Sandisk Past Earnings Performance
Past criteria checks 4/6
Sandisk has been growing earnings at an average annual rate of 57.2%, while the Tech industry saw earnings growing at 19.4% annually. Revenues have been growing at an average rate of 37.5% per year. Sandisk's return on equity is 72.7%, and it has net margins of 56.5%.
Key information
57.15%
Earnings growth rate
108.97%
EPS growth rate
| Tech Industry Growth | 14.32% |
| Revenue growth rate | 37.51% |
| Return on equity | 72.66% |
| Net Margin | 56.46% |
| Last Earnings Update | 03 Jul 2026 |
Recent past performance updates
Recent updates
Sandisk And The NAND Stabilization Test
Summary Sandisk Corporation's major upcoming test will be preserving and attempting to increase its earnings power as potentially NAND supply stabilizes and pricing becomes less favorable. Multi-year New Business Model agreements covering about half of projected fiscal 2027 bit shipments and roughly two-thirds of fiscal 2028 bits could reduce SNDK’s exposure to the NAND cycle. Growing enterprise SSD demand from AI inference, combined with Sandisk’s UltraQLC, BiCS9, BiCS10, and High Bandwidth Flash initiatives, could support a higher-value product mix and lower costs per bit. While acknowledging risks, I rate SNDK stock a cautious Buy, as the company has unique tools for this stage of the cycle, including increased exposure to AI inference. Read the full article on Seeking Alpha
SNDK: AI Long Term Contracts Will Support Structurally Higher Margins
Sandisk's updated analyst price target of $3,317.37, up from $3,169.00, reflects analysts' focus on the company's investor day framework. This framework points to structurally higher margins, a reset NAND pricing model, and multi year demand tied to AI and high bandwidth flash.
SNDK: AI Memory Contracts Will Support Structurally Higher Margins Despite Cyclicality Risk
Analysts have raised their Sandisk fair value estimate from about $1,773 to roughly $2,126. They point to updated models that reflect higher projected revenue growth, stronger profit margins, and a lower future P/E multiple under the company's new business framework.
SNDK: Cooling AI Memory Pricing Will Pressure Margins And Reset Expectations
SanDisk's updated analyst price target of $1,000 reflects a reset from prior four digit targets as analysts factor in moderating pricing, recent target revisions across firms, and a wider range of possible outcomes for margins and long term memory demand. Analyst Commentary Recent Street research on SanDisk shows a wide range of views, but with a clear tilt toward more conservative assumptions on pricing, margins, and growth.SNDK: Long-Term AI Memory Contracts And Tight Supply Will Support Upside
Analysts have trimmed their Sandisk fair value estimate from $3,250 to $3,169, reflecting updated assumptions that combine stronger projected revenue growth with more moderate profit margins and slightly adjusted price targets following recent research updates. Analyst Commentary Street research on Sandisk currently leans constructive, with many bullish analysts pointing to tight memory conditions, AI related demand and revised long term contracts as key supports for the stock's valuation framework.SNDK: AI Supply Deals And Tight Memory Support Further Upside Potential
SanDisk's analyst price target has been raised from $322.0 to $3,250.0 as analysts factor in a tight NAND supply backdrop, new long-term memory agreements with firmer pricing, and stronger assumed profit margins, despite moderating revenue growth expectations and a higher future P/E multiple. Analyst Commentary Recent Street research on SanDisk leans clearly positive, with a series of higher price targets and rating upgrades clustered around similar themes, including tight memory supply, firmer pricing and growing confidence in long-term demand for NAND and DRAM tied to AI and data center spending.SNDK: AI Memory Contracts Will Eventually Expose Extreme Margin And Pricing Risk
