SNDK - Sandisk Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$2,154.38
DETAILS
HIGH:
$3,050.00
LOW:
$1,200.00
MEDIAN:
$2,050.00
CONSENSUS:
$2,154.38
UPSIDE:
34.98%
| Metric | 2026 | 2025 | 2024 | 2023 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 20,248 | 7,355 | 6,663 | 6,086 | 9,754 | 9,754 |
| Cost of Revenue | 5,776 | 5,143 | 5,591 | 5,656 | 6,510 | 6,510 |
| Gross Profit | 14,472 | 2,212 | 1,072 | 430 | 3,244 | 3,244 |
| Operating Expenses | ||||||
| R&D Expenses | 1,328 | 1,132 | 1,061 | 1,167 | 1,362 | 1,362 |
| SG&A Expenses | 676 | 573 | 455 | 558 | 666 | 666 |
| Other Expenses | 79 | 1,884 | 24 | 740 | 16 | 16 |
| Operating Expenses | 2,083 | 3,589 | 1,540 | 2,465 | 2,044 | 2,044 |
| Operating Income | ||||||
| Operating Income | 12,389 | (1,377) | (468) | (2,035) | 1,200 | 1,200 |
| Interest Expense | 73 | 63 | 40 | 31 | 9 | 9 |
| Interest Income | 70 | 22 | 12 | 21 | 0 | 0 |
| Profitability | ||||||
| EBITDA | 13,090 | (1,253) | (239) | (1,523) | 1,741 | 1,741 |
| EBIT | 13,090 | (1,416) | (463) | (1,971) | 1,216 | 1,216 |
| Income Before Tax | 13,017 | (1,479) | (503) | (2,002) | 1,234 | 1,234 |
| Income Tax Expense | 1,584 | 162 | 169 | 141 | 170 | 170 |
| Net Income | 11,433 | (1,641) | (672) | (2,143) | 1,064 | 1,064 |
| Per Share Data | ||||||
| EPS (Basic) | 77.78 | -11.32 | -4.67 | -14.88 | 7.39 | 7.39 |
| EPS (Diluted) | 73.76 | -11.32 | -4.67 | -14.88 | 7.39 | 7.39 |
| Shares Outstanding | 147 | 145 | 144 | 144 | 144 | 144 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||
| Cash & Cash Equivalents | 4,762 | 1,481 | 328 | 292 | 335 | 335 | 962.1 | 833.7 | 734.5 | 266.6 | 189.5 | 106.3 | 146.2 | 15.4 | 20.9 | 19.3 | 27.3 | 11.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 477.3 | 1,001.6 | 528.1 | 189.9 | 105.5 | 373.3 | 311 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 4,730 | 1,134 | 935 | 539 | 1,289 | 1,289 | 122.1 | 607.1 | 184.2 | 81.1 | 73.7 | 96.4 | 52.4 | 20.4 | 19.4 | 11.9 | 8.4 | 4.1 |
| Inventory | 2,698 | 2,079 | 1,955 | 2,269 | 1,992 | 1,992 | 598.3 | 555.1 | 116.9 | 88.6 | 57.9 | 96.6 | 35.7 | 8.9 | 15.6 | 9.6 | 10.4 | 4.1 |
| Other Current Assets | 590 | 392 | 330 | 300 | 873 | 873 | 533.7 | 286.9 | 107.8 | 110.1 | 105.4 | 17.7 | 23.1 | 141.7 | 132.5 | 56.7 | 41.7 | 9.8 |
| Total Current Assets | 12,780 | 5,086 | 3,548 | 3,400 | 4,489 | 4,489 | 2,713.7 | 3,299.7 | 1,724.9 | 754.7 | 544.1 | 690.3 | 568.4 | 186.4 | 188.4 | 97.5 | 87.8 | 29.1 |
| Non-Current Assets | ||||||||||||||||||
| Property, Plant & Equipment | 674 | 619 | 970 | 1,026 | 1,039 | 1,039 | 397.0 | 422.9 | 59.5 | 30.3 | 33.7 | 41.1 | 31.8 | 17.5 | 15.9 | 10.3 | 4.3 | 2.1 |
| Goodwill | 4,994 | 4,999 | 7,207 | 7,212 | 7,887 | 7,887 | 0 | 840.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 133 | 133 | 63.2 | 322.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1,777 | 734 | 510 | 617 | 615 | 615 | 1,097.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2,216 | 1,489 | 1,271 | 1,565 | 1,598 | 1,598 | 1,645.8 | 2,232.2 | 247.9 | 181.6 | 337.6 | 369.5 | 57.5 | 51.8 | 41.2 | 0.5 | 0 | 0.7 |
| Total Non-Current Assets | 9,727 | 7,899 | 9,958 | 10,420 | 11,272 | 11,272 | 3,218.5 | 3,935.2 | 315.3 | 218.8 | 390.2 | 410.6 | 89.3 | 69.3 | 57.1 | 10.8 | 4.3 | 2.8 |
| Total Assets | 22,507 | 12,985 | 13,506 | 13,820 | 15,761 | 15,761 | 5,932.1 | 7,234.8 | 2,040.2 | 973.6 | 934.3 | 1,100.9 | 657.7 | 255.7 | 245.5 | 108.3 | 92.1 | 31.9 |
| Current Liabilities | ||||||||||||||||||
| Account Payables | 516 | 366 | 357 | 626 | 788 | 788 | 611.0 | 444.2 | 133.8 | 28.3 | 19.9 | 67.1 | 30.7 | 6.9 | 14.1 | 7.6 | 9.1 | 4.3 |
| Short-Term Debt | 0 | 20 | 814 | 919 | 950 | 950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.5 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 149.6 | 182.9 | 99.1 | 43.8 | 11.6 | 50.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2,349 | 0 | 0 | 71 | 55 | 55 | 0 | 0 | 113.9 | 59.8 | 70.4 | 32.6 | 54.9 | 41 | 40 | 12.9 | 10.6 | 3.3 |
| Total Current Liabilities | 5,581 | 1,427 | 2,123 | 2,174 | 2,513 | 2,513 | 1,263.0 | 913.9 | 346.8 | 170.3 | 129.7 | 164.4 | 85.6 | 47.9 | 54.1 | 20.5 | 19.8 | 8.1 |
| Non-Current Liabilities | ||||||||||||||||||
| Long-Term Debt | 393 | 1,829 | 0 | 0 | 0 | 0 | 954.1 | 1,225 | 150 | 150 | 125 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Deferred Tax Liabilities | 161 | 17 | 15 | 0 | 0 | 0 | 77.3 | 14.5 | 0 | 0 | 0 | 70 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 636 | 303 | 115 | 119 | 271 | 271 | 197.0 | 120.8 | 27.4 | 25.6 | 4.2 | 3.5 | 0 | 0 | 0 | 0 | (0.1) | 0 |
| Total Non-Current Liabilities | 1,190 | 2,342 | 301 | 207 | 271 | 271 | 1,228.4 | 1,360.3 | 177.4 | 175.6 | 129.2 | 73.5 | 0 | 0 | 0 | 0 | (0.1) | 0.1 |
| Total Liabilities | 6,771 | 3,769 | 2,424 | 2,381 | 2,784 | 2,784 | 2,491.4 | 2,274.1 | 524.3 | 345.9 | 258.9 | 237.8 | 85.6 | 47.9 | 54.1 | 20.5 | 19.7 | 8.2 |
| Stockholders' Equity | ||||||||||||||||||
| Common Stock | 1 | 1 | 11,534 | 11,782 | 13,384 | 13,384 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 9,649 | (1,784) | 0 | 0 | 0 | 0 | (902.8) | 1,130.1 | 253.6 | 84.8 | 48.5 | 346.5 | 47.8 | 21.2 | 9.5 | (10.4) | (24.9) | (34) |
| Accumulated Other Comprehensive Income | (256) | (249) | (452) | (343) | (407) | (407) | 189.0 | 32.5 | 54.3 | (43.0) | 46.4 | (50.4) | 0.2 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 15,736 | 9,216 | 11,082 | 11,439 | 12,977 | 12,977 | 3,440.6 | 4,959.6 | 1,515.9 | 627.7 | 675.4 | 863.1 | 572.1 | 207.8 | 191.4 | 87.8 | 72.4 | 23.7 |
| Total Liabilities & Equity | 22,507 | 12,985 | 13,506 | 13,820 | 15,761 | 15,761 | 5,932.1 | 7,234.8 | 2,040.2 | 973.6 | 934.3 | 1,100.9 | 657.7 | 255.7 | 245.5 | 108.3 | 92.1 | 31.9 |
| Debt Metrics | ||||||||||||||||||
| Total Debt | 393 | 2,042 | 985 | 1,020 | 950 | 950 | 954.1 | 1,225 | 150 | 150 | 125 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.6 |
| Net Debt | (4,369) | 561 | 657 | 728 | 615 | 615 | (8.0) | 391.3 | (584.5) | (116.6) | (64.5) | (106.3) | (146.2) | (15.4) | (20.9) | (19.3) | (27.2) | (10.5) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2021 | 2022 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||
| Net Income | 11,433 | (1,641) | (672) | (2,143) | 1,064 | 1,064 | 266.6 | 168.9 | 36.2 | (297.9) | 298.7 | 26.6 | 11.8 | 19.8 | 14.5 | 9.1 | (4.3) |
| Depreciation & Amortization | 149 | 163 | 224 | 448 | 525 | 525 | 38.9 | 23.0 | 21.3 | 20.5 | 15.9 | 7.1 | 5.8 | 4 | 2.3 | 1.6 | 2 |
| Stock-Based Compensation | 232 | 182 | 149 | 165 | 171 | 171 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (2,790) | (380) | (86) | 197 | (561) | (561) | (101.0) | 62.3 | 26.7 | 26.2 | (1.5) | (15.6) | (5.4) | 19 | (2.6) | 1.7 | 3 |
| Other Non-Cash Items | 2,527 | 1,772 | 92 | 701 | (48) | (48) | 13.8 | 16.3 | 30.4 | 313.6 | (342.7) | 0 | 0 | 0.1 | 0.2 | 0 | 1 |
| Operating Cash Flow | 11,671 | 84 | (309) | (713) | 1,151 | 1,151 | 227.6 | 272.5 | 107.0 | (72.1) | 84.9 | 17 | 13.4 | 26.8 | 13.4 | 12.4 | 1.7 |
| Investing Activities | |||||||||||||||||
| Capital Expenditure | (177) | (204) | (166) | (219) | (410) | (410) | (125.8) | (54.6) | (16.6) | (26.2) | (26.6) | (21.4) | (7.5) | (9.6) | (8.4) | (3.8) | (1.4) |
| Acquisitions | 0 | 402 | 0 | 16 | 0 | 0 | (9.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (970) | 0 | 0 | 0 | 0 | 0 | (1,147.1) | (622.6) | (377.7) | (224.7) | (593.1) | (332.4) | (137.8) | (149) | (48) | (40.3) | (23.9) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 810.1 | 327.5 | 246.4 | 380.2 | 643.7 | 139.4 | 133.2 | 89.9 | 34.2 | 8.7 | 29.2 |
| Other Investing Activities | (239) | 358 | 376 | 14 | (62) | (62) | (51.1) | 14.0 | 42.3 | (104.2) | (161.9) | 0 | (10.9) | (40.2) | 0 | 0 | 0 |
| Investing Cash Flow | (1,386) | 556 | 210 | (189) | (472) | (472) | (523.0) | (335.7) | (105.6) | 25.1 | (137.9) | (214.4) | (23) | (108.9) | (22.2) | (35.4) | 3.9 |
| Financing Activities | |||||||||||||||||
| Net Debt Issuance | (1,900) | 2,445 | (258) | 184 | 0 | 0 | 0 | 0 | 24.4 | 121.5 | 0 | 0 | 0 | 0 | (0.1) | (0.5) | (0.6) |
| Stock Repurchased | (4,524) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (630) | (1,932) | 394 | 676 | (650) | (650) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (7,001) | 518 | 136 | 860 | (650) | (650) | 24.6 | 576.9 | 29.9 | 130.2 | 13.2 | 328.2 | 4.2 | 83.7 | 0.8 | 39.1 | (0.5) |
| Cash Position | |||||||||||||||||
| Net Change in Cash | 3,281 | 1,153 | 36 | (43) | 335 | 335 | (270.7) | 513.7 | 31.3 | 83.2 | (39.9) | 130.8 | (20.9) | (19.3) | (27.3) | (11.1) | (6.1) |
| Cash at Beginning | 1,481 | 328 | 292 | 335 | 0 | 0 | 734.5 | 220.8 | 189.5 | 106.3 | 146.2 | 15.4 | 20.9 | 19.3 | 27.3 | 11.1 | 6.1 |
| Cash at End | 4,762 | 1,481 | 328 | 292 | 335 | 335 | 463.8 | 734.5 | 220.8 | 189.5 | 106.3 | 146.2 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 11,494 | (120) | (475) | (932) | 741 | 741 | 101.8 | 217.9 | 90.3 | (98.3) | 58.3 | (4.4) | 5.9 | 17.2 | 5 | 8.6 | 0.3 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2021 | 2022 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 20,248 | 7,355 | 6,663 | 6,086 | 9,754 | 9,754 | ||||||||||||
| Gross Profit | 14,472 | 2,212 | 1,072 | 430 | 3,244 | 3,244 | ||||||||||||
| Operating Income | 12,389 | (1,377) | (468) | (2,035) | 1,200 | 1,200 | ||||||||||||
| Net Income | 11,433 | (1,641) | (672) | (2,143) | 1,064 | 1,064 | ||||||||||||
| EPS (Diluted) | 73.76 | -11.32 | -4.67 | -14.88 | 7.39 | 7.39 | ||||||||||||
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 4,762 | 1,481 | 328 | 292 | 335 | 335 | 962.1 | 833.7 | 734.5 | 266.6 | 189.5 | 106.3 | 146.2 | 15.4 | 20.9 | 19.3 | 27.3 | 11.1 |
| Total Assets | 22,507 | 12,985 | 13,506 | 13,820 | 15,761 | 15,761 | 5,932.1 | 7,234.8 | 2,040.2 | 973.6 | 934.3 | 1,100.9 | 657.7 | 255.7 | 245.5 | 108.3 | 92.1 | 31.9 |
| Total Debt | 393 | 2,042 | 985 | 1,020 | 950 | 950 | 954.1 | 1,225 | 150 | 150 | 125 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.6 |
| Stockholders' Equity | 15,736 | 9,216 | 11,082 | 11,439 | 12,977 | 12,977 | 3,440.6 | 4,959.6 | 1,515.9 | 627.7 | 675.4 | 863.1 | 572.1 | 207.8 | 191.4 | 87.8 | 72.4 | 23.7 |
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 11,671 | 84 | (309) | (713) | 1,151 | 1,151 | 227.6 | 272.5 | 107.0 | (72.1) | 84.9 | 17 | 13.4 | 26.8 | 13.4 | 12.4 | 1.7 | |
| Capital Expenditure | (177) | (204) | (166) | (219) | (410) | (410) | (125.8) | (54.6) | (16.6) | (26.2) | (26.6) | (21.4) | (7.5) | (9.6) | (8.4) | (3.8) | (1.4) | |
| Free Cash Flow | 11,494 | (120) | (475) | (932) | 741 | 741 | 101.8 | 217.9 | 90.3 | (98.3) | 58.3 | (4.4) | 5.9 | 17.2 | 5 | 8.6 | 0.3 | |