Sandisk Stock Soars 166% in 2026 Amid Flash Memory Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy SNDK?
Source: Fool
- Significant Revenue Growth: Sandisk reported a 61% year-over-year revenue increase in Q2 of fiscal 2026, reaching over $3 billion, highlighting strong demand for its flash memory solutions and reinforcing its market position.
- Profitability Surge: The company's earnings skyrocketed over fivefold in the same quarter, driven by a severe supply-demand imbalance in the NAND flash industry, leading to soaring prices and enhancing its profit outlook.
- Price Increase Expectations: With enterprise-focused 3D NAND solid-state drives set to double in price this quarter and the 2026 NAND flash manufacturing capacity reportedly sold out, further price increases are anticipated, boosting investor confidence.
- Optimistic Future Outlook: Analysts project Sandisk's earnings per share to jump from $2.99 to $39.45 in fiscal 2026, indicating strong growth potential in the upcoming fiscal year, attracting more investor interest.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 630.290
Low
220.00
Averages
283.69
High
410.00
Current: 630.290
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sandisk's Future Growth Potential as Flash Storage Leader
- Stock Surge: Since its spin-off from Western Digital, Sandisk's shares have skyrocketed by 1,400%, reflecting strong market demand for its flash storage solutions and investor confidence in its future performance.
- Significant Revenue Growth: In Q2 of fiscal 2026, Sandisk's revenue from the edge devices market reached nearly $1.7 billion, a 63% year-over-year increase, primarily driven by the proliferation of AI in PCs and smartphones, with strong growth expected over the next three years.
- Surging Data Center Demand: Sandisk's data center revenue increased by 76% year-over-year to $440 million, and as demand for fast flash storage solutions rises, this segment is expected to have a more substantial impact on the company's performance in the coming three years.
- Massive Earnings Potential: Sandisk's earnings per share are projected to increase by 1,220% this fiscal year to $39.45, and assuming a conservative 25% growth in fiscal 2028, EPS could exceed $95, with a potential stock price of $2,375 based on Nasdaq-100's earnings multiple, indicating significant upside potential.
See More
Sandisk Stock Soars 166% in 2026 Amid Flash Memory Demand
- Significant Revenue Growth: Sandisk reported a 61% year-over-year revenue increase in Q2 of fiscal 2026, reaching over $3 billion, highlighting strong demand for its flash memory solutions and reinforcing its market position.
- Profitability Surge: The company's earnings skyrocketed over fivefold in the same quarter, driven by a severe supply-demand imbalance in the NAND flash industry, leading to soaring prices and enhancing its profit outlook.
- Price Increase Expectations: With enterprise-focused 3D NAND solid-state drives set to double in price this quarter and the 2026 NAND flash manufacturing capacity reportedly sold out, further price increases are anticipated, boosting investor confidence.
- Optimistic Future Outlook: Analysts project Sandisk's earnings per share to jump from $2.99 to $39.45 in fiscal 2026, indicating strong growth potential in the upcoming fiscal year, attracting more investor interest.
See More
Sandisk's Stock Soars 166% in 2026 Driven by Earnings Growth
- Significant Revenue Growth: Sandisk's revenue surged by 61% year-over-year in Q2 2026, exceeding $3 billion, driven by robust demand for its flash memory storage solutions, highlighting the company's strong competitive position in the market.
- Enhanced Profitability: The company reported earnings of $7.55 per share in the first half of 2026, with expectations of an additional $31.90 per share in the second half, indicating a substantial improvement in profitability that will further solidify its market standing.
- Price Impact from Supply Shortage: Due to a severe supply shortage in the NAND flash industry, Sandisk plans to double the price of its enterprise-focused 3D NAND solid-state drives this quarter, reflecting the strong demand for storage capacity in the market.
- Attractive Valuation: Sandisk is currently trading at a forward P/E ratio of 15, significantly lower than the Nasdaq-100's 24.7, with a projected stock price increase of 158%, underscoring its investment value in the rapidly growing tech sector.
See More
Sandisk Surpasses Micron with 1220% Stock Surge
- Stock Performance: Micron Technology's shares have surged by 222% over the past six months, reflecting strong market demand, particularly driven by AI applications in the memory sector.
