Professional
Added to YB: 2026-09-02
Pitch date: 2026-08-28
SNDK [neutral]
Sandisk Corporation
+3.4%
current return
Author Info
Company Info
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.
Market Cap
$217.4B
Pitch Price
$1.5K
Price Target
1.7K (+9%)
Dividend
N/A
EV/EBITDA
16.67
P/E
20.13
EV/Sales
10.43
Sector
Technology Hardware, Storage and Peripherals
Category
value
Making sense of Sandisk’s long-term financial model
SNDK (update): Sandisk’s FY28-FY30 model should be de-emphasized: its ~80% gross-margin assumption appears to require ASPs to fall toward New Business Model floors, making results likely either better in a NAND deficit or materially worse in oversupply. The $94B of contracted revenue may not protect against a severe downcycle; modeled trough value is $1,200-$1,700 versus $1,485 today, although incremental AI demand makes oversupply within 2-3 years appear unlikely.
Read full article (5 min)