Full-Time
Develops non-volatile flash memory storage devices
No salary listed
Bengaluru, Karnataka, India
In Person
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SanDisk designs solid-state storage products based on flash memory, a non-volatile technology that preserves data without power. Its offerings include memory cards (CompactFlash, SD) and USB flash drives, using controllers and firmware to manage read/write, error correction, and wear leveling for durable, portable storage. The company helped popularize flash memory for cameras and mobile devices and expanded production to meet growing demand. In 2016, Western Digital acquired SanDisk for about $19 billion, combining flash expertise with HDD leadership to provide a broader range of storage solutions.
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$19B
Headquarters
Milpitas, California
Founded
1988
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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
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Employee Discounts
Gym Membership
Commuter Benefits
Tuition Reimbursement
Tuition Reimbursement
Sandisk has been the S&P 500's top performer since President Trump's "Liberation Day" tariff announcement a year ago, surging 1,200%. The company spun off from Western Digital in February last year to focus on flash memory, benefiting from strong artificial intelligence demand. In its most recent quarter ending 2 January, Sandisk's revenue rose 61% year-over-year to $3 billion, whilst net income jumped from $104 million to $803 million. The company expects revenue could reach $4.8 billion in the current quarter. Despite the rally, Sandisk trades at less than 13 times forward earnings, well below the S&P 500 average of 20. Analysts remain optimistic due to ongoing memory and storage product shortages.
Sandisk Corp. shares surged 9.03% to $692.73 on Wednesday as investors positioned ahead of the company's third-quarter earnings announcement scheduled for 30 April. The flash memory manufacturer is expected to report revenues between $4.4 billion and $4.8 billion, representing growth of 159% to 182% from $1.7 billion in the same quarter last year. Non-GAAP diluted earnings per share are projected at $12 to $14, reversing a $0.30 loss per share from the prior year. Gross margin is forecast between 64.9% and 66.9%. Earlier this year, Sandisk partnered with SK hynix on High Bandwidth Flash, a next-generation memory solution designed for AI inference workloads, addressing the industry's shift from model training to delivering AI services.
Sandisk shares sold off following Google's introduction of TurboQuant, an AI compression technology that could significantly reduce memory requirements for AI models. The announcement prompted investors to reassess long-term demand assumptions for memory-related stocks. TurboQuant directly impacts Sandisk's core business of flash storage products serving data centres, PCs and mobile devices. The memory industry has been closely tied to AI infrastructure buildouts, where demand for fast, dense storage has been a key growth driver. Trading at $615.83, Sandisk's shares are approximately 20% below the analyst target of $770.32. The stock recorded a 30-day return of -3.07% following the news. Debate continues over whether more efficient compression might ultimately expand AI usage overall, potentially supporting memory volumes through increased model counts.
Micron Technology has been identified as a semiconductor stock to consider buying during the current memory supercycle. The company, one of three major DRAM producers alongside SK Hynix and Samsung, generates approximately 80% of revenue from DRAM and the remainder from NAND memory. Demand for high bandwidth memory has created supply constraints across the DRAM market, driving prices higher. Last quarter, Micron's revenue surged nearly threefold to $23.9 billion, whilst gross margins jumped to 74.4% from 36.8% year-over-year. The company projects margins will reach 81%. Despite strong performance, Micron trades at a forward P/E of four times fiscal 2027 estimates due to the memory market's historically cyclical nature. However, the company is securing longer contracts, including a five-year deal, providing greater revenue visibility.
Memory stocks fell Wednesday after Google unveiled TurboQuant, a compression algorithm that could reduce memory requirements for AI systems. SanDisk dropped 5.7%, Micron Technology fell 3%, Western Digital declined 4.7%, and Seagate Technology slid 4%, despite broader technology sector strength. TurboQuant compresses key-value cache in large language models to 3 bits without requiring training, whilst maintaining accuracy. Testing on open-source models including Gemma and Mistral showed a 6x reduction in memory size and up to 8x performance increase on H100 GPU accelerators. The technology uses PolarQuant compression and the Quantized Johnson-Lindenstrauss algorithm to eliminate errors. Google will present the findings at ICLR 2026 and AISTATS 2026. Memory stocks have rallied significantly year to date, making them vulnerable to demand-reducing developments.