- Sandisk's Rapid Growth: In the same timeframe, Sandisk's stock skyrocketed by 1220%, with its earnings growth significantly outpacing Micron, indicating robust demand for flash storage.
- Earnings Comparison: Micron reported a 167% year-over-year increase in non-GAAP earnings for Q1 FY2026, while Sandisk's adjusted earnings soared by 404% in Q2, with analysts forecasting a 13-fold increase for Sandisk this fiscal year.
- Market Outlook: With NAND flash prices rising much faster than DRAM, Sandisk is poised for greater earnings growth, and the ongoing SSD shortage is expected to last into next year, further solidifying its market position.
See More
Micron Technology Stock Soars 222% Amid Memory Market Boom
- Stock Performance: Micron Technology's stock has surged by 222% over the past six months, reflecting strong investor confidence in its position within the supply-constrained memory market, particularly due to skyrocketing demand for compute and storage chips supporting AI applications.
- Earnings Growth Comparison: In the first quarter of fiscal 2026, Micron reported a 167% year-over-year increase in non-GAAP adjusted earnings, while Sandisk's adjusted earnings skyrocketed by 404% during the same period, highlighting Sandisk's significant advantage in earnings growth.
- Market Share and Product Differentiation: Micron primarily manufactures dynamic random-access memory (DRAM) chips, with nearly 80% of its revenue derived from this segment, whereas Sandisk focuses on non-volatile flash storage chips, benefiting from rapidly rising NAND flash prices, which are expected to sustain strong earnings growth.
- Future Outlook: With the SSD shortage anticipated to continue into next year, Sandisk's earnings growth prospects remain optimistic; while Micron also offers potential returns, Sandisk is currently viewed as the more valuable investment choice.
See More
Sandisk Stock Soars 1400% Post Spin-Off from Western Digital
- Stellar Stock Performance: Since its spin-off from Western Digital in February last year, Sandisk's stock has skyrocketed by 1400%, indicating strong growth potential in the flash storage market and attracting significant investor interest.
- Significant Revenue Growth: In Q2 of fiscal 2026, Sandisk reported nearly $1.7 billion in revenue, a 63% year-over-year increase, with 55% of this revenue coming from the edge devices market, highlighting robust demand in smartphones and PCs.
- Surge in Data Center Demand: Sandisk's data center revenue surged 76% year-over-year to $440 million in the previous quarter, with expectations of additional revenue from new customers in the coming quarters, driving overall performance positively.
- Optimistic Earnings Projections: Analysts anticipate a staggering 1220% increase in Sandisk's earnings per share to $39.45 this fiscal year, with potential to exceed $95 in three years, underscoring its potential as a multibagger stock.
See More
Sandisk's Future Growth Potential as Flash Storage Leader
- Stock Surge: Since its spin-off from Western Digital, Sandisk's shares have skyrocketed by 1,400%, reflecting strong market demand for its flash storage solutions and investor confidence in its future performance.
- Significant Revenue Growth: In Q2 of fiscal 2026, Sandisk's revenue from the edge devices market reached nearly $1.7 billion, a 63% year-over-year increase, primarily driven by the proliferation of AI in PCs and smartphones, with strong growth expected over the next three years.
- Surging Data Center Demand: Sandisk's data center revenue increased by 76% year-over-year to $440 million, and as demand for fast flash storage solutions rises, this segment is expected to have a more substantial impact on the company's performance in the coming three years.
- Massive Earnings Potential: Sandisk's earnings per share are projected to increase by 1,220% this fiscal year to $39.45, and assuming a conservative 25% growth in fiscal 2028, EPS could exceed $95, with a potential stock price of $2,375 based on Nasdaq-100's earnings multiple, indicating significant upside potential.
See More
Sandisk Stock Soars 166% in 2026 Amid Flash Memory Demand
- Significant Revenue Growth: Sandisk reported a 61% year-over-year revenue increase in Q2 of fiscal 2026, reaching over $3 billion, highlighting strong demand for its flash memory solutions and reinforcing its market position.
- Profitability Surge: The company's earnings skyrocketed over fivefold in the same quarter, driven by a severe supply-demand imbalance in the NAND flash industry, leading to soaring prices and enhancing its profit outlook.
