TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

SNDK stock analysis: Sandisk

Sandisk (SNDK) is an S&P 500 company in Technology Hardware, Storage & Peripherals. It grades strongest on profitability.

The model's view of SNDK · subscribers

Where SNDK ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with SNDK · updated 2026-10-05 · from prices and SEC filings

SNDK price performance

SNDK against the S&P 500, one year
+0%+1000%+2000%SNDK +1402%S&P 500 +18%2025-09-292026-10-05
Year to date+617.9%S&P 500 +14.5% · ahead by 603.4 pts
1 year+1227.1%S&P 500 +17.0% · ahead by 1210.1 pts

Total returns with dividends reinvested.

SNDK factor grades

Each grade compares SNDK with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

BValueP/E 23.3x (industry 33.5x)FCF yield 4.6% (industry 3.3%)
–GrowthRevenue growth +175% (industry +20%)
AProfitabilityOperating margin 61.2% (industry 30.8%)ROIC 99.2% (industry 58.6%)
B-Momentum12-month change +1227%From 52-wk high -27%

SNDK in plain numbers

SNDK key statistics

SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
IndexS&P 500
Market value$249.5B
Revenue growth (y/y)+175%
Free-cash-flow yield4.6%
Dividend yieldn/a
Next earnings (expected)2026-11-05
Valuation measures
Market value$249.5B
Enterprise value$244.8B
P/E (trailing)23.3x
Forward P/E (Torvanta estimate)23.3x
Price / sales12.3x
Price / book15.9x
EV / revenue12.1x
EV / EBITDA19.5x
Financial highlights
Revenue, last 12 months$20.2B
Net income, last 12 months$11.4B
EPS, last 12 months (GAAP)$73.27
Gross margin71.5%
Operating margin61.2%
Net margin56.5%
Return on equity91.6%
Return on invested capital99.2%
Cash$4.8B
Total debt$0
Free cash flow, last 12 months$11.5B
Interest cover169.7x
Current ratio2.29x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

SNDK earnings trends

Revenue vs earnings
-$1.9B$791.5M$3.5B$6.2B$9.0BSep 2024 Revenue: $1.9BDec 2024 Revenue: $1.9BMar 2025 Revenue: $1.7BJun 2025 Revenue: $1.9BSep 2025 Revenue: $2.3BDec 2025 Revenue: $3.0BMar 2026 Revenue: $6.0BJun 2026 Revenue: $9.0BSep 2024 Net income: $211.0MDec 2024 Net income: $104.0MMar 2025 Net income: -$1.9BJun 2025 Net income: -$23.0MSep 2025 Net income: $112.0MDec 2025 Net income: $803.0MMar 2026 Net income: $3.6BJun 2026 Net income: $6.9BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 11.2%Net margin: 5.5%Net margin: -114.0%Net margin: -1.2%Net margin: 4.9%Net margin: 26.5%Net margin: 60.8%Net margin: 77.0%-114%-19%77%■ Revenue ■ Net income ━ Net margin
Earnings per share$-13.3$1.1$15.5$29.9$44.3Sep 2024 EPS (GAAP, diluted): $1.5Dec 2024 EPS (GAAP, diluted): $0.7Mar 2025 EPS (GAAP, diluted): $-13.3Jun 2025 EPS (GAAP, diluted): $-0.2Sep 2025 EPS (GAAP, diluted): $0.8Dec 2025 EPS (GAAP, diluted): $5.2Mar 2026 EPS (GAAP, diluted): $23.0Jun 2026 EPS (GAAP, diluted): $44.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -49% · Dec 2025 +615%

From the company's 10-Q and 10-K filings with the SEC.

Sandisk financials (from SEC filings)

Fiscal yearFY2025FY2026
Revenue$7.4B$20.2B
Net income-$1.6B$11.4B
EPS (GAAP)$-11.31$73.27
Free cash flow-$120.0M$11.5B

SNDK earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$44.34n/a+372%-11.5%
2026-04-30$23.03n/a+251%+10.3%
2026-01-29$5.15+615%+61%+9.7%
2025-11-06$0.75-49%+23%+11.6%
2025-08-14$-0.16-119%+8%-5.0%
2025-05-07$-13.33-7116%-1%+7.2%

About Sandisk

HeadquartersMilpitas, CA
Industry (SEC code)Computer Storage Devices
Fiscal year endsJune 28
Incorporated inDE
Listed onNasdaq

From the company's SEC registration record.

Companies similar to SNDK

CompanyMarket valueP/ERevenue growthOperating margin12-month change
SNDK Sandisk$249.5B23.3x+175%61.2%+1227%
STX Seagate$201.1B63.8x+34%33.6%+253%compare
WDC Western Digital$159.2B18.2x-3%34.5%+237%compare
HPE Hewlett Packard Enterprise$90.7B35.4x+27%6.2%+185%compare
P Everpure$47.9B197.1x+27%5.3%+66%
NTAP NetApp$44.0B31.6x-1%28.5%+91%
HPQ HP Inc$28.4B12.1x+8%5.4%+24%

All Information Technology stock ratings

Frequently asked questions

Is SNDK stock a buy?

Torvanta does not tell individuals what to buy. Its grades for SNDK are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is SNDK's P/E ratio?

SNDK trades at about 23.3 times its last 12 months of GAAP earnings reported to the SEC, and about 23.3 times Torvanta's own estimate of the next 12 months.

When does SNDK report earnings next?

Based on its filing history, Torvanta expects Sandisk to report around 2026-11-05.

How has SNDK performed against the S&P 500?

Over the past year SNDK returned +1227.1%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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