Sandisk Corporation (SNDK)
NASDAQ · Technology · analysed October 12, 2026
Sandisk Corporation is a semiconductor storage company specializing in NAND flash memory products, including solid-state drives (SSDs), memory cards, and enterprise flash storage solutions. Originally founded in 1988, the company was acquired by Western Digital in 2016 before completing a spin-off to re-emerge as an independent publicly traded company. Sandisk is currently focused on expanding its high-performance enterprise SSD portfolio and advancing 3D NAND memory technology to support the rapidly growing storage demands of artificial intelligence infrastructure and cloud data centers.
Executive summary
Sandisk Corporation has delivered extraordinary fiscal 2026 financial expansion driven by AI datacenter storage demand, generating 20.25 billion dollars in revenue and 11.49 billion dollars in free cash flow while completely eliminating funded debt3. The company has locked in 93.9 billion dollars in take-or-pay New Business Model contracts covering a large majority of its production through fiscal 20289,10,12. However, with shares up nearly 700% over the past year, the market has heavily priced in this cyclical peak, while Sandisk remains exposed to joint-venture manufacturing concentration and eventual industry-wide memory capacity expansion3,23,25.
Sources cited here, 6 of 30
- 3Sandisk Reports Fiscal Fourth Quarter 2026 Financial Results
- 9sandisk.com
- 10sandisk.com
- 12sandisk.com
- 23counterpointresearch.com
- 25trendforce.com
Key figures
- Market cap
- $235.7B
- P/E, trailing
- 21.4
- P/E, next 12 months
- 7.4
- Revenue growth, last fiscal year
- 175.3%
- Net margin, last fiscal year
- 56.4%
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