SNDK

Sandisk Corporation

$1,371.12

+5.53% 2026-10-19

Information TechnologyS&P 500

1M 3M 6M 1Y 2Y

SNDKSPY

-7.8%

-23.5%

-1.4%

+50.2%

YTD

+477.6%

+878.3%

Grades vs sector

Momentum

100th pct in sector

A+

12-1 return: +772.9%
Percentile within its GICS sector across the S&P 1500.

Growth

100th pct in sector

A+

Revenue growth (YoY): +371.6%
Percentile within its GICS sector across the S&P 1500.

Value

85th pct in sector

A-

Forward E/P: 20.5% · EBITDA/EV: 6.8%
Percentile within its GICS sector across the S&P 1500.

Profitability

96th pct in sector

A+

Profit margin: +56.5% · Return on equity: +91.6%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Held by 2 of 3 live models: Momentum Top 15, Quality Growth.

Momentum Top 15

6.7% of the book · rank 1 of 499

Held Quality Growth

6.7% of the book · rank 1 of 360

Held Momentum Blend

not in the current book

Why it's in Momentum Top 15 #1 of 499

Qualified on 12-1 momentum of +1296.3% (its gain from 12 months to 1 month before 2026-09-30). Ranked 1st of 499 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 15 at the next rebalance (Oct 30). In the latest preview (2026-10-16) it ranks 1st.

Why it's in Quality Growth #1 of 360

Qualified on ROIC 89%, revenue +175% (TTM), growth accelerating +269.4 pts, latest quarter 2026-07-03. Ranked 1st of 360 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 15 at the next rebalance (Oct 30). In the latest preview (2026-10-16) it ranks 1st.

Key stats

Market cap$198.2B

P/E (trailing)18.6

P/E (forward)5.1

52-week range142.76 – 2,354.39

Revenue growth (YoY, latest qtr)+371.6%

Dividend yield0.00%

Analyst consensusBuy (24)

Mean price target$2,173.00 (+58%)

Valuation & fundamentals

Bottom line

Looks undervalued

Model read-out from the numbers below, not advice. Score +5 (DCF counts double).

▲DCF (base case)above the price by 289%

▲Forward P/E vs sector5.1x vs median 16.9x

▲Piotroski F-score7/9

▲Altman Z21.3 (safe)

▲Net debt / EBITDA-0.4x

▲Analyst target+58% (24 analysts)

Discounted cash flow

Bear

$2,349

+71%

growth 18% · disc. 10.2% · term. 2.0%

Base

$5,334

+289%

growth 30% · disc. 9.2% · term. 2.5%

Bull

$10,155

+641%

growth 38% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 4% a year for 10 years.

Implied

+4%/yr

FCF, last 3 yrs

n/a

FCF, last 5 yrs

n/a

Revenue, last 3 yrs

+49%/yr

Revenue, last 5 yrs

n/a

Same inputs as the DCF above: trailing free cash flow 11.5B, 9.2% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2026; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (FY to 2026-07-03). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9× · 16th pct

18.6×
cheaper

Forward P/E

sector median 16.9× · 2nd pct

5.1×
cheaper

EV / EBITDA

sector median 20.8× · 30th pct

15.4×
cheaper

Price / sales

sector median 4.6× · 77th pct

9.8×
pricier

Price / book

sector median 5.1× · 79th pct

12.6×
pricier

FCF yield

sector median 3.5% · 72nd pct

5.8%
cheaper

Forward EPS $266.30 vs trailing $73.76 (+261% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$59.8B

as of 2026-07-03

vs a year ago

–

YoY

× TTM revenue

2.95×

coverage

26-04

26-07

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

71.5%

Operating margin

61.2%

FCF margin

56.8%

Net margin

56.5%

Return on equity

72.7%

Return on invested capital

99.2%

Net debt / EBITDA

-0.4×

Current ratio

2.3×

Interest cover

169.7×

Cash conversion (OCF/NI)

1.0×

Piotroski F-score 7/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✓ Gross margin improved✓ Asset turnover improved

Altman Z-score 21.3 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$2,173

+58%

Analysts

Buy

Range

$1,000–$3,600

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2026	$20.2B	$11.4B	$11.5B
2025	$7.4B	$-1.6B	$-120.0M
2024	$6.7B	$-672.0M	$-475.0M
2023	$6.1B	$-2.1B	$-932.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +49.3%.

Earnings

Next report: 2026-10-29 · after close · EPS est 46.27

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-05	34.52	39.25	+13.7%
2026-04-30	14.66	23.41	+59.7%
2026-01-29	3.54	6.20	+75.0%
2025-11-06	0.89	1.22	+36.9%
2025-08-14	0.03	0.29	+771.1%
2025-05-07	-0.39	-0.30	+22.4%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$9.0B	+371.6%
2026-03-31	$6.0B	–
2025-12-31	$3.0B	–
2025-09-30	$2.3B	–
2025-06-30	$1.9B	–

Analyst actions

Mizuho

2026-10-06 · main

Outperform → Outperform
PT $2,050

Rosenblatt

2026-09-22 · init

→ Buy
PT $2,400

Mizuho

2026-08-25 · main

Outperform → Outperform
PT $1,875

RBC Capital

2026-08-14 · main

Sector Perform → Sector Perform
PT $1,600

Wells Fargo

2026-08-14 · main

Equal-Weight → Equal-Weight
PT $1,550

Wedbush

2026-08-14 · reit

Outperform → Outperform
PT $2,000

Insider trades

Shek Bernard

Chief Legal Officer and Secty · 2026-10-01

SELL
$1.0M

Goeckeler David