Sandisk Poised for Significant Earnings Growth Over Next Two Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: NASDAQ.COM
- Stock Surge: Sandisk's stock has skyrocketed over 5 times in 2026, making it one of the top performers in the market, reflecting strong investor confidence and demand, with expectations for significant upside potential in the future.
- Strong Earnings Outlook: Analyst Bernstein projects Sandisk's stock could reach $3,000, based on expectations of substantial earnings growth over the next three years, indicating a bullish sentiment regarding the company's sustained profitability.
- Outstanding Financial Performance: Sandisk reported an adjusted earnings per share of $31.32 for the first nine months of fiscal 2026, an impressive 11.5-fold increase year-over-year, with current quarter guidance suggesting earnings could reach $31.50, signaling accelerated growth.
- Sustained Market Demand: Global data generation is expected to grow from 1.1 ZB in 2024 to 2.4 ZB by 2028, driving demand for flash storage products, positioning Sandisk favorably to benefit from this trend and continue its growth trajectory.
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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: 1589.550
Low
220.00
Averages
283.69
High
410.00
Current: 1589.550
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 Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
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 Reports Strong Growth Amid AI Boom
- Significant Revenue Growth: Sandisk reported $5.95 billion in revenue for Q3 FY2026, marking a 97% sequential increase and a 251% year-over-year growth, with guidance suggesting a midpoint of $8 billion for Q4, indicating a 34.5% sequential growth.
- Sustained Market Demand: Despite the cyclical nature of the memory chip industry, CEO David Goeckeler indicated that the NAND flash memory market will remain undersupplied at least through 2027, providing strong support for the company's growth in the coming years.
- AI Industry Driving Growth: With Grand View Research projecting a 30.6% CAGR for the AI sector, Sandisk is poised to benefit from robust demand from tech giants like Amazon and Meta, who are investing heavily in memory chips to maintain a competitive edge.
- Investor Confidence Boosted: Sandisk's stock has surged nearly 4000% over the past year, reflecting strong market confidence in its growth potential, although investors should remain cautious of cyclical risks, the current demand trends present a favorable outlook for the company.
See More
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- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
- SK Hynix Joins the $1 Trillion Club: South Korean memory giant SK Hynix also crossed the $1 trillion market cap threshold in today's trading, underscoring the strong growth in the global memory market and the increasing demand driven by the AI era.
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Barclays Upgrades Sandisk to Overweight with $2,300 Price Target
- Market Appeal Boost: Barclays analyst Tom O'Malley highlighted that the memory/storage sector is the most attractive vertical outside of accelerators, with supply-demand imbalances expected to persist through 2027, contributing to nearly a 3% rise in Sandisk's stock.
- Contract Innovation Advantage: Sandisk has excelled in contract management, utilizing new business models (NBMs) that provide the company with 'demand certainty' and ensure customers receive stable supply, thereby enhancing its competitive position in the market.
- Revenue Assurance: The three contracts signed recently are projected to generate a minimum of around $42 billion in revenue for Sandisk, with over $11 billion in financial guarantees, some of which are in prepayments, showcasing the company's strong financial stability.
- Optimistic Market Outlook: O'Malley emphasized that this type of contract provides customers with supply visibility while guaranteeing revenue for Sandisk, fundamentally changing the decision-making process in the memory industry and enhancing market security.
See More
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- Peer Impact: Following Zscaler's disappointing results, shares of Palo Alto Networks and CrowdStrike fell by 4% and over 3%, respectively, reflecting a decline in market confidence across the cybersecurity sector.
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- Rating Upgrade: Barclays upgraded Sandisk's stock from equal weight to overweight and raised its price target from $1,200 to $2,300, indicating a 45% upside from Tuesday's close, reflecting strong confidence in the company's future performance.
- Surging Demand: Sandisk shares have skyrocketed 4,063% over the past year, driven by a surge in memory demand, and are likely to continue rising as memory hardware supplies remain constrained, further solidifying its market position.
- New Business Model: Sandisk has introduced a new business model to capitalize on strong memory demand, outlining clear remaining performance obligations and financial guarantees loaded with prepayments, enhancing customer supply visibility and providing the company with more stable revenue and market outlook.
- Optimistic Industry Outlook: Barclays analysts noted that the memory/storage sector is the most attractive vertical outside of accelerators, with supply-demand imbalances expected to persist through 2027, further driving price increases and transforming the industry landscape.
See More
Sandisk Reports Strong Growth Amid AI Boom
- Significant Revenue Growth: Sandisk reported $5.95 billion in revenue for Q3 FY2026, marking a 97% sequential increase and a 251% year-over-year growth, with guidance suggesting a midpoint of $8 billion for Q4, indicating a 34.5% sequential growth.
- Sustained Market Demand: Despite the cyclical nature of the memory chip industry, CEO David Goeckeler indicated that the NAND flash memory market will remain undersupplied at least through 2027, providing strong support for the company's growth in the coming years.
- AI Industry Driving Growth: With Grand View Research projecting a 30.6% CAGR for the AI sector, Sandisk is poised to benefit from robust demand from tech giants like Amazon and Meta, who are investing heavily in memory chips to maintain a competitive edge.