- Price Increase Expectations: With enterprise-focused 3D NAND solid-state drives set to double in price this quarter and the 2026 NAND flash manufacturing capacity reportedly sold out, further price increases are anticipated, boosting investor confidence.
- Optimistic Future Outlook: Analysts project Sandisk's earnings per share to jump from $2.99 to $39.45 in fiscal 2026, indicating strong growth potential in the upcoming fiscal year, attracting more investor interest.
See More
Sandisk's Stock Soars 166% in 2026 Driven by Earnings Growth
- Significant Revenue Growth: Sandisk's revenue surged by 61% year-over-year in Q2 2026, exceeding $3 billion, driven by robust demand for its flash memory storage solutions, highlighting the company's strong competitive position in the market.
- Enhanced Profitability: The company reported earnings of $7.55 per share in the first half of 2026, with expectations of an additional $31.90 per share in the second half, indicating a substantial improvement in profitability that will further solidify its market standing.
- Price Impact from Supply Shortage: Due to a severe supply shortage in the NAND flash industry, Sandisk plans to double the price of its enterprise-focused 3D NAND solid-state drives this quarter, reflecting the strong demand for storage capacity in the market.
- Attractive Valuation: Sandisk is currently trading at a forward P/E ratio of 15, significantly lower than the Nasdaq-100's 24.7, with a projected stock price increase of 158%, underscoring its investment value in the rapidly growing tech sector.
See More
Sandisk Surpasses Micron with 1220% Stock Surge
- Stock Performance: Micron Technology's shares have surged by 222% over the past six months, reflecting strong market demand, particularly driven by AI applications in the memory sector.
- Sandisk's Rapid Growth: In the same timeframe, Sandisk's stock skyrocketed by 1220%, with its earnings growth significantly outpacing Micron, indicating robust demand for flash storage.
- Earnings Comparison: Micron reported a 167% year-over-year increase in non-GAAP earnings for Q1 FY2026, while Sandisk's adjusted earnings soared by 404% in Q2, with analysts forecasting a 13-fold increase for Sandisk this fiscal year.
- Market Outlook: With NAND flash prices rising much faster than DRAM, Sandisk is poised for greater earnings growth, and the ongoing SSD shortage is expected to last into next year, further solidifying its market position.
See More
Micron Technology Stock Soars 222% Amid Memory Market Boom
- Stock Performance: Micron Technology's stock has surged by 222% over the past six months, reflecting strong investor confidence in its position within the supply-constrained memory market, particularly due to skyrocketing demand for compute and storage chips supporting AI applications.
- Earnings Growth Comparison: In the first quarter of fiscal 2026, Micron reported a 167% year-over-year increase in non-GAAP adjusted earnings, while Sandisk's adjusted earnings skyrocketed by 404% during the same period, highlighting Sandisk's significant advantage in earnings growth.
- Market Share and Product Differentiation: Micron primarily manufactures dynamic random-access memory (DRAM) chips, with nearly 80% of its revenue derived from this segment, whereas Sandisk focuses on non-volatile flash storage chips, benefiting from rapidly rising NAND flash prices, which are expected to sustain strong earnings growth.
- Future Outlook: With the SSD shortage anticipated to continue into next year, Sandisk's earnings growth prospects remain optimistic; while Micron also offers potential returns, Sandisk is currently viewed as the more valuable investment choice.
See More
Sandisk Stock Soars 1400% Post Spin-Off from Western Digital
- Stellar Stock Performance: Since its spin-off from Western Digital in February last year, Sandisk's stock has skyrocketed by 1400%, indicating strong growth potential in the flash storage market and attracting significant investor interest.
- Significant Revenue Growth: In Q2 of fiscal 2026, Sandisk reported nearly $1.7 billion in revenue, a 63% year-over-year increase, with 55% of this revenue coming from the edge devices market, highlighting robust demand in smartphones and PCs.
- Surge in Data Center Demand: Sandisk's data center revenue surged 76% year-over-year to $440 million in the previous quarter, with expectations of additional revenue from new customers in the coming quarters, driving overall performance positively.
- Optimistic Earnings Projections: Analysts anticipate a staggering 1220% increase in Sandisk's earnings per share to $39.45 this fiscal year, with potential to exceed $95 in three years, underscoring its potential as a multibagger stock.
See More
