SNDK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $1.3M | New position |
| Polen Capital | Polen Capital Management | <0.01% | $439K | Reduced -57.4% |
Insider sales (SEC Form 4, open-market, last ~7 months) (SNDK)
11 of 14 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Shek Bernard | Chief Legal Officer and Secty | 600 | $1.0M | 2.3% | Yes (adopted March 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-17 | Goeckeler David | Chairman & CEO | 33,841 | $53.3M | 8.1% | Yes (adopted May 29, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-15 | Visoso Luis Felipe | EVP & CFO | 1,000 | $1.6M | 0.8% | Yes (adopted May 22, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-14 | Goeckeler David | Chairman & CEO | 33,838 | $51.7M | 7.6% | Yes (adopted May 29, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-08 | Shek Bernard | Chief Legal Officer & Secty | 2,308 | $4.1M | 8.4% | Yes (adopted March 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-03 | Ilkbahar Alper | EVP & Chief Technology Officer | 400 | $626K | 1% | Yes (adopted June 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-03 | Ilkbahar Alper | EVP & Chief Technology Officer | 4,712 | $7.3M | 9.6% | Yes (adopted June 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | Shek Bernard | Chief Legal Officer & Secty | 600 | $915K | 2% | Yes (adopted March 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Shek Bernard | Chief Legal Officer & Secty | 600 | $697K | 1.9% | Yes (adopted March 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Shek Bernard | Chief Legal Officer & Secty | 600 | $1.3M | 1.9% | Yes (adopted March 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-03 | Shek Bernard | Chief Legal Officer & Secty | 600 | $1.0M | 1.8% | Yes (adopted March 4, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-01 | Ilkbahar Alper | EVP, Chief Technology Officer | 2,000 | $3.5M | 3.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12 | Pokorny Michael | VP, Chief Accounting Officer | 2,446 | $3.5M | 9.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-08 | Sayiner Necip | Director | 579 | $870K | 16.6% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SNDK)
Consensus Buy (mean 2.08 on a 1–5 scale), 25 analysts; mean target USD 2,173 (low 1,000, high 3,600).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | Mizuho | Target raised | Outperform | $1875 → $2050 |
| 2026-09-22 | Rosenblatt | Initiated | Buy | $2400 |
| 2026-08-25 | Mizuho | Target lowered | Outperform | $1900 → $1875 |
| 2026-08-14 | RBC Capital | Target raised | Sector Perform | $1300 → $1600 |
| 2026-08-14 | Wells Fargo | Target raised | Equal-Weight | $1400 → $1550 |
| 2026-08-14 | Wedbush | Reiterated | Outperform | $2000 |
| 2026-08-14 | Cantor Fitzgerald | Reiterated | Overweight | $2900 |
| 2026-08-10 | Argus Research | Upgrade | Hold → Buy | |
| 2026-08-06 | RBC Capital | Target raised | Sector Perform | $1000 → $1300 |
| 2026-08-06 | Wells Fargo | Target lowered | Equal-Weight | $1620 → $1400 |
| 2026-08-06 | Citigroup | Target lowered | Buy | $2500 → $2100 |
| 2026-08-06 | Evercore ISI Group | Target lowered | Outperform | $3100 → $2800 |
Total return (dividends reinvested) (SNDK)
| 1Y (from 2025-10-23) | 5Y (from 2025-02-10) | |
|---|---|---|
| Total return | +654.8% | +3340.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +660.1% | +705.0% |
| Volatility (annualized) | 112.0% | 101.7% |
| Max drawdown | -56.5% (Jun 2026→Jul 2026) | -45.1% (Mar 2025→Mar 2025) |
SNDK revenue by product line (quarter ended Jul 3, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Edge | $5.43B | 60.6% | +392.5% |
| Datacenter | $2.98B | 33.2% | +1297.7% |
| Consumer | $556.0M | 6.2% | -5.0% |
| Total revenue | $8.96B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SNDK suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Kioxia | “All of our flash-based memory is obtained from our joint ventures with Kioxia, which provide us with leading-edge, high-quality flash memory wafers.” |
| Supplier | JCET Management | “Our assembly and test operations comprise in-house assembly and test facilities located in Penang, Malaysia, facilities operated by other contract manufacturers, and the assembly and test facility owned and operated by SDSS, a venture that is owned 20% by Sandisk and 80% by JCET Management Co., Ltd. We believe the use of our in-house assembly and test facilities and manufacturing partners provide flexibility and g…” |
| Related party | Western Digital (WDC) | “Additional information regarding our outstanding notes due to (from) Western Digital Corporation is included in Part II, Item 8., Note 10, Related Parties and Related Commitments and Contingencies of the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K.” |
| Competitor | Micron Technology (MU) | “We compete with vertically-integrated suppliers such as Kioxia, Micron Technology, Inc., Samsung Electronics Co., Ltd., SK Hynix, Inc., Yangtze Memory Technologies Co., Ltd. and numerous smaller companies that assemble flash into products.” |
| Competitor | Samsung Electronics | “We compete with vertically-integrated suppliers such as Kioxia, Micron Technology, Inc., Samsung Electronics Co., Ltd., SK Hynix, Inc., Yangtze Memory Technologies Co., Ltd. and numerous smaller companies that assemble flash into products.” |
| Competitor | SK hynix | “We compete with vertically-integrated suppliers such as Kioxia, Micron Technology, Inc., Samsung Electronics Co., Ltd., SK Hynix, Inc., Yangtze Memory Technologies Co., Ltd. and numerous smaller companies that assemble flash into products.” |
Quoted from the company's 10-K filed Aug 17, 2026.
Companies that name SNDK in their SEC reports
| Relationship to SNDK | Company | Filing | Sentence |
|---|---|---|---|
| customer | Silicon Motion Technology CORP (SIMO) | 20-F Apr 30, 2026 | “Our controllers are also designed to support the majority of the latest and next generations of NAND flash components manufactured by vendors such as Kioxia, Micron, Samsung, SK Hynix (and Hynix's subsidiary, Solidigm), Sandisk and YMTC, which enable customers to have wide choices of components for developing and building storage devices.” |
| supplier | Adeia Inc. (ADEA) | 10-K Feb 26, 2026 | “These agreements are typically for specified periods of time, and our customers include Kioxia, Micron, Samsung, SanDisk, SK Hynix, Sony, ST Microelectronics, and UMC.” |
SNDK customer concentration
In the period ended Jul 3, 2026, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Aug 17, 2026. The company does not name it.
SNDK company outlook (results filed Aug 5, 2026)
- “The Company's Non-GAAP operating expenses guidance excludes stock-based compensation expense, totaling approximately $54 million to $74 million.”
- “Non-GAAP diluted net income per share guidance excludes these items totaling $59 million to $81 million.”
Quoted word-for-word from the SEC 8-K results press release.
SNDK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $46.27 | $43.80 | +5.6% | $10.68B | 18 |
| Next quarter (ends Dec 2026) | $52.94 | $52.46 | +0.9% | $12.21B | 18 |
| Current fiscal year (ends Jun 2027) | $214.82 | $212.60 | +1.0% | $49.14B | 22 |
| Next fiscal year (ends Jun 2028) | $266.30 | $248.42 | +7.2% | $58.44B | 21 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 1,260.93 |
|---|---|
| Change | ▼ 8.51% (down) |
| Previous Close | USD 1,260.93 |
| Open | USD 1,260.93 |
| Day Range | USD 1,244.6 – 1,355 |
| 52-Week Range | USD 146 – 2,354.39 |
| Volume | 10,345,622 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (SNDK)
Nexqual's technical model rates SNDK "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 29.18 (oversold) |
| vs SMA50 | Below (USD 1,599.25) |
| MACD | -89.87 (negative) |
Analyst Ratings (SNDK)
Wall Street analysts rate SNDK "Buy" based on 25 analysts, with a mean price target of USD 2,173 (range USD 1,000–3,600), per Nexqual as of October 23, 2026 at 09:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 2,173 |
| High Target | USD 3,600 |
| Low Target | USD 1,000 |
| Buy / Hold / Sell | 21 / 3 / 1 |
Earnings (SNDK)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 46.27 |
| Revenue Estimate | $10.68B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 39.25 vs est 34.52 ▲ beat |
| 2026-03-31 | USD 23.41 vs est 14.66 ▲ beat |
| 2025-12-31 | USD 6.2 vs est 3.54 ▲ beat |
| 2025-09-30 | USD 1.22 vs est 0.89 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (SNDK)
| Total Revenue | $20.25B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +371.60% |
| Gross Margin | +71.47% |
| Operating Margin | +78.47% |
| Profit Margin | +56.46% |
| ROE | +91.64% |
| Debt / Equity | 0.01 |
| Current Ratio | 2.29 |
| Total Cash | $4.76B |
| Total Debt | $201.00M |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (SNDK)
| Insider Ownership | +1.08% |
|---|---|
| Institutional Ownership | +82.93% |
| Shares Outstanding | 144.53M |
| Float | 144.50M |
| Short % of Float | +3.34% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Sandisk Corporation's Latest SEC 10-K Filing (filed 2026-08-17)
Key Strengths & Strategy (as disclosed to the SEC)
- Sandisk is a leading global semiconductor memory company with more than 30 years of innovation in NAND flash technology.
- We are a vertically integrated solutions provider with ownership of chip-level design and IP, front and back-end manufacturing, as well as systems engineering and design.
- We rely upon non-disclosure agreements, contractual provisions and a system of internal safeguards to protect our proprietary information.
- We believe our expertise and innovation in flash technology enable us to bring powerful solutions to a broader range of applications.
Partnerships
- On the same date, Sandisk entered into an FPL Second Commitment and Extension Agreement (the "FPL Second Extension Agreement", and together with the FAL Second Extension Agreement, collectively, the "Extension Agreements") by and among Sandisk, Kioxia, SanDisk LLC, and SanDisk (Cayman) Limited ("SanDisk Cayman"), under which the parties thereto extended the term of Flash Partners from December 31, 2029 to December 31, 2034.
Legal & Regulatory Risks (Item 1A, quoted)
- Our failure to comply with laws, rules and regulations related to data use and security could subject us to legal proceedings, penalties, significant liability, loss of customers, loss of revenue or reputational harm.
- We are or may be subject to legal and regulatory requirements as well as customer, industry and coalition standards, and compliance with those requirements could increase our operating costs and failure to comply may harm our business.
- Our aspirations, disclosures and actions related to sustainability and governance matters expose us to risks that could adversely affect our reputation and performance.
- We and certain of our officers may at times be involved in litigation, investigations and governmental proceedings, which may be costly and could result in adverse court rulings, fines or penalties.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| DELL | Dell Technologies Inc. | USD 452.95 | ▼ 6.78% |
| P | Everpure, Inc. | USD 121.2 | ▼ 7.43% |
| HPQ | HP Inc. | USD 33.76 | ▲ 7.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt