Sandisk (SNDK) stock
Information Technology · Technology Hardware, Storage & Peripherals
Sandisk (SNDK) is a Technology Hardware, Storage & Peripherals company in the Information Technology sector, headquartered in Milpitas, California. As of October 23, 2026, SNDK closed at $1,238.03, a market capitalization of $178.93 billion, the 68th largest company in the S&P 500. Over the last twelve months it generated $20.25 billion in revenue (+372% year over year) and $11.49 billion in free cash flow. The stock trades at 16.8x trailing earnings and 4.6x forward earnings.
- 1-year total return: +641.1% (dividends reinvested)
- 52-week range: $164.56 – $2,354.39
- Gross margin 71.5%, operating margin 78.5%
- FI Handbook report card: B+ across 9 metrics
- 25th largest of 75 Information Technology stocks in the S&P 500
SNDK price chart
1Y price change: +641.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| SNDK | -31.8% | +421.5% | +641.1% | — | — | — | +712.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2025.
SNDK key statistics
- Market cap
- $178.9B
- #68 in S&P 500
- P/E (TTM)
- 16.8x
- Forward P/E
- 4.6x
- EPS (TTM)
- $73.76
- Revenue (TTM)
- $20.2B
- +372%
- Free cash flow
- $11.5B
- Gross margin
- 71.5%
- Operating margin
- 78.5%
- Return on equity
- 91.6%
- Dividend yield
- None
- 52-week range
- $164.56 – $2,354
- Beta
- —
- Price / sales
- 8.8x
- EV / EBITDA
- 14.0x
- Debt / equity
- 0.01x
- Employees
- 11,100
SNDK report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth371.6%A
- Gross margin71.5%A
- Operating margin78.5%A
- FCF margin56.8%A
- Return on equity91.6%A
- Net debt / EBITDA-0.4xA
- Forward P/E4.6xA
- PEG ratio——
- Shareholder yield2.5%C
- Share count change / yr2.2%F
Sandisk financials
Revenue went from $6.1B in fiscal 2023 to $20.2B in fiscal 2026, growing 49.3% a year.
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | $6.1B | $6.7B | $7.4B | $20.2B |
| Gross profit | $430.0M | $1.1B | $2.2B | $14.5B |
| Operating income | -$2.0B | -$468.0M | -$1.4B | $12.4B |
| Net income | -$2.1B | -$672.0M | -$1.6B | $11.4B |
| EPS (diluted) | $-14.78 | $-4.63 | $-11.32 | $73.76 |
| Free cash flow | -$932.0M | -$475.0M | -$120.0M | $11.5B |
| Buybacks | — | $0 | $0 | $4.5B |
| Diluted shares | 145.0M | 145.0M | 145.0M | 155.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into SNDK?
A reverse DCF asks what growth the current price requires. With an enterprise value of $174.4B and $11.5B of trailing free cash flow, Sandisk needs to grow free cash flow about 3.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
SNDK analyst price targets
24 analysts' average 12-month target is $2,144 (+73% vs. $1,238). Targets range from $1,000 to $3,600. 84% rate it a buy.
SNDK earnings
Next report: October 29, 2026. Sandisk has beaten EPS estimates 6 quarters in a row. Last quarter's revenue was $9.0B (+372% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $34.52 | $39.25 | +13.7% |
| Apr 30, 2026 | $14.66 | $23.41 | +59.7% |
| Jan 29, 2026 | $3.54 | $6.20 | +75.0% |
| Nov 6, 2025 | $0.89 | $1.22 | +36.9% |
| Aug 14, 2025 | $0.03 | $0.29 | +771.1% |
| May 7, 2025 | $-0.39 | $-0.30 | +22.4% |
Stocks like SNDK
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|---|---|---|---|---|---|
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SNDK news
- Is the AI Storage Boom Over? Why SanDisk’s Oct. 29 Earnings Could Prove the Doubters Wrong · Oct 25, 2026
- Sandisk (SNDK) Flags Industry Supply Chain Constraints As Memory Production Timelines Tighten · Oct 25, 2026
- Sandisk's New Business Model Is Transforming the Business. Now Is the Time to Buy the Stock. · Oct 24, 2026
- Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner. · Oct 24, 2026
- Micron, Sandisk gain as SK Hynix scraps Solidigm IPO, LYNX says · Oct 23, 2026
SNDK stock FAQ
What is SNDK's market cap?
Sandisk's market capitalization is $178.93 billion as of October 23, 2026, ranking 68th in the S&P 500.
What is SNDK's P/E ratio?
SNDK trades at a trailing price-to-earnings ratio of 16.8x and a forward P/E of 4.6x. Its median P/E over the period we track is 20.2x.
Does SNDK pay a dividend?
No. Sandisk does not currently pay a regular cash dividend.
How much has SNDK stock returned?
Including reinvested dividends, SNDK returned +641.1% over one year through October 23, 2026.
Is SNDK stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Sandisk must grow free cash flow about 4% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the SNDK price target?
24 analysts cover SNDK with an average 12-month price target of $2,143.83, +73% from the current price. 84% of them rate it a buy.
When does SNDK report earnings?
Sandisk is expected to report earnings on October 29, 2026. It has beaten EPS estimates 6 quarters in a row.
How many employees does Sandisk have?
Sandisk has about 11,100 full-time employees, or $1.8 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology