Sandisk is trading at just 8.2 times forward earnings despite an expected 649% earnings growth in 2026, driven by a significant shift in its portfolio towards data center storage, which now accounts for 38% of its business. This shift reduces reliance on traditional consumer NAND demand and is supported by multi-year customer commitments fueled by increasing AI inference needs. The company aims for mid-to-high-teens bit growth through technology upgrades while maintaining capital expenditure around 6% of revenue for 2027. With sustained earnings per share of $214 projected for 2027 and an 11 times earnings multiple, Sandisk’s valuation could exceed $2,350, indicating strong growth potential without needing sector-level valuation multiples.
Sandisk is trading at USD 1,777.80 on Pluang as of Sep 27, 2026 19:41 WIB, which is below its 52-week high of USD 2.34K but far above its 52-week low of USD 97.12. The stock has gained 1.38% in the last day, reflecting strong buying interest with 99% of Pluang orders being buys. This contrasts with the significant earnings growth expectations highlighted in the news, showing the market's cautious stance despite the company's promising outlook.
Sandisk Corporation is rated a Buy due to its multi-year contracts that secure over four years of demand and strong free cash flow. The company’s new business model guarantees minimum pricing and volume commitments, covering half of its 2027 chip sal...
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