Key Points
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Sandisk (NASDAQ: SNDK), specializing in NAND flash storage and enterprise solid-state drives, reported a year-over-year revenue increase of 175%, reaching $20.2 billion for the fiscal year ending July 3.
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The company’s data center segment surged 437% to $5.2 billion, with fourth-quarter revenue reaching $2.9 billion, nearly doubling sequentially.
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Sandisk’s stock has risen approximately 500% since 2026, despite a recent decline, and currently trades at a P/E ratio of around 20, indicating a cheaper valuation compared to Nvidia during its earlier growth phases.
Following its spin-off from Western Digital, Sandisk has initiated New Business Model agreements with eight customers, equating to $93.9 billion in minimum contracted revenue. With a significant focus on the data center market, the company is poised for continued growth as AI hyperscalers expand their capital budgets.
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