SanDisk Stock Surges Amid Memory Shortage Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
0mins
Should l Buy SNDK?
Source: NASDAQ.COM
SanDisk's stock has surged by 6.66%, reaching a 5-day high, amidst a tightening supply-demand dynamic for NAND memory. The surge is attributed to expectations for earnings and margins to reach cycle highs, reflecting strong market demand for memory chips. Analysts predict significant undersupply of DRAM and NAND memory in the coming years, which will drive price increases and enhance margins for major memory producers.
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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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- 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.
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See More
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- 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
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- 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.
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- 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
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- 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.
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- 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.
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