SNDK

Sandisk Corporation

$1,304.84

+$49.26 (3.92%)Oct 27 close

Information TechnologyS&P 500 Compare Technicals

Model valuationLooks undervaluedDCF base $5,098

1M 3M 6M 1Y 2Y

SNDKSPY

Wall St. Highest PT $3,600.00 (+175.9%) Wall St. Avg PT $2,173.00 (+66.5%)

Underwater Drawdown %Max DD -56.5%Current -44.1%

Relative Strength vs SPY+625.8% vs SPYOutperforming

−$60.54 (4.43%)

−$472.96 (26.60%)

+$208.74 (19.04%)

+$302.49 (30.18%)

YTD

+$1,067.46 (449.68%)

+$1,128.35 (639.33%)

Chart

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Ratings & dials

1m · 5m · 15m · 1h · 4h · 1D

Analyst & Morningstar ratings

Consensus · Targets · Morningstar

Wall Street analyst consensus

Buy

25 analysts · mean score 1.52

1 = Strong Buy · 5 = Sell

Strong Buy1768%

Buy416%

Hold312%

Underperform14%

Sell00%

Wall Street consensus · as of Oct 18, 2026

Analyst price targets

Current price$1,304.84

Average target$2,173.00

+$868.16 (+66.5%) upsideaverage target vs current price

CurrentAverageMedian

Low$1,000.00

Median$2,150.00

High$3,600.00

12-month Wall Street target range · as of Oct 18, 2026

Third-party ratings, not SURVYR.'s views.

Health check

Financial health

Safe zone

Altman Z-score 21.2

Above 2.99 is the safe zone, below 1.81 the distress zone.

Quality

Strong

Piotroski F-score 7 of 9

See the tests

✓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

Computed by SURVYR. from the company's SEC filings (latest balance sheet Jul 3, 2026). Descriptive, not a forecast.

Key stats & company

Market value$197.3B

P/E (last 12 months)18.5

P/E (next 12 months, estimated)5.1

52-week range$142.76 – $2,354.39

Revenue growth (latest quarter vs a year ago)+371.6%

Dividend yieldNo dividend

Analyst consensusBuy (24)

Average analyst price target$2,173.00 (+67%)

What they do

Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company provides solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes. It sells its products to computer manufacturers and original equipment manufacturers, datacenters, private cloud customers, cloud service providers.

Technology · Computer Hardware

Valuation and fundamentals

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 291%

▲Forward P/E vs sector5.1x vs median 17.3x

▲Piotroski F-score7/9

▲Altman Z21.2 (safe)

▲Net debt / EBITDA-0.4x

▲Analyst target+67% (24 analysts)

Discounted cash flow

Bear

$2,244

+72%

growth 18% · disc. 10.2% · term. 2.0%

Base

$5,098

+291%

growth 30% · disc. 9.2% · term. 2.5%

Bull

$9,704

+644%

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 35.4× · 15th pct

18.5×
cheaper

Forward P/E

sector median 17.3× · 1st pct

5.1×
cheaper

EV / EBITDA

sector median 20.3× · 30th pct

15.4×
cheaper

Price / sales

sector median 4.8× · 77th pct

9.7×
pricier

Price / book

sector median 5.2× · 79th pct

12.5×
pricier

FCF yield

sector median 3.6% · 76th 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 21.2 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$2,173

+67%

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%.

For information only · Important disclosures

Grades vs sector

Momentum

100th percentile in sector

A+

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

Growth

100th percentile in sector

A+

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

Value

85th percentile in sector

A-

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

Profitability

96th percentile in sector

A+

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

Revisions

Not enough data yet

–

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

Systematic Models

Held by 2 of 7 live models: Quality Growth, Momentum Top 15.

Quality Growth

6.7% of the book · ranked 1 of 360

Held Momentum Top 15

6.7% of the book · ranked 1 of 499

Held Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

SURVYR. Barbell Momentum & T-Bill Shield

Outside this model's universe or screens

SURVYR. Physical AI Grid & Power

Outside this model's universe or screens

SURVYR. Long Book

Not in the current book

Why it's in the 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 (2026-10-27) it ranks 2nd.

Why it's in the 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 (2026-10-27) it ranks 1st.

Earnings & events

SNDK earningsReports tomorrow

Next report · quarter Sep 2026

Thu Oct 29, 2026After the close

EPS consensus$46.41

Revenue consensus–

Last 4 quarters · EPS vs estimate

Aug 5, 2026$39.25est $34.52+13.7%Above estimates

Apr 30, 2026$23.41est $14.66+59.7%Above estimates

Jan 29, 2026$6.20est $3.54+75.0%Above estimates

Nov 6, 2025$1.22est $0.89+36.9%Above estimates

In line = within 1% of the estimate.

EstimateActual (beat)Actual (miss)

News & catalysts

More news

MU, SNDK, Neocloud Stocks Extend Gains On Anthropic Boost, SK Hynix Q3 Stunner; Jim Cramer Urges Caution

Stocktwits · 1h ago

Pre-Q1 Earnings: Is Sandisk Stock a Portfolio Must-Have?

Zacks · 13h ago

Sandisk Stocks Surge 3.5% Before Thursday's NAND Earnings Report

GuruFocus.com · 14h ago

Sandisk Stock Has Been Cut Nearly in Half Since June. Should You Buy It Before Thursday's Report?

Nasdaq · 14h ago

Don’t Be Surprised If NVIDIA, Micron, and SanDisk Outperform the Market Again

24/7 Wall St. · 16h ago

Research

Quality Growth: rebalance of Sep 30, 2026Oct 22, 2026 Momentum Top 15: rebalance of Sep 30, 2026Oct 22, 2026 Momentum Top 15: the October 2026 book, a rough start, and what the backtest says to expectOct 18, 2026

Insider trades

Shek Bernard

Chief Legal Officer and Secty · 2026-10-01

Sell
$1.0M

Goeckeler David