Analysts have raised the SanDisk fair value estimate from $264.95 to $1,772.91, reflecting higher Street price targets, expectations for tight NAND supply through 2027, stronger AI-driven memory demand, and a more robust margin profile supported by improved pricing. Analyst Commentary Recent Street research on SanDisk points to a cluster of higher price targets, with analysts leaning heavily on tighter memory supply conditions, AI-related demand for DRAM and NAND, and firmer pricing to support their valuation work.Sandisk (SNDK) Stock Could Be 577.8% Overvalued After Its Recent Run Up
Sandisk (SNDK) has recently drawn attention after its stock delivered a 58% return over the past month and a very large gain over the past 3 months, inviting closer inspection from investors. See our latest analysis for Sandisk. The latest share price of $2,182.45 comes after a 1 month share price return of 57.77% and a 7 day share price return of 15.99%, building on a very large year to date share price return of 692.93% and a very large 1 year total shareholder return. Together these...Analysts' Revenue Estimates For Sandisk Corporation (NASDAQ:SNDK) Are Surging Higher
Celebrations may be in order for Sandisk Corporation ( NASDAQ:SNDK ) shareholders, with the analysts delivering a...News Flash: Analysts Just Made A Dazzling Upgrade To Their Sandisk Corporation (NASDAQ:SNDK) Forecasts
Celebrations may be in order for Sandisk Corporation ( NASDAQ:SNDK ) shareholders, with the analysts delivering a...Analyst Forecasts For Sandisk Corporation (NASDAQ:SNDK) Are Surging Higher
Sandisk Corporation ( NASDAQ:SNDK ) shareholders will have a reason to smile today, with the analysts making...Investors Appear Satisfied With Sandisk Corporation's (NASDAQ:SNDK) Prospects As Shares Rocket 82%
Sandisk Corporation ( NASDAQ:SNDK ) shares have continued their recent momentum with a 82% gain in the last month...Sandisk Soars While Western Digital Stutters Post Spinoff
Summary Sandisk's split from Western Digital has led to divergent stock trajectories, with SNDK soaring and WDC tanking, validating Elliott Management's push for separation. Sandisk's innovative High Bandwidth Flash (HBF) technology could revolutionize NAND applications, offering significant capacity and bandwidth advantages over traditional HBM DRAM. Despite recent financial struggles, Sandisk projects strong revenue growth and positive free cash flow by FY 2025, with a bullish outlook from analysts like Morgan Stanley. The NAND market remains oversupplied, posing risks, but Sandisk's cutting-edge products and potential market shifts offer substantial upside for contrarian investors. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
How Sandisk makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 03 Jul 26 | 20,248 | 11,433 | 676 | 1,328 |
| 03 Apr 26 | 13,184 | 4,507 | 641 | 1,265 |
| 02 Jan 26 | 8,929 | -1,041 | 619 | 1,213 |
| 03 Oct 25 | 7,780 | -1,740 | 622 | 1,165 |
| 27 Jun 25 | 7,355 | -1,641 | 573 | 1,132 |
| 28 Mar 25 | 7,214 | -1,498 | 528 | 1,145 |
| 27 Dec 24 | 7,224 | 462 | 496 | 1,137 |
| 27 Sep 24 | 7,013 | 57 | 467 | 1,104 |
| 28 Jun 24 | 6,663 | -672 | 455 | 1,061 |
| 30 Jun 23 | 6,086 | -2,143 | 558 | 1,167 |
| 01 Jul 22 | 9,754 | 1,064 | 666 | 1,362 |
| 03 Apr 16 | 5,598 | 428 | 548 | 905 |
| 03 Jan 16 | 5,565 | 388 | 562 | 883 |
| 27 Sep 15 | 5,757 | 455 | 592 | 879 |
Quality Earnings: SNDK has high quality earnings.
Growing Profit Margin: SNDK became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SNDK's earnings have grown significantly by 57.2% per year over the past 5 years.
Accelerating Growth: SNDK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SNDK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (82.1%).
Return on Equity
High ROE: SNDK's Return on Equity (72.7%) is considered outstanding.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/15 21:44 |
| End of Day Share Price | 2026/09/15 00:00 |
| Earnings | 2026/07/03 |
| Annual Earnings | 2026/07/03 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sandisk Corporation is covered by 26 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Fontanelli | Arete Research Services LLP |
| Thomas O'Malley | Barclays |
| Mark Newman | Bernstein |