S

Sandisk

Develops non-volatile flash memory storage devices

Website

Overview

SanDisk designs and sells solid-state storage products based on flash memory, including memory cards such as SD and CompactFlash and USB flash drives. Its products store data in flash memory cells and use controllers and firmware to manage read/write operations, error correction, wear leveling, and data security, enabling portable, durable storage. By bringing flash memory to mainstream use and offering a wide range of formats along with large-scale manufacturing, it differentiates itself from rivals. Its goal is to provide reliable, high-volume flash storage that makes it easy to capture, store, and transfer large amounts of data in everyday devices.

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About Sandisk

Simplify's Rating
Why Sandisk is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

HardwareIndustrial & Manufacturing

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Milpitas, CA

Founded

1988

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What believers are saying

  • Fiscal 2026 revenue jumped 175% to $20.25 billion, with datacenter revenue up 437%.
  • Management signed five additional NBMs since April 2026, adding contracted revenue visibility.
  • November 2026 analyst targets still imply major upside after the post-split trading reset.

What critics are saying

  • Rivals Samsung, Micron, SK hynix, and YMTC are expanding NAND capacity aggressively.
  • Counterpoint cut Sandisk share to 11% in Q2 2026 from 13% last quarter.
  • If Kioxia talks fail after 2034, Sandisk loses its only flash manufacturing base.

What makes Sandisk unique

  • Flash Ventures with Kioxia secures supply through 2034 across eight Japanese fabs.
  • New Business Models lock multiyear pricing, covering roughly half fiscal 2027 bits.
  • Datacenter storage reached 38% of fiscal 2026 bits, shifting Sandisk beyond consumer cards.

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Hybrid Work Options
  • Remote Work Options
  • Flexible Work Hours
  • Phone/Internet Stipend
  • Home Office Stipend
  • Professional Development Budget
  • Conference Attendance Budget
  • Wellness Program
  • Mental Health Support
  • Stock Options
  • Company Equity
  • 401(k) Retirement Plan

Stock Price

Company News

Yahoo Finance
Nov 13th, 2026
Evercore keeps $2,500 Sandisk target despite 37% monthly slide

Evercore ISI has kept its Outperform rating and $2,500 price target on Sandisk, even after the stock lost about 37% in a month. The target implies roughly 167% upside from Thursday's $937.46 close, both figures before an eight-for-one split. Analyst Amit Daryanani says multiyear supply deals could protect profits if flash memory prices cool. Sandisk has contracted about half of its fiscal 2027 bit volume and 67% of fiscal 2028 volume. The deals include price floors and ceilings, purchase commitments, and nearly $16.5 billion in financial guarantees. In the latest quarter, data center revenue rose 61% from the prior quarter to $4.8 billion. Total revenue reached $11 billion, with an adjusted gross margin of 85.1%. Sandisk projects second-quarter sales of $12.2 billion to $12.6 billion. Split-adjusted trading begins November 20, putting the target at $312.50.

Yahoo Finance
Nov 13th, 2026
Sandisk stock tops $900 buy limit after 23% surge, so this investor is holding off

Sandisk shares have climbed about 23% since November 5 to roughly $990, above the $900 price that Motley Fool writer Daniel Sparks set as his limit for buying. His rule: pay no more than four years of earnings at the rate management guided for the current quarter. Sandisk guided adjusted earnings per share of $55 to $57 for its fiscal second quarter. The $56 midpoint annualises to about $224 a share, so the stock now trades at 4.4 times that figure. Sparks says each new outlook has risen by less than the one before: about 43% for the first quarter, then about 24% for the second. The stock is also still about 58% below its June record close of $2,335. An eight-for-one split takes effect on November 20. He would reconsider if the shares fall below $900 ($112 after the split) or if guidance rises.

Yahoo Finance
Nov 11th, 2026
Cramer backs Micron over Sandisk as revenue jumps 379% to $54B

Jim Cramer says he prefers Micron to SanDisk, arguing the memory chipmaker "is not going away." Speaking on CNBC on November 11, 2026, he said: "I'm not a SanDisk fan. I'm a Micron fan." Micron's fiscal fourth-quarter revenue rose 379.3% to $54.23 billion, with gross margin at 87.0%. The stock trades at about 11x trailing earnings and was at $819.29 on Wednesday, up 12.99%. Unlike SanDisk, which sells only NAND flash and storage, Micron also sells DRAM and high-bandwidth memory. It is co-designing a custom HBM4E product with NVIDIA and has signed 26 strategic customer agreements through 2030. SanDisk has gained 321.49% this year, against 187.28% for Micron. Risks for Micron include cyclical pricing and new supply arriving from 2027.

Yahoo Finance
Nov 11th, 2026
Micron and Sandisk jump 6% as CoreWeave's $3.66B revenue eases AI spending fears

Micron and Sandisk shares rose about 6% in premarket trading on Wednesday after CoreWeave posted strong third-quarter results. SK Hynix also advanced, as the report eased fears that the AI infrastructure boom is losing steam. The Nvidia-backed cloud provider reported revenue of $3.66 billion, up 168% year over year and ahead of the $3.54 billion Wall Street estimate. Its contracted revenue backlog rose to $132.5 billion. CoreWeave raised its full-year revenue forecast to $13 billion–$13.3 billion and expects capital spending of $37 billion–$39 billion. That matters for memory makers, as AI data centres need large amounts of high-bandwidth memory, DRAM, and enterprise storage. Debt remains a concern. It stands at about $46.9 billion, and quarterly interest expense climbed to $846 million.

Yahoo Finance
Nov 11th, 2026
Cisco, Meta and Sandisk: value stocks to watch in November 2026 as oil swings stoke inflation

Simply Wall St named three stocks that screen as undervalued on cash flow: Cisco Systems, Meta Platforms, and Sandisk. The screen comes as a new Federal Reserve study finds oil price swings now feed more strongly into core inflation, which puts a premium on dependable cash generation. Cisco has a market value of about $388.4 billion. It earns about $63.3 billion from computer networks, with software and subscriptions adding recurring cash flow. Meta's advertising business drives its cash, while its Reality Labs unit lost $19.19 billion in 2025 on $2.21 billion in revenue. A regulatory shift against its ad business is the key risk. Sandisk has a market cap of about $126.1 billion and reports $28.97 billion from storage solutions. It is betting on AI-driven demand for enterprise SSDs. The screen found 93 more companies.

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