COMPOSITE RISK SCORE
62
MODERATE
VAL:15/25 · FIN:6/25 · GRO:21/25 · TECH:20/25
📖 P/B RATIO
14.4x
Price to Book
🏛 MARKET CAP
$146.7B
Large Cap
📊 ROE
-9.4%
Return on Equity
Overview
Technical
Financials
Analysis
Verdict
🏢 Company Analysis · Sandisk Corporation
💼 BUSINESS MODEL
Sandisk Corporation develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally.. The company offers solid state drives for desktop and notebook PCs, gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, industrial, and connected home applications, as well as removable cards, universal serial bus drives, and wafers and components.. It sells its products to computer manufacturers and original equipment manufacturers, datacenters, private cloud customers, cloud service providers, resellers, distributors, and retailers through its sales personnel, dealers, distributors, retailers, and subsidiaries.. Sandisk Corporation was incorporated in 2024 and is based in Milpitas, California.. Operates in Computer Hardware within the Technology sector. Workforce of 11,000 employees.
🏰 MOAT & COMPETITION
Large-cap ($147B) — established player with meaningful market presence.
🚀 CATALYSTS
Revenue growing at 61% — strong top-line momentum. Earnings growth of 618% signals execution on profitability.
⚖️ ASYMMETRY CHECK
Analyst target range: $600 — $1,800 (mean $968, 21 analysts). Favorable asymmetry — upside potential of +81% vs downside floor of -40% (2.0x reward-to-risk).P/E of 8.4x — low valuation floor , limited downside from de-rating.
🔭 FUTURE OUTLOOK
Analyst consensus: Buy (21 analysts). Latest quarter earnings grew 672% YoY — positive trajectory.
P/E at 8x
P/B at 14.4x
Analyst target: $967.67 (-2.6%)
1Y return: +2980.2%
ROE: -9.4%
Profit margin: -11.7%
Revenue growth: 61.2%
Debt/Equity: 8%
Revenue growth: 61.2%
Earnings growth: 618.0%
Beta: 0.00
Sector: Technology
RSI, MACD, MA crossovers
200 DMA & 50 EMA position
Volume trend analysis
Price momentum signals
📈 Price Movement
1D 1W 1M
6M 1Y 3Y 5Y
🕯 Candlestick Chart
1D 1W 1M
6M 1Y 3Y 5Y
🎯 Price Prediction · Analyst Target Cone
📉 Valuation Trends (at current CMP)
P/E P/B MCap/Sales EPS
P/E data unavailable
18.3
16.5
14.8
13.0
11.3
2024
2025
2024: 13.2 2025: 15.9 15.9
27.7
25.0
22.3
19.6
17.0
2023
2024
2025
2023: 24.1 2024: 22.0 2025: 19.9 19.9
Insufficient EPS data
💎 Valuation & Financial Metrics
P/E RATIO
8.4x
Trailing twelve months
P/B RATIO
14.4x
Price to Book value
PROFIT MARGIN
-11.7%
Net profit margin
OPM
35.5%
Operating profit margin
ANALYST TARGET
$967.67
Range: $600.00 - $1,800.00
PEG RATIO
N/A
Price/Earnings to Growth
EV/EBITDA
110.3x
Enterprise value ratio
CURRENT RATIO
3.11
Liquidity measure
DIVIDEND YIELD
N/A
Annual yield
GROSS MARGIN
34.8%
Gross profit margin
SECTOR BENCHMARKS — COