SNDK

Sandisk was trading near $36 twelve months ago. It has since done something that most stocks never do in a lifetime. And on May 27, one of Wall Street's major banks looked at that run and decided the story was not finished. The argument it made for why is more specific than most investors are expecting. Barclays analyst Tom O'Malley upgraded SanDisk (SNDK) to Overweight from Equal-weight and raised his price target to $2,300 from $1,200 on May 27. The new target implies approximately 45% upside from the stock's close of $1,589.55. Shares jumped 7.5% on the day of the upgrade. More Wall Street: JPMorgan resets S&P 500 price target for the rest of 2026 Vanguard challenges the S&P 500 as a one-stop strategy Goldman Sachs resets Broadcom stock forecast The 52-week low for SanDisk was $36.21. The stock has gained more than 4,000% in the past twelve months, according to Investing.com. Barclays is saying the move is not over. The draft narrative around SanDisk upgrades has focused on memory pricing and supply cycles. O'Malley's argument is more specific and more structural than that. His core thesis is about SanDisk's contracting model, not just the market cycle it operates in. O'Malley said SanDisk has taken an "aggressive and structurally innovative" approach to its New Business Models, highlighted at the company's most recent earnings call. The NBMs are designed to deliver "demand certainty" for SanDisk while giving customers "supply assurance," according to TipRanks. The contracts vary in length, with the longest extending into 2031. They are structured around quarterly volume commitments that scale upward over the life of each agreement. Pricing combines fixed rates in the near term with variable pricing over the longer horizon, allowing SanDisk to capture upside if market prices rise. The financial scale of those agreements is the most important number in O'Malley's note: SanDisk has secured $42 billion in minimum contractual revenue and $11 billion in financial guarantees from these deals, TipRanks confirmed. That is not a cyclical trade. It is a contracted revenue floor that reduces the binary risk embedded in most memory stock calls. "We see Memory/Storage as the most attractive vertical below accelerators," O'Malley said, according to CNBC. That framing positions SanDisk directly behind AI accelerators in terms of secular demand strength, a significant st...

Shares of rival data storage firms NetApp and Everpure are rallying ahead of earnings reports due Thursday. NetApp stock broke out during Friday's session but pulled back Tuesday. Meanwhile, shares of Everpure, formerly Pure Storage, are approaching an entry with gains Tuesday.

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia. The price of WTI crude fell over -1% on Wednesday after Reuters reported that two Chinese supertankers transited the Strait of Hormuz early in the day and a third, South Korean-flagged vessel, was also exiting the waterway. U.S. President Donald Trump suggested on Tuesday that the war with Iran could end “very quickly,” while also cautioning that the U.S. could restart military strikes. “I hope we don’t have to do the war, but we may have to give them another big hit,” Trump told reporters. Meanwhile, Iran warned on Wednesday that it would expand the war beyond the Middle East if the U.S. attacks again. NVDA Earnings Bull Put Spread has a High Probability of Success This High-Yield REIT Just Hiked Its Dividend By 7.1%. Its Shares Look Compelling Here. Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Treasury yields fell across the curve on Wednesday, with the 10-year rate sliding three basis points to 4.64%. With traders still strongly leaning toward a Fed rate hike in December, markets remain highly sensitive to signs of escalation or de-escalation in the Middle East. In yesterday’s trading session, Wall Street’s major indexes closed lower. Most members of the Magnificent Seven stocks slid, with Alphabet (GOOGL) and Amazon.com (AMZN) falling over -2%. Also, travel stocks slumped on worries about higher fuel costs, with Carnival (CCL) sliding over -4% and United Airlines Holdings (UAL) slipping more than -3%. In addition, Akamai Technologies (AKAM) sank over -6% and was the top percentage loser on the S&P 500 after the company announced a $2.6 billion convertible notes offering. On the bullish side, some chip and AI infrastructure stocks advanced, with Marvell Technology (MRVL) climbing more than +4% to lead gainers in the Nasdaq 100 and Sandisk (SNDK) rising over +3%. Economic data released on Tuesday showed that U.S. pending home sales rose +1.4% m/m in April, stronger than expectations of +1.0% m/m. Economists,...

This is a red-hot market that needs Nvidia (NVDA) to have a huge earnings day on Wednesday evening. Or else. Nvidia is the straw that stirs the market’s drink: Sure, the main AI stories that have captivated investor minds this year include Intel (INTC) showing signs of life and stock explosions at SanDisk (SNDK) and Micron (MU) because of memory chip shortages. But the reality is that Nvidia remains the main driver of the broader market due to its outright size. Nvidia accounts for a leading 9% of the S&P 500's (^GSPC) market cap weight, according to data from Goldman Sachs strategist Ben Snider. The stock has contributed 20% of the aggregate S&P 500's year-to-date return. Shares are up 21% year to date, outperforming the S&P 500’s 7% advance. Alphabet (GOOG, GOOGL) is second on the contribution front, and the aforementioned Micron is a distant third. Stocks at a glance: AI optimism — in large part powered by strong demand signals from Nvidia customers— has lifted the S&P 500’s return to 10% year to date. Technology has accounted for 85% of the benchmark index’s return. The S&P 500 excluding technology has returned just 3%. “With AI and momentum [stocks] moving hand in hand and driving the direction of the S&P 500, many investors have expressed the view that the equity market today is one big trade rather than a market of stocks,” Snider said. Wall Street chatter on Nvidia ahead of earnings: All indications suggest Nvidia will have a strong earnings day this week. Hyperscalers such as Microsoft (MSFT) and Meta (META) have aggressively lifted their 2026 capital expenditure plans. Taiwan Semiconductor (TSM) has put up impressive results, and Intel looks to be close to getting foundry business from Apple (AAPL) at long last. Yahoo Finance data shows analyst profit estimates on Nvidia have risen for this year and next over the past 60 days. Price targets on the stock have also maintained an upward bias. “We expect a beat-and-raise quarter given positive industry supply and demand datapoints but believe the bar for stock outperformance is relatively high heading into the print,” Goldman Sachs analyst James Schneider said in a note. “Although the stock has lagged peers and now trades at a meaningful discount relative to history, we believe the stock’s multiple can re-rate if we see evidence of: (1) improving profitability metrics at hyperscalers that supports sust...

The stock market is near highs but oil prices and yields are headwinds with Trump issuing new Iran threats. Nvidia and Walmart earnings loom.

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%. Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target How Intel Stock Could Be the Biggest Winner from AMD’s Explosive Earnings Win Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low. US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations. US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y. The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5. The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%. In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other milita...

By Noel Randewich May 8 (Reuters) - The S&P 500 and the Nasdaq notched record highs on Friday, boosted by gains in Nvidia, Sandisk and other AI-related stocks, while a stronger-than-expected jobs report pointed to labor market resilience. Nvidia climbed 1.8%, while memory and ‌storage sellers Micron Technology and Sandisk soared more than 15% each, lifted by strong demand from the rapid buildout of AI ‌data centers. The Philadelphia SE Semiconductor index jumped, bringing its gain so far in the second quarter to 55%. The S&P 500 and the Nasdaq have surged to record highs this week as investors focused on strong financial reports from U.S. companies, setting aside concerns that high oil prices related to the Middle East conflict are fueling inflation. First-quarter S&P 500 earnings are on track to climb almost 29% year-over-year, with much of that growth fueled by Wall Street's AI-related heavyweights, according to LSEG I/B/E/S. "This is an economy that seems hard to wreck," said Rob Williams, chief investment strategist at Sage Advisory Services in Austin, Texas. "It's the productivity story, ‌the spending, the consumer wealth effect and the earnings." Data ⁠showed U.S. employment increased more than expected in April and the unemployment rate held steady at 4.3%, reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time. Traders expect the central bank will hold ⁠interest rates steady in the 3.50% to 3.75% range until the end of the year. The S&P 500 climbed 0.84% to end the session at 7,398.93 points. The Nasdaq gained 1.71% to 26,247.08 points, while the Dow Jones Industrial Average rose 0.02% to 49,609.16 points. The S&P 500 technology index jumped 2.7%, while the utilities sector index fell 0.9%. The S&P 500 and the Nasdaq notched their sixth straight weekly gains, the longest such winning streak since October 2024. The Dow ‌has logged two consecutive weekly advances. The S&P 500 has now gained 8% in 2026, while the Nasdaq has rallied 13%. The earnings optimism helped investors look past fresh attacks between U.S. and Iranian forces in the Gulf. Brent crude rose above $100 a barrel as hopes faded for a quick resolution to the Middle East conflict and the gradual reopening of the Strait of Hormuz, a key transit route for oil and liquefied natural gas. The U.S. said it expected a response from Tehran to its lates...

Futures rose. President Trump "paused" his Hormuz opening effort. AI plays AMD, Astera Labs, Lumentum, Arista were earnings movers late.

Here’s a number that makes you look twice: in a single quarter, SanDisk (NASDAQ: SNDK) generated nearly $3 billion in free cash flow, posted EPS of $23.41 vs estimates of $14.62, and then guided the next quarter to as much as $8.25 billion in revenue. About a year ago, the stock was at $40. Now it’s around $1,400. That’s not hype, it’s timing, execution, and a massive shift in demand all lining up. See, SanDisk’s Surge Explained: What’s Fueling the Move? The Quarter That Changed The Story The April 30 Q3 FY2026 report was the turning point. Revenue hit $5.95 billion, up 97% sequentially and 251% year over year. EPS came in at $23.41, a roughly 60% beat. The real driver was data centers. Enterprise SSD revenue jumped 233% sequentially to $1.467 billion, now 25% of total revenue, up from about 10% just a quarter ago. Margins expanded sharply too, with gross margin at 78.4% and free cash flow at $2.955 billion. But the bigger shift is structural. SanDisk locked in $42 billion in multi year supply agreements with over $11 billion in guarantees. That covers more than a third of fiscal 2027 output. It is starting to look less like a cyclical chip business and more like a predictable cash machine. And Then Guidance Blew It Open Management did not slow things down. Q4 guidance came in at $7.75 billion to $8.25 billion in revenue and $30 to $33 EPS. Think about that trajectory. Guided Q3 at $12 to $14. Delivered $23.41. Now guiding $30 to $33. Each quarter is not just beating expectations, it is resetting them. On top of that, there is a $6 billion buyback backed by a now net cash balance sheet. See also, What GameStop’s $55B Bid For eBay Means For Investors. The Perfect Setup: Spinoff And AI Boom This did not happen overnight. The company spun off from Western Digital Corporation in February 2025, becoming a pure play NAND business at exactly the right time. Then AI demand took off. Hyperscalers like Microsoft, Amazon, and Google started pouring money into AI infrastructure, and all of it needs high performance storage. Demand for enterprise SSDs surged more than 60%, while supply only grew about 15 to 17%. That gap pushed prices and margins sharply higher. See how Sandisk financials compare to Micron, Seagate, Western Digital, NetApp, and Everpure. So What Now? The setup still looks strong. There is $42 billion in contracted revenue, AI demand is not slowing, and n...

Dow Jones Futures: Iran attacks sparked stock market losses Monday. Palantir stock dropped on earnings late.

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Sandisk (NasdaqGS:SNDK) has introduced multi year supply agreements with firm financial guarantees, securing over US$42b in long term commitments. The company is pairing this new contracting model with a US$6b share repurchase program. Management is repositioning the business toward higher value datacenter and AI markets, signaling a shift in how Sandisk participates in the memory industry. For investors, the key change at Sandisk is less about a single quarter and more about how the business gets paid. Multi year, financially guaranteed contracts aim to smooth out the historically sharp swings tied to memory pricing and spot demand. That kind of visibility can matter if you are comparing Sandisk to more traditional, cycle driven storage names. The renewed focus on datacenter and AI customers also reshapes Sandisk’s revenue mix, pushing the company deeper into segments tied to long term compute and data growth. Combined with the US$6b buyback, this move indicates that management is aligning capital allocation and customer relationships around a more contract driven model rather than relying primarily on short term pricing cycles. Stay updated on the most important news stories for Sandisk by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Sandisk. We've flagged 2 risks for Sandisk. See which could impact your investment. ⚖️ Price vs Analyst Target: At US$1,187 the share price sits around 2.8% below the US$1,220.95 analyst target, within the typical 10% band. ✅ Simply Wall St Valuation: Shares are flagged as trading about 74.8% below an estimated fair value, which is a very large implied discount. ✅ Recent Momentum: The 30 day return of about 0.71% is modestly positive. There is only one way to know the right time to buy, sell or hold Sandisk. Head to Simply Wall St's company report for the latest analysis of Sandisk's Fair Value. 📊 The shift to multi year, financially guaranteed contracts and focus on datacenter and AI customers changes how Sandisk earns and secures revenue. 📊 Watch how much of total sales move into these long term agreements, the pace of the US$6b buyback, and how margins behave under the new model. ⚠️ The stock has been flagged for volatile recent share price mov...

Sandisk SNDK delivered third-quarter fiscal 2026 non-GAAP earnings of $23.41 per share, crushing the Zacks Consensus Estimate by 61.4%. The company posted a loss of 30 cents per share in the year-ago quarter. Revenues surged 251% year over year to $5.95 billion and topped the Zacks Consensus Estimate by 43.3%. The top line rose 96.7% sequentially and landed well above management’s prior guidance range of $4.4-$4.8 billion. The year-over-year upside was driven by a mix shift toward higher-value customers and a stronger pricing environment. Operationally, bit shipments were flat year over year and down in the high teens sequentially as Sandisk built inventory. The company said the inventory increase was aimed at supporting the BiCS8 QLC “Stargate” ramp in the fourth quarter and preparing for recently signed multi-year supply partnerships. Sandisk’s Datacenter revenues surged 233% sequentially and 644.7% year over year to $1.467 billion, reflecting what management described as a deliberate shift toward its most strategic and fastest-growing end market. The company said fiscal third-quarter results benefited from strong demand for its TLC-based enterprise SSD portfolio, which is used in performance-intensive compute workloads where latency and speed matter. Sandisk Corporation price-consensus-eps-surprise-chart | Sandisk Corporation Quote Sandisk expects to begin shipping its QLC Stargate solutions for revenue in the fiscal fourth quarter. Management tied the Datacenter opportunity to AI infrastructure buildouts, citing rising requirements for low-latency flash storage as inference workloads scale and techniques like KV cache and retrieval-augmented generation increase flash demand. SNDK’s Edge revenue jumped 118.3% sequentially and 295.1% year over year to $3.663 billion. Management pointed to a continued shift toward premium PCs and smartphones, where on-device capabilities are driving higher storage requirements and supporting demand for high-performance solutions. The company also emphasized that mix is moving toward higher-value configurations and customers who assign appropriate value to its technology. That mix orientation, along with stronger pricing, was a key contributor to the quarter’s broad-based financial step-up. Sandisk’s Consumer revenues came in at $820 million, down 9.6% sequentially but up 43.6% year over year, which the company said aligned...