Sandisk (SNDK)
Develops NAND flash storage for datacenters, edge devices, and consumers.
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Develops NAND flash storage spanning enterprise and client SSDs, embedded products, memory cards, USB drives, and portable SSDs for datacenter, edge-device, and consumer markets. Most revenue comes from outside the United States, while substantially all flash memory is supplied by joint ventures with Kioxia in Japan.
Develops NAND flash storage for three end markets: Datacenter, Edge, and Consumer. Enterprise solid-state drives serve cloud infrastructure and AI workloads; client SSDs and embedded products go into PCs, mobile devices, gaming systems, vehicles, and connected equipment. Retail offerings include memory cards, USB drives, and portable SSDs sold through global channels.
Combines co-developed flash memory with controllers designed primarily in-house and product firmware, then sells to equipment makers, cloud providers, distributors, and retailers worldwide. Most sales come from international customers, with substantial activity in Asia. Substantially all flash memory is sourced from jointly controlled ventures with Kioxia in Japan, tying supply, manufacturing economics, and technology development to that partnership.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 25, 2026 | Mizuho Securities | Target | Target: $1,900 | Target: $1,875 |
| Aug 14, 2026 | RBC Capital | Reiterate | Rating: —Target: $1,300 | Target: $1,600 |
| Aug 14, 2026 | UBS | Reiterate | Rating: —Target: $1,700 | Target: $1,750 |
| Aug 14, 2026 | Mizuho Securities | Target | Target: $2,200 | Target: $1,900 |
| Aug 13, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $1,200 | Target: $2,200 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 3, 2026Cash & short-term investments $4.76B · Total debt $393.0M · Total assets $22.51B · Shareholders' equity $15.74B
- Revenue
- $8.97B
- Operating income
- $7.01B
- Net income
- $6.90B
No dividends on record.
| Institutions | ≈ 71.51% | 105.90M shares | |
|---|---|---|---|
| 1,951 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.45% | 659.4K shares | |
| 14 holders · as of Sep 21, 2026 | |||
| Other | ≈ 28.04% | 41.53M shares | |
| remainder | |||
148.09M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.95% | 10.30M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 9.67M | as of Jun 30, 2026 |
FMR LLCInstitution | 5.31% | 7.86M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.00% | 5.93M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.79% | 5.61M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | David Goeckeler | director, officer: Chairman & CEO | −33,841 | $1,574.21 |
| Sep 14, 2026 | David Goeckeler | director, officer: Chairman & CEO | −33,838 | $1,527.87 |
| Sep 15, 2026 | Luis Felipe Visoso | officer: EVP & CFO | −1,000 | $1,568.83 |
| Sep 8, 2026 | Bernard Shek | officer: Chief Legal Officer & Secty | −2,308 | $1,767.33 |
| Sep 3, 2026 | Alper Ilkbahar | officer: EVP & Chief Technology Officer | −5,112 | $1,542.40 |
- Micron Technology
~13% NAND share; 9550 SSD and G9 NAND contest enterprise and consumer storage.
- Western Digital
Former SanDisk parent; pure-play HDD competing for data center storage budgets.
- Seagate Technology
HAMR-HDD leader competing for AI data center storage at 6–7x lower cost/TB.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sandisk | $1,760.99 | −0.50% | $261.62B | 24.0 | 8.4 | 12.9 | +371.6% |
| Micron Technology | $1,030.78 | −1.24% | $1.18T | 23.6 | 7.2 | 13.1 | +345.7% |
| Western Digital | $441.10 | −1.58% | $154.48B | 18.1 | 21.8 | 12.0 | +43.8% |
| Seagate Technology | $864.75 | −1.47% | $196.72B | 63.1 | 24.2 | 16.1 | +48.5% |
| Median | 23.6 | 21.8 | 13.1 | +48.5% |