Sandisk: Down But Not Out At 5x Earnings

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Skip to contentHome page Seeking Alpha - Power to InvestorsNov 02, 2026, 7:58 AM ETSandisk Corporation (SNDK) Stock, SNDK:CA StockSSNLF, KXIAY, KXHCF, SSNHZRick Orford5.24K FollowersSandisk Corporation retains my Strong Buy rating despite a 39% stock drop, trading at just 5x guided earnings.SNDK delivered Q1 revenue and EPS well above guidance, with data center revenue up 61% sequentially and gross margin at 85%.Future growth is anchored by robust data center flash demand, projected up 40% in 2027, though half of 2027 output remains exposed to market prices.SNDK buybacks are now more accretive at lower prices, but margin risk remains if flash prices decline sharply; next quarter's mix of price vs. volume growth is key.alacatr/iStock Unreleased via Getty ImagesSandisk Corporation (SNDK) aka SanDisk has had a rough few weeks, which is a little surprising given what the company delivered. Since my last article, SanDisk has beat its own guidance, raised itThis article was written byRick Orford5.24K FollowersRick is a Wall Street Journal best-selling author and financial writer specializing in stocks and options trading. He's recognized as a top 1% financial expert and blogger on TipRanks, and his work, in both written and video form, has appeared in Good Morning America, Forbes, Yahoo Finance, MSN, Business Insider, InvestorPlace, Benzinga, SoFi, Barchart, Thrive Global, and many more. Journalists and editors can find his verified credentials on MuckRack.His passion is business, and he works tirelessly to make complex investing ideas easy to understand, whether on his YouTube channel, in his books, or across his published work.Rick started his career young. In 2004, he founded a web marketing agency that was acquired in 2007. He and his partner then became pioneers in the telecom industry, offering a business phone service that worked from anywhere. The company grew rapidly through innovation and strategic acquisitions before being sold in 2014 for a seven-figure exit.Between 2009 and 2015, Rick served on the board of directors of GVCCU, where he gained inside experience in the mortgage and lending business.In 2018, he wrote The Financially Independent Millennial to share his story of reaching financial independence at age 35 despite not learning about money growing up. His books are written to be approachable and often highlight the lessons he wishes he could have told his younger self.Rick later co-authored Success Mindsets, which became a Wall Street Journal bestseller on November 13, 2021.When he's not analyzing markets, Rick is an enthusiast of fast cars, technology, and good food.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.