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Sandisk Corporation (SNDK)

1,187.00 +90.49 (+8.25%)
At close: May 1 at 4:00:00 PM EDT
1,187.94 +0.94 (+0.08%)
After hours: May 1 at 7:59:59 PM EDT
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SNDK Q3 2026 earnings call
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News headlines SanDisk reported a record fiscal Q3, with non-GAAP EPS of $23.41, driven by a 251% year-over-year revenue increasefueled by AI and datacenter demand. The company also announced $42 billion in multi-year supply agreementsand a $6 billion share buyback plan, indicating a strategic pivot towards higher-margin clients.

SanDisk reported a record fiscal Q3, with non-GAAP EPS of $23.41, driven by a 251% year-over-year revenue increasefueled by AI and datacenter demand. The company also announced $42 billion in multi-year supply agreementsand a $6 billion share buyback plan, indicating a strategic pivot towards higher-margin clients.

Updated 1h ago · Powered by Yahoo Scout
  • Previous Close 1,096.51
  • Open 1,059.02
  • Bid 1,163.00 x 100
  • Ask 1,191.78 x 1000
  • Day's Range 1,048.00 - 1,189.24
  • 52 Week Range 33.13 - 1,189.24
  • Volume 22,786,258
  • Avg. Volume 18,661,435
  • Market Cap (intraday) 175.676B
  • Beta (5Y Monthly) --
  • PE Ratio (TTM) 40.48
  • EPS (TTM) 29.32
  • Earnings Date Apr 30, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 1,205.71

Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company offers solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, industrial, and connected home applications, as well as removable cards, universal serial bus drives, and wafers and components. It sells its products to computer manufacturers and original equipment manufacturers, datacenters, private cloud customers, cloud service providers, resellers, distributors, and retailers through its sales personnel, dealers, distributors, retailers, and subsidiaries. Sandisk Corporation was incorporated in 2024 and is based in Milpitas, California.

www.sandisk.com

11,000

Full Time Employees

June 27

Fiscal Year Ends

Technology

Sector

Performance Overview: SNDK

Trailing total returns as of 5/1/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

SNDK
400.04%
S&P 500 (^GSPC)
5.62%

1-Year Return

SNDK
3,542.22%
S&P 500 (^GSPC)
29.01%

3-Year Return

SNDK
3,285.62%
S&P 500 (^GSPC)
73.47%

5-Year Return

SNDK
3,285.62%
S&P 500 (^GSPC)
72.92%

Earnings Trends: SNDK

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 5.95B
Earnings 3.67B

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
2B
4B

Analyst Insights: SNDK

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Analyst Price Targets

650.00 Low
1,205.71 Average
1,187.00 Current
1,800.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 5/1/2026
Analyst Citigroup
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 980 -> 1300

Statistics: SNDK

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Valuation Measures

Annual
As of 5/1/2026
  • Market Cap

    175.68B

  • Enterprise Value

    174.93B

  • Trailing P/E

    40.57

  • Forward P/E

    23.36

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    13.66

  • Price/Book (mrq)

    12.75

  • Enterprise Value/Revenue

    13.27

  • Enterprise Value/EBITDA

    32.33

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    34.19%

  • Return on Assets (ttm)

    22.82%

  • Return on Equity (ttm)

    39.30%

  • Revenue (ttm)

    13.18B

  • Net Income Avi to Common (ttm)

    4.51B

  • Diluted EPS (ttm)

    29.32

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.74B

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    2.28B

Compare To: SNDK

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Company Insights: SNDK

Fair Value

1,187.00 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports: SNDK

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  • Sandisk Earnings: Every Superlative Would Be Underselling It

    Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips 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 piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.

    Rating
    Price Target
  • Raising target price to $1,052.00

    Sandisk Corp/DE has an Investment Rating of HOLD; a target price of $1052.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of Low; and a Value Subrating of High.

    Rating
    Price Target
  • Lowering target price to $949.00

    Sandisk Corp/DE has an Investment Rating of HOLD; a target price of $949.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of Low; and a Value Subrating of High.

    Rating
    Price Target
  • Raising target price to $992.00

    Sandisk Corp/DE has an Investment Rating of HOLD; a target price of $992.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of Low; and a Value Subrating of High.

    Rating
    Price Target

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