SanDisk
SNDKMarket price data through August 21, 2026.
Performance
Feb 2025 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +196%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$539
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- January 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 6 months
- How long Benson has been tracking this pick.
About SanDisk
Sandisk makes the flash memory chips that store the enormous amounts of data AI systems create and use. They spun off from Western Digital in 2025 and just closed a fiscal year where sales nearly tripled. Whether it is a cloud company training an AI model or the SD card in your camera, there is a good chance Sandisk made the chip holding that data.
The case for and against
Both sides of the story, in plain English.
- Record Blowout
Fourth quarter revenue hit 8.97 billion dollars, up 51% from the prior quarter and up 372% from a year ago. Gross margins climbed to 84.6%, meaning almost 85 cents of every dollar in sales is profit before expenses. Full year revenue landed at 20.25 billion dollars, up 175%, with 11.43 billion dollars of profit.
- Data Center Engine
The data center business doubled again this quarter to nearly 3 billion dollars, and grew 437% for the full year to 5.15 billion dollars. Sandisk has now signed ten multi-year supply deals with big customers, locking in demand instead of riding volatile spot prices. Management guided next quarter to 10.3 to 10.8 billion dollars in revenue, another big step up.
- Cycle Risk
Two thirds of this quarter's growth came from higher prices, not selling more chips. Memory pricing always cycles, and today's 84.6% margins are far above the 26.2% Sandisk earned just a year ago. When new supply arrives, those margins can fall as fast as they rose.
- Consumer Slump
The consumer business fell 32% this quarter to 556 million dollars, showing that everyday shoppers are getting squeezed out by higher prices. Data center and edge customers now make up over 90% of sales, so any pause in AI spending would land hard. The company is also spending big on buybacks, with 15.5 billion dollars authorized, which leaves less cushion if the cycle turns.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-21. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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