- Investor Confidence Boosted: Sandisk's stock has surged nearly 4000% over the past year, reflecting strong market confidence in its growth potential, although investors should remain cautious of cyclical risks, the current demand trends present a favorable outlook for the company.
See More
Wall Street Rises with Strong Tech Stock Performance
- Strong Market Rally: Futures indicate an up day for Wall Street as the S&P 500 and Nasdaq hit record highs, driven by AI-related stocks like Micron, which surged 19% and surpassed a $1 trillion market cap, reflecting robust demand for AI chips.
- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
- SK Hynix Joins the $1 Trillion Club: South Korean memory giant SK Hynix also crossed the $1 trillion market cap threshold in today's trading, underscoring the strong growth in the global memory market and the increasing demand driven by the AI era.
- Upgrades for FedEx and Danaher: JPMorgan upgraded FedEx from hold to buy with a price target raised to $460, citing attractive risk/reward ahead of its freight unit separation; meanwhile, Citi reinstated Danaher with a buy rating and a $230 price target, reflecting optimism in the bioprocessing sector.
See More
Barclays Upgrades Sandisk to Overweight with $2,300 Price Target
- Market Appeal Boost: Barclays analyst Tom O'Malley highlighted that the memory/storage sector is the most attractive vertical outside of accelerators, with supply-demand imbalances expected to persist through 2027, contributing to nearly a 3% rise in Sandisk's stock.
- Contract Innovation Advantage: Sandisk has excelled in contract management, utilizing new business models (NBMs) that provide the company with 'demand certainty' and ensure customers receive stable supply, thereby enhancing its competitive position in the market.
- Revenue Assurance: The three contracts signed recently are projected to generate a minimum of around $42 billion in revenue for Sandisk, with over $11 billion in financial guarantees, some of which are in prepayments, showcasing the company's strong financial stability.
- Optimistic Market Outlook: O'Malley emphasized that this type of contract provides customers with supply visibility while guaranteeing revenue for Sandisk, fundamentally changing the decision-making process in the memory industry and enhancing market security.
See More
Wall Street's Latest Rating Changes Overview
- Openlane Upgrade: JPMorgan upgraded Openlane from neutral to overweight and raised its December 2026 price target to $38, indicating that the online used car marketplace is experiencing robust growth and has potential for sustainable expansion over the coming years.
- Dollar General Downgrade: Deutsche Bank downgraded Dollar General from buy to hold, citing challenges in its customer base and the widening gap in the K-shaped economy, which may limit same-store sales upside, reflecting a cautious outlook on the company.
- Ecolab Upgrade: UBS upgraded Ecolab from neutral to buy and raised its price target to $325, demonstrating strong demand and positive performance expectations for the chemicals company amid a favorable market environment.
- FedEx Upgrade: JPMorgan upgraded FedEx from neutral to overweight, expressing optimism ahead of its upcoming earnings report, particularly regarding the separation of its freight business, which is seen as an attractive risk-reward opportunity.
See More
Zscaler's Earnings Misses Expectations, Shares Plunge
- Zscaler Earnings Miss: Zscaler's revenue guidance for the current quarter is between $875 million and $878 million, falling short of the $879 million analysts expected, leading to a more than 23% drop in shares, indicating market concerns about its future growth.
- Peer Impact: Following Zscaler's disappointing results, shares of Palo Alto Networks and CrowdStrike fell by 4% and over 3%, respectively, reflecting a decline in market confidence across the cybersecurity sector.
- Bath & Body Works Strong Performance: The company reported better-than-expected first-quarter earnings and forecasted second-quarter EPS between 20 to 25 cents, exceeding the 21 cents expected by analysts, resulting in a 15% increase in shares, showcasing resilience in market demand.
- Semtech's Impressive Results: Semtech posted first-quarter adjusted earnings and revenue that surpassed estimates, with guidance for current-quarter earnings and EBITDA also exceeding analyst expectations, leading to a 7% rise in shares, highlighting its strong performance in the semiconductor market.
See More
Barclays Upgrades Sandisk, Sees 45% Upside Potential
- Rating Upgrade: Barclays upgraded Sandisk's stock from equal weight to overweight and raised its price target from $1,200 to $2,300, indicating a 45% upside from Tuesday's close, reflecting strong confidence in the company's future performance.
- Surging Demand: Sandisk shares have skyrocketed 4,063% over the past year, driven by a surge in memory demand, and are likely to continue rising as memory hardware supplies remain constrained, further solidifying its market position.
- New Business Model: Sandisk has introduced a new business model to capitalize on strong memory demand, outlining clear remaining performance obligations and financial guarantees loaded with prepayments, enhancing customer supply visibility and providing the company with more stable revenue and market outlook.
- Optimistic Industry Outlook: Barclays analysts noted that the memory/storage sector is the most attractive vertical outside of accelerators, with supply-demand imbalances expected to persist through 2027, further driving price increases and transforming the industry landscape.
See More
