Demand and volumepositive · 5 filings
“DIO increased 43 days over the prior year, primarily due to inventory builds to meet demand.”10-K · Aug 17, 2026 ↗
Sandisk Corporation
SNDK
Market read
Sandisk Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
Company-3.6% todayVolume comparison unavailable
Market group0 of 5 activeTechnology Hardware · unavailable
Disclosed network0 of 7 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Higher pricing was a primary driver of the 41-point gross-margin expansion and the annual profit turnaround.
- Inventory days increased 43 days, and Sandisk attributed the change to builds intended to meet demand.
Invalidation: The isolated read changes if SNDK's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Higher pricing was a primary driver of the 41-point gross-margin expansion and the annual profit turnaround.
- Inventory days increased 43 days, and Sandisk attributed the change to builds intended to meet demand.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods4
Price observations396
Usable filing statements133
Verified relationships9
Evidence supporting the case
- Latest annual revenue changed +175.3% year over year.
- Operating margin changed +79.9 percentage points in the latest annual period.
- Net margin changed +78.8 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.02x in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Product pipeline and R&D has repeated favorable evidence across 5 filings.
- Pricing and mix has repeated favorable evidence across 4 filings.
- Restructuring and cost reductions has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Diluted shares increased 6.9% in the latest annual period.
- Capital investment and capacity has repeated adverse evidence across 3 filings.
Questions before a position
- P/E is 22% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
1,632.996m+163.9%12m+2109.1%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2023-06-30$6.1B—$-14.78—
2024-06-28$6.7B+9.5%$-4.63+0.0%
2025-06-27$7.4B+10.4%$-11.32+0.0%
2026-07-03$20.2B+175.3%$73.76+6.9%
What management says matters
Persistent and emerging business drivers
Product pipeline and R&Dpositive · 5 filings
“Operating Expenses Research and development Research and development (“R&D”) expenses increased $196 million in 2026 compared to 2025 , primarily due to a $136 million increase in compensation and benefits due to variable compensation associated with company…”10-K · Aug 17, 2026 ↗
Pricing and mixpositive · 4 filings
“Gross profit margin increased 4,100 basis points in 2026 compared to 2025 primarily due to higher sales and higher pricing.”10-K · Aug 17, 2026 ↗
Restructuring and cost reductionsmixed · 4 filings
“47 Table of Contents Goodwill impairment Goodwill impairment decreased $1.8 billion in 2026 compared to 2025 due to an impairment charge resulting from the difference between the carrying value of our reporting unit and its fair value that was recognized in t…”10-K · Aug 17, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 12.5× · EV/sales 12.3×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
1,630.08-3.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 16:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SNDK. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SNDK. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SNDK
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
KXIAYFiling-linked namesupplierMay 1, 2026 ▾
“r other committed expenses, including research and development and building depreciation and payments made directly to Kioxia in consideration for the manufacturing services and continued availability of supply.”
WDCWestern Digital CorporationsupplierAug 21, 2025 ▾
“Subsequent to and in connection with the Transaction, Western Digital Technologies, Inc.”
Depended on by
MUMicron Technology, Inc.competitorJun 25, 2026 ▾
“We face intense competition in the semiconductor memory and storage markets from a number of companies, including Samsung Electronics Co., Ltd.; SK hynix Inc.; Kioxia Holdings Corporation; Sandisk Corporation; ChangXin Memory Technologies, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SNDK is currently a Follower in the organic co-movement group Technology Hardware. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.