Sandisk Corporation
- Open
- 1486.20
- Day high
- 1572.26
- Day low
- 1449.50
- Prev close
- 1484.98
- Volume
- 22.6M
- Mkt cap
- $229.4B
- P/E (TTM)
- 20.1
- EPS (TTM)
- $77.78
- P/B
- 14.6
- P/S
- 11.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$3.0M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Sandisk Corporation (SNDK) is a Technology company listed on NASDAQ. The stock is up 2835% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4). Drillr has 1 published research article covering SNDK.
Sandisk Corporation (SNDK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 12 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SNDK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $34.96 | $39.25 | +12.3% | $9.0B | +9.0% |
| Apr 30, 2026 | $14.62 | $23.41 | +60.1% | $6.0B | +29.7% |
| Jan 29, 2026 | $3.62 | $6.20 | +71.3% | $3.0B | +12.6% |
| Nov 6, 2025 | $0.88 | $1.22 | +38.2% | $2.3B | +7.2% |
| Aug 14, 2025 | $0.05 | $0.29 | +522.2% | $1.9B | +4.2% |
| May 7, 2025 | $-0.39 | $-0.30 | +23.1% | $1.7B | -6.5% |
| Mar 7, 2025 | $1.22 | $0.72 | -40.8% | $1.9B | +0.0% |
| Sep 29, 2024 | — | $1.47 | — | $1.9B | — |
| Jun 30, 2024 | — | $0.83 | — | $1.8B | — |
| Mar 31, 2024 | — | $0.19 | — | $1.7B | — |
| Dec 31, 2023 | — | $-1.43 | — | $1.7B | — |
| May 2, 2016 | — | $0.37 | — | $1.4B | — |
SNDK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | Shek Bernardofficer: Chief Legal Officer & Secty | Tax | 212 | $1480.77 |
| Aug 27, 2026 | Goeckeler Daviddirector, officer: Chairman and CEO | Tax | 49,782 | $1480.77 |
| Aug 27, 2026 | Ilkbahar Alperofficer: EVP, Chief Technology Officer | Tax | 654 | $1480.77 |
| Aug 24, 2026 | Shek Bernardofficer: Chief Legal Officer & Secty | Tax | 108 | $1596.08 |
| Aug 24, 2026 | Ilkbahar Alperofficer: EVP, Chief Technology Officer | Tax | 276 | $1600.62 |
| Aug 24, 2026 | Ilkbahar Alperofficer: EVP, Chief Technology Officer | Tax | 320 | $1596.08 |
| Aug 24, 2026 | Visoso Luis Felipeofficer: EVP & CFO | Tax | 1,589 | $1596.08 |
| Aug 24, 2026 | Goeckeler Daviddirector, officer: Chairman and CEO | Tax | 1,300 | $1600.62 |
| Aug 24, 2026 | Ilkbahar Alperofficer: EVP, Chief Technology Officer | Option | 276 | — |
| Aug 24, 2026 | Goeckeler Daviddirector, officer: Chairman and CEO | Tax | 1,033 | $1596.08 |
| Aug 24, 2026 | Shek Bernardofficer: Chief Legal Officer & Secty | Tax | 111 | $1600.62 |
| Aug 24, 2026 | Ilkbahar Alperofficer: EVP, Chief Technology Officer | Tax | 163 | $1600.62 |
| Aug 24, 2026 | Visoso Luis Felipeofficer: EVP & CFO | Tax | 25,655 | $1600.62 |
| Aug 4, 2026 | Shek Bernardofficer: Chief Legal Officer & Secty | Sell | 600 | $1162.16 |
| Jul 2, 2026 | Shek Bernardofficer: Chief Legal Officer & Secty | Sell | 600 | $2088.00 |
Source: SNDK SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full SNDK insider & 13F page →Sandisk Corporation company profile
Overview
SanDisk Corporation (NASDAQ:SNDK) was founded on June 1, 1988, and has been a pioneer in flash memory storage technology for over three decades. Headquartered in Milpitas, California, the company went public in November 1995 and has established itself as a leading developer and manufacturer of storage devices based on NAND flash memory technology. SanDisk has played a crucial role in the evolution of digital storage, from early flash memory cards to modern solid-state drives that power everything from smartphones to enterprise data centers.
Business
SanDisk operates in the semiconductor storage industry, specifically focusing on NAND flash memory technology. NAND flash is a type of non-volatile storage that retains data even when power is removed, making it ideal for portable devices and applications where data persistence is critical. Unlike traditional hard disk drives that use spinning magnetic disks, NAND flash memory stores data in silicon chips with no moving parts, resulting in faster access times, lower power consumption, and greater durability. The company's product portfolio spans several key categories. Solid State Drives (SSDs) represent a major product line, serving as high-performance storage solutions for computers, servers, and enterprise applications. These drives replace traditional hard drives with flash memory, dramatically improving system responsiveness and reliability. Embedded products include storage solutions integrated directly into smartphones, tablets, automotive systems, and Internet of Things devices, where space constraints and reliability are paramount. SanDisk also manufactures removable storage cards such as SD cards, microSD cards, and CompactFlash cards used in cameras, mobile devices, and other consumer electronics. Their USB flash drives provide portable storage for consumers and professionals. Additionally, the company produces wafers and components that serve as building blocks for other manufacturers to create their own storage products, representing a business-to-business component of their operations.
Revenue model
SanDisk generates revenue primarily through product sales across multiple market segments. The company sells directly to original equipment manufacturers (OEMs) who integrate SanDisk's storage solutions into their devices, such as smartphone manufacturers, computer makers, and automotive companies. They also sell through retail channels to end consumers who purchase memory cards, USB drives, and SSDs for personal use. The company's business model benefits from several factors that can expand margins. Technological advancement and manufacturing scale economies allow SanDisk to reduce production costs per gigabyte over time, while increasing storage capacities command premium pricing. The growing demand for data storage driven by cloud computing, mobile devices, and digital content creation provides sustained market expansion. However, several factors can pressure margins. The NAND flash memory industry is highly cyclical, with periods of oversupply leading to price erosion. Competition from other major semiconductor manufacturers, particularly those with integrated manufacturing capabilities, can intensify pricing pressure. Additionally, the industry requires continuous capital investment in research and development and manufacturing facilities to stay competitive, which can impact profitability during market downturns.
Competitive moat
SanDisk's competitive moat is moderately strong but faces ongoing challenges in a highly competitive industry. The company's primary advantages include its extensive intellectual property portfolio in NAND flash technology, accumulated over decades of innovation. Their established relationships with major OEM customers provide some stability and switching costs, as storage solutions often require extensive qualification processes and integration work. The company benefits from manufacturing expertise and economies of scale in NAND flash production, though this advantage is not unique in an industry dominated by large semiconductor manufacturers. SanDisk's brand recognition in consumer markets, particularly for memory cards and USB drives, provides some pricing power and distribution advantages. However, the moat faces significant threats from larger, more vertically integrated competitors like Samsung, SK Hynix, and Micron Technology, who control both NAND flash manufacturing and have deeper financial resources. The commoditization of storage products and the cyclical nature of the semiconductor industry limit pricing power. Additionally, the rapid pace of technological change requires continuous investment to maintain competitive position, and smaller players can be disadvantaged during industry consolidation phases.
Risks & safety
Based on the most recent financial data, SanDisk faces significant financial challenges that raise solvency concerns: • Cash burn and liquidity: The company reported negative free cash flow of $767 million in Q1 2025, indicating substantial cash consumption. With $1.5 billion in cash and short-term investments against current liabilities of $1.4 billion, the current ratio of 3.7 provides some near-term cushion. • Profitability crisis: Net income of negative $1.8 billion and EBITDA of negative $1.9 billion suggest severe operational challenges. The company is burning cash at an unsustainable rate. • Debt levels: Debt-to-equity ratio of 0.21 appears manageable, but given the negative equity situation, this metric may not fully capture financial stress. • Valuation metrics: Negative P/E ratio of -0.92 and negative EV/EBITDA reflect the company's current losses. Price-to-book ratio of 0.78 suggests the stock trades below book value. • Other considerations: The semiconductor industry's cyclical nature may explain current losses, but the magnitude raises questions about the company's ability to weather extended downturns.
Recent development
Due to the absence of recent earnings call transcripts in the provided data, specific strategic developments and management commentary cannot be detailed. However, the financial results suggest the company is navigating a challenging period in the semiconductor cycle, with significant losses indicating either market downturn impacts, restructuring activities, or competitive pressures affecting operations. The substantial negative cash flows and losses may indicate the company is investing heavily in new technology development, facing pricing pressure in core markets, or dealing with operational restructuring. Without management commentary, it's unclear whether these represent temporary cyclical challenges or more fundamental business model issues.
SNDK company profile · for informational purposes only — not investment advice.
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