Sandisk: The NAND Trade Is Getting Crowded Heading Into Q2 Earnings [Seeking Alpha]
Sandisk Corporation (SNDK)
Company Research
Source: Seeking Alpha
I see a similar pattern in earnings revisions to what Nvidia experienced in mid 2023. I believe a 2026 NAND pricing upcycle should flow straight into SanDisk's average selling prices and gross margins. Q3 FY26 guidance matters most in the upcoming earnings release. A midpoint guide above the Street's $2.72B revenue and $3.84 EPS would signal a faster hyperscaler ramp. Margins are also important, and I expect to see a Q3 FY26 margin guide above the 40.8–42.8% GAAP range guided for Q2. I warn readers that expectations are high. At 34x next year's earnings, which is 3x Micron's 10x forward multiple, the company needs to impress the Street. I'm cautiously bullish given the recent price action. Getty Images Sandisk Corporation ( SNDK ) is just a few weeks away from reporting Q2 FY26 results. Given that shares doubled since Q1 results, the market will be paying close attention to the guidance that management provides for Q3 FY26. This article was written by Analyst's Disclos
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SNDK
News
- Sandisk (NASDAQ:SNDK) was upgraded by analysts at Royal Bank Of Canada to a "hold" rating.MarketBeat
- Sandisk (NASDAQ:SNDK) was given a new $380.00 price target on by analysts at Wells Fargo & Company.MarketBeat
- Sandisk (NASDAQ:SNDK) had its price target raised by analysts at Benchmark Co. from $260.00 to $450.00. They now have a "buy" rating on the stock.MarketBeat
- Sandisk (NASDAQ:SNDK) was given a new $385.00 price target on by analysts at Barclays PLC.MarketBeat
- Sandisk (NASDAQ:SNDK) is now covered by analysts at Royal Bank Of Canada. They set a "sector perform" rating on the stock.MarketBeat
SNDK
Earnings
- 11/6/25 - Beat
SNDK
Sec Filings
- 1/16/26 - Form 144
- 1/15/26 - Form 144
- 1/7/26 - Form 144
- SNDK's page on the SEC website