Sandisk Corporation
Rank #44HypergrowthSNDK · Nasdaq · Technology
Sandisk Corporation (SNDK) — Rank #44 by gross profitability (GP/assets 0.64) · ROE 72.7% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0002023554 · all metrics point-in-time as of the filing date.
About
Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the Americas, Europe, the Middle East, Africa, Asia, and internationally.
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The company provides solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, industrial, and connected home applications, as well as removable cards, universal serial bus drives, and wafers and components. It sells its products to computer manufacturers and original equipment manufacturers, datacenters, private cloud customers, cloud service providers, resellers, distributors, and retailers through its sales personnel, dealers, distributors, retailers, and subsidiaries.
Sandisk Corporation was incorporated in 2024 and is based in Milpitas, California.
- Industry
- Computer Hardware
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- June 28
- Website
- sandisk.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$222.85B
P/E (annual)
20.6
P/S (annual)
11.0
P/B
14.2
P/OCF (annual)
19.1
Shareholder Yield
-6.9%
Employees
11,100
Industry
Computer Hardware
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 4/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
8.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 6.9% — per-share value needs a total required return of 15.0% once share-count change is priced in.
vs. own 6-year median revenue growth: 10.4%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
3.7%
r = 10% (base)
8.1%
r = 12%
11.8%
Net debt / market cap: -2.0%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.64
Primary signal (Novy-Marx).
97th pctl of 36 SIC 35 peers
Return on equity
72.7%
Gross margin
71.5%
94th pctl of 36 SIC 35 peers
Revenue growth (YoY)
175.3%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
49.3%
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.43
89th pctl of 36 SIC 35 peers (best = lowest)
Current ratio
2.29×
60th pctl of 36 SIC 35 peers
Quick ratio
1.70×
Net cash
$4.76B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$11.49B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.01
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.1%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).