Sandisk Corp (SNDK)
Information Technology · Technology Hardware, Storage & Peripherals · US stock · S&P 500 component
$1,299.30
▼ -95.53 (6.85%)
Fair valueData under review
$2,643
$1,321fair band $1,586–$3,700$3,964
Day's range
$1,296.19 – $1,362.35
52-week range
$136.29 – $2,354.39
Red flags⚠ Heavy dilution
About Sandisk Corp
Sandisk develops and sells flash memory storage products, including solid state drives for data centers, personal computers and mobile devices, as well as memory cards and USB drives for consumers. Revenue comes from selling these products to device makers, cloud operators, distributors and retailers. The business is cyclical, because prices for memory chips move with supply and demand across the electronics industry.
Sandisk Corp generated $20.2 billion in revenue during the last twelve months. The three-year revenue growth rate is 49.3% a year. Operating margin stands at 61.2%, showing profit left after running costs. Return on invested capital stands at 97%. Net debt to EBITDA is -0.4 times, which means the company holds more cash than debt. No dividend is paid to shareholders. The X-Ray Score is 78 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $136.29 – $2,354.39Volume 8,871,386Daily, split-adjusted
Vitals
Market cap$201.4B
52-week range$136.29 – $2,354.39
Volume (last day)8,871,386
P/E (TTM)17.5
EBIT / EV yield6.3%
Free-cash-flow yield5.7%
Dividend yieldNo dividend
Revenue (TTM)$20.2B
Net income (TTM)$11.4B
Operating margin61.2%
Return on capital97.4%
Debt incl. leases$201M
Cash & securities$4.8B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$2,643model spread $2,353 – $2,970
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Earnings are far above the company's own 3-year history, so models would extrapolate a possible peak
Price $1,299
Undervalued < $1,586Fair $1,586 – $3,700Overvalued > $3,700
10-year DCF (market-scaled)
$3,646
Peer multiples
$2,301
Earnings power floor (not blended)
$35
Fundamentals-adjusted multiple
$1,981
Growth the price implies
10.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Strong
86/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield6.3%
Free-cash-flow yield5.7%
Fair value vs price2.0×
Growth
Strong
76/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)49.3%
Growth consistency83%
Profitability
Fair
64/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital97.4%
Operating margin61.2%
Gross profitability64.3%
Financial health
Strong
83/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA-0.4×
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
-0.6%
Mar '25
–
Jun '25
+22.6%
Oct '25
+61.2%
Jan '26
+251.0%
Apr '26
+371.6%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $9.0B.
Compare with peers
NTAP NetApp, Inc.62 AAPL Apple Inc.55 WDC Western Digital Corp55 STX Seagate Technology Hol...54Other Technology Hardware, Storage & Peripherals companies by X-Ray Score.
Fundamentals checklist
● 12 Good · ● 1 Average · ● 1 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 77/100.
Financials
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Revenue | $6.1B | $6.7B | $7.4B | $20.2B |
| Operating income | −$2.0B | −$468M | −$1.4B | $12.4B |
| Net income | −$2.1B | −$672M | −$1.6B | $11.4B |
| Operating cash flow | −$713M | −$309M | $84M | $11.7B |
| Operating margin | -33.4% | -7.0% | -18.7% | 61.2% |
| Free cash flow | −$932M | −$475M | −$120M | $11.5B |
| Diluted EPS | $-14.78 | $-4.63 | $-11.32 | $73.76 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
6 bullish · 0 neutral · 10 bearish
Weekly
Bearish
2 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
4 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 1,531.5 | Bearish |
| EMA 10 | 1,497.3 | Bearish |
| SMA 20 | 1,650.4 | Bearish |
| EMA 20 | 1,570.7 | Bearish |
| SMA 50 | 1,593.1 | Bearish |
| EMA 50 | 1,591.3 | Bearish |
| SMA 100 | 1,644.4 | Bearish |
| EMA 100 | 1,509.5 | Bearish |
| SMA 200 | 1,210.7 | Bullish |
| EMA 200 | 1,246.0 | Bullish |
Oscillators (daily)
| RSI (14) | 29.69 | Bullish |
| MACD (12, 26) | -65.47 | Bearish |
| Momentum (12) | -25.32 | Bearish |
| Stochastic %K (14) | 4.43 | Bullish |
| Williams %R (14) | -95.57 | Bullish |
| CCI (20) | -172.0 | Bullish |
Pivot points (classic, last session)
S3 1,210.1 | S2 1,253.1 | S1 1,276.2 | Pivot 1,319.3 | R1 1,342.4 | R2 1,385.4 | R3 1,408.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
SNDK SEC filings
6 Oct 2026
DEF 14ASEC EDGAR
Proxy statement
16 Sep 2026
8-KSEC EDGAR
Director or officer change
11 Sep 2026
8-KSEC EDGAR
Entered a material agreement
17 Aug 2026
10-KSEC EDGAR
Annual report
5 Aug 2026
8-KSEC EDGAR
Results of operations; Other events
15 May 2026
8-KSEC EDGAR
Other events
1 May 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations; Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.