Latest update
$1,411
Updated: Jul 16, 2026, 8:46 PM UTC
Browsing public data
SanDisk Corporation, a prominent player in data storage solutions leveraging NAND flash technology, demonstrates robust financial health with strong revenue and Free Cash Flow growth, high profitability, and sensible debt management. Despite recent negative price action, the underlying business quality remains high.
Revenue
The total dollars the company billed customers. When this number grows quarter after quarter, the business is finding more demand.
Latest
↑$6B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↑+96.7%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
↑+251.0%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Net income
What's left from revenue after paying every cost — employees, materials, taxes, interest. Sometimes called profit or 'the bottom line.'
Latest
↑$3.6B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↑+350.2%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
•—
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Free cash flow
The cash actually left in the bank after the company has paid for everything and reinvested in itself. Harder to fake than net income.
Latest
↑$3B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↑+205.4%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
•—
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
| Metric | 3 yr | 2 yr | 1 yr |
|---|---|---|---|
| Revenue | — | — | +251.3% $1.7B→$6B |
| Net income | — | — | — |
| Free cash flow | — | — | +23925.4% $49M→$3B |
P/E TTM
↑48.3×
Trailing twelve months. Today's price divided by the last year of actual earnings.
P/E NTM
↑6.6×
Next twelve months. Today's price divided by what analysts expect the company to earn over the coming year.
Profitability
↑Strong
Operating margin (and the wider return profile) tells you how efficiently each dollar of sales becomes profit. High and rising = pricing power; low or falling = the business is grinding.
Share count
→Stable
Are the buybacks outrunning the stock-based comp? A shrinking share count means every existing share owns a bigger slice of future earnings.
Debt load
↑Light
Total debt against cash and earnings power (EBITDA). Light debt leaves room to invest and weather downturns; heavy debt shrinks the margin for error.
Debt service
↑Strong
Whether the cash the business generates easily covers its interest and loan payments. Strong here = no forced selling in a bad year.
Cash return at today's price
↓1.1%
Free cash flow divided by market cap — the cash yield you're getting for the price you pay. Above ~6% is rich, below ~3% is thin. P/E shown when the yield is too small to be useful.
Despite exceptionally strong fundamentals and a broader positive cycle, the stock is currently undergoing a sharp short-term correction. The significant drop below the daily moving average, coupled with expanding volume, points to near-term technical weakness. While the long-term outlook is bullish, entering now carries elevated tactical risk due to ongoing selling pressure and impending earnings. Waiting for the price to stabilize or show signs of reversal from this short-term dip is a more prudent approach.
Short-term thesis
SanDisk Corporation represents a compelling investment in the rapidly expanding data storage market. Its strong financial performance, underpinned by massive revenue growth and superb profitability, confirms its leadership in NAND flash technology. The company's robust balance sheet and attractive forward valuation further solidify its position as a high-quality asset, despite recent short-term price volatility. The ongoing digitization of the global economy creates a persistent, high-growth environment for SanDisk's essential products.
Long-term exposure
Own
The business backdrop is strong enough for long-term exposure.
Entry window
Wait
SanDisk has experienced a significant price drop recently, falling over 21% below its daily average, showing weakness in the very short term. However, it remains above its longer-term weekly average, suggesting that the broader uptrend is still intact. Volume has expanded during this recent decline, which often indicates strong selling pressure. Given the setup, it's prudent to wait for signs of stabilization or a clear rebound from the current shorter-term weakness before considering a move.
Risk check
Watch
Risk is manageable, but position size and timing still matter.
Alignment
Aligned
The weekly setup and the long-term case are pulling together.
What supports it
What limits it
Long-term thesis
The explosion of data across all sectors – from mobile and enterprise to AI and IoT – creates an insatiable demand for high-performance, dense, and energy-efficient data storage solutions. NAND flash technology is at the heart of this transformation, acting as a foundational component for modern computing infrastructure.
Bottleneck Role
SanDisk plays a critical role in addressing the bottleneck of efficient data storage. As data volumes grow exponentially, the ability to store, access, and process this information quickly and reliably becomes paramount. SanDisk's advanced NAND flash solutions provide the necessary speed, density, and form factors to overcome traditional storage limitations, making them an enabler for next-generation technologies like AI and advanced cloud computing.
Consensus Blind Spot
The consensus might underestimate the sustained, non-cyclical nature of demand for high-performance storage driven by AI and IoT. Many still view NAND as a cyclical commodity, whereas the increasing specialization and performance requirements for these new workloads suggest a more resilient and growing demand profile. Also, the forward P/E suggests a potential underestimation of continued exceptional earnings growth.
Demand Gap
The current demand for high-performance, energy-efficient NAND flash products is outpacing the pace of innovation and capacity expansion. AI, in particular, requires massive, ultra-fast data access, creating a persistent gap that SanDisk is well-positioned to fill with its specialized SSDs and embedded solutions.
Demand to Equity Scenarios
Global economic slowdown leading to reduced consumer electronics and enterprise IT spending, coupled with oversupply in the broader memory market.
Demand
-15%
Earnings
-30%
Equity implication
-40%
Lower average selling prices and reduced unit volumes for SanDisk's products, leading to revenue contraction and margin pressure.
Continued strong growth in cloud infrastructure, mobile devices, and steady adoption of AI/IoT, slightly offset by supply ramping up.
Demand
+10%
Earnings
+15%
Equity implication
+25%
Stable to improving average selling prices and consistent volume growth, translating to solid revenue and earnings expansion for SanDisk.
Massive acceleration in AI and IoT adoption, significantly outstripping industry capacity expansion, leading to sustained high pricing power and rapid market share gains for SanDisk.
Demand
+25%
Earnings
+50%
Equity implication
+75%
Substantial increase in both unit volumes and average selling prices, leading to explosive revenue and profit growth far exceeding current analyst expectations.
Dependency Chain
Repricing Triggers
Must be true
Thesis broken if
Jul 16, 2026
LatestUpdated Jul 16, 2026, 8:46 PM UTC
Price at review
$1,411
SanDisk has experienced a significant price drop recently, falling over 21% below its daily average, showing weakness in the very short term. However, it remains above its longer-term weekly average, suggesting that the broader uptrend is still intact. Volume has expanded during this recent decline, which often indicates strong selling pressure. Given the setup, it's prudent to wait for signs of stabilization or a clear rebound from the current shorter-term weakness before considering a move.