Sandisk stock declines amid market conditions despite strong performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2025
0mins
Should l Buy SNDK?
Source: TipRanks
Sandisk Corp (SNDK) has seen its stock price drop by 5.47%, hitting a 5-day low, as the broader market experiences mixed movements with the Nasdaq-100 down slightly while the S&P 500 remains stable.
Despite Sandisk's impressive performance, including a 76% revenue increase last quarter and significant gross margin growth, the stock is facing downward pressure. This decline occurs amid a slight dip in the Nasdaq-100, indicating a potential sector rotation affecting Sandisk's stock despite its strong fundamentals and favorable market conditions for NAND flash products.
The implications of this price movement suggest that while Sandisk is well-positioned in the memory market, external market factors are influencing its stock performance. Investors may want to consider the broader market trends and sector dynamics when evaluating Sandisk's future potential.
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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.
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- Enhanced Profitability: Net income surged 617% from the previous quarter and 672% year-over-year, showcasing the company's remarkable profitability amid the rapid expansion of AI computing needs.
- Optimistic Future Outlook: Sandisk targets revenue between $4.4 billion and $4.8 billion for the current quarter, representing a growth of 47% to 60% over Q2, with adjusted earnings projected at $12 to $14 per share, highlighting strong growth potential ahead.
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- Stock Surge: Sandisk's stock has skyrocketed 1,475% since its public debut last February, with a 131% increase year-to-date, reflecting strong market demand and investor confidence, suggesting continued interest from investors.
- Significant Revenue Growth: In the most recent quarter, Sandisk's revenue jumped 61% year-over-year and 31% quarter-over-quarter, primarily driven by surging demand for data center solid-state drives, indicating a strong position in a rapidly growing market.
- Dramatic Profit Increase: Net income soared 672% year-over-year and 617% quarter-over-quarter, showcasing the company's success in cost management and market demand, further solidifying its leadership in the storage industry.
- Optimistic Future Outlook: Sandisk targets revenue of $4.4 billion to $4.8 billion for the upcoming quarter, representing a growth of 47% to 60%, with adjusted earnings projected at $12 to $14 per share, highlighting the company's robust profitability and market potential.
See More
Sandisk's Rise in the AI Market
- Surge in Demand: Since the commercial launch of ChatGPT in November 2022, Nvidia's stock has skyrocketed over 1,000%, creating unprecedented demand for high-bandwidth memory chips, with Sandisk's solid-state drives and NAND flash memory solutions perfectly positioned to meet this need, highlighting its significance in the AI market.
- Massive Market Potential: The total addressable market (TAM) for high-bandwidth memory was estimated at $35 billion last year, with Micron projecting a 40% compound annual growth rate, potentially reaching $100 billion by 2028, indicating Sandisk's revenue of only $9 billion represents just a fraction of its growth potential in this rapidly expanding market.
- Technological Evolution Opportunity: Sandisk is undergoing a transformation similar to Nvidia's, as its enterprise solid-state drives and NAND flash memory services become integral components of hyperscaler data center architectures, demonstrating the company's ability to capitalize on the opportunities presented by AI infrastructure development.
- Positive Investment Trends: With the
See More
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- Massive Market Potential: Sandisk generated only $9 billion in revenue last year, while the total addressable market (TAM) for high-bandwidth memory (HBM) is estimated at $35 billion, expected to grow at a 40% CAGR to $100 billion by 2028, indicating significant growth potential for Sandisk in the rapidly expanding AI memory market.
- Industry Transformation: Sandisk is pivoting from traditional flash drives to become a key component of AI data centers, with its enterprise solid-state drives (SSDs) and NAND flash services becoming integral to hyperscaler data center stacks, mirroring Nvidia's early development in the AI space.
- Surge in Capital Expenditures: This year, the
See More
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- Independent Listing Performance: Sandisk's stock has skyrocketed over 1500% since its spin-off from Western Digital, reflecting strong market confidence in its growth potential, particularly amid surging demand for AI infrastructure.
- Market Demand Analysis: As data and AI workloads rapidly expand, the demand for high-bandwidth memory and storage solutions has surged, positioning Sandisk as a key supplier of NAND flash and solid-state drives, likely enhancing its market share further.
- Optimistic Earnings Outlook: Analysts project Sandisk's earnings per share to reach $39.45 in 2026 and $76.34 in 2027, and despite its stock price nearing $600, it trades at a modest forward P/E ratio of 15, indicating attractive valuation that may draw more investors.
- Future Growth Potential: Should Sandisk's valuation align with other AI chip leaders, its stock could reasonably exceed $1,000 by year-end; while calling it the
See More
Sandisk Stock Soars 1,475%: Key Drivers and Future Outlook
- Stock Surge: Sandisk's stock skyrocketed 1,475% since its IPO in 2025, with a year-to-date increase of 131% as of February 10, 2026, reflecting strong market performance and investor confidence.
- Significant Revenue Growth: In the most recent quarter, Sandisk's revenue jumped 31% quarter-over-quarter and 61% year-over-year, with data center revenue alone increasing by 64%, indicating robust demand for its solid-state drives.
- Enhanced Profitability: Net income surged 617% from the previous quarter and 672% year-over-year, showcasing the company's remarkable profitability amid the rapid expansion of AI computing needs.
- Optimistic Future Outlook: Sandisk targets revenue between $4.4 billion and $4.8 billion for the current quarter, representing a growth of 47% to 60% over Q2, with adjusted earnings projected at $12 to $14 per share, highlighting strong growth potential ahead.
See More
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- AI Disrupts Traditional Software: The rise of Anthropic poses significant challenges to traditional software companies like Workday and Salesforce, particularly in the application of AI technology, threatening their market share and customer loyalty.
- Surge in Capital Expenditures: Tech giants like Amazon and Google have significantly raised their capital expenditure outlooks, with Amazon projecting spending to reach $200 billion, far exceeding the $147 billion consensus, which could impact stock performance and investor confidence.
- Intensified Market Competition: The rapid advancement of AI technology raises questions about the value of enterprise software, leading investors to adopt a pessimistic view on the future of traditional software companies, especially in labor-intensive areas that may face workforce reductions due to AI adoption.
- Investor Confidence Shaken: Despite significant advancements by companies like Anthropic and OpenAI in the AI space, market confidence in traditional software companies is waning, resulting in poor stock performance over the past six months and raising concerns about future profitability.
See More
