Sandisk Corporation (SNDK) Stock

Sandisk Corporation (SNDK) is a Technology stock trading at $1351.81 (as of 2026-07-17), with a market capitalization of $200.19B and a trailing P/E of 77.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SanDisk Corp. engages in the development, manufacture, and provision of storage devices and solutions on NAND flash technology. Its products include solid state drives. embedded products, removable cards, universal series bus, and wafers and components. The company was founded on June 1, 1988 and is headquartered in Milipitas, CA.

Understand Sandisk Corporation: how it makes money

SanDisk develops and makes NAND flash storage devices and solutions, such as solid state drives, embedded storage, removable cards, and also wafers and components, generating revenue by selling these storage products to customers.

SanDisk’s profit engine is the mix of NAND flash storage revenue across Edge, Data center, and Consumer, with performance influenced by how enterprise SSD dollars and bits are allocated (enterprise SSD mix and bit allocation) and by technology share in shipped bits (BiCS8 share).

Revenue by segment (latest quarter)
Edge	$3.7B
Data center	$1.5B
Consumer	$0.8B

Business quality (Exceptional): The company shows very high profitability at the gross and operating levels (78.4% gross margin, 69.1% operating margin) while selling across three product-driven end-market segments (Edge, Data center, and Consumer). The key investor focus is whether segment revenue and storage mix KPIs move as expected, because the available operating metrics explicitly track Edge, enterprise SSD mix and bit allocation, and shipped-bit technology share.

Valuation: At 71× earnings, SNDK trades 125% above the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

Strong contribution from Edge storage: Edge revenue is the largest segment at 3.66B, so execution in this end market is likely to be a major driver of near-term results.
Enterprise and technology mix are tracked: Management reports specific mix and technology shipment metrics (enterprise solid state drive mix, enterprise solid state drive bit allocation, and BiCS8 share of bits shipped), which can help investors understand what is driving storage performance over time.

Bear case

Results may be sensitive to segment swings: With revenue split across Edge (3.66B), Data center (1.47B), and Consumer (0.82B), weakness in any single segment could pressure total performance.
Mix changes could affect outcomes: Because the reported operating mix metrics include enterprise solid state drive mix (25.0%) and enterprise solid state drive bit allocation (12.0%), shifts in product mix or allocated bits could impact performance.

Valuation — source: SEC EDGAR (first-party)
Price	$1351.81
Market Cap	$200.19B
P/E Ratio	77.1
EV / EBITDA	51.4
Price / Book	14.53
Price / Sales	15.43
FCF Yield	3.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$7.36B
Net Margin	-22.3%
Revenue Growth (YoY)	251.0%
EPS Growth (YoY)	-283.3%
FCF Growth (YoY)	-2710.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	31.74 (safe)

Valuation vs Sector & Industry
Stock P/E	77.1
Sector P/E (Technology)	34.7
Industry P/E (Computers)	30.9
vs Sector	122.3%
vs Industry	149.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	FMR LLC ($8.51B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Technology
Industry	Computers
CEO	David V. Goeckeler
Employees	12,000
Country	US
IPO Date	1995-11-08

Related Companies (Business model: Consumer Hardware (incl. ecosystem services); 8 closest by market cap; US-domiciled)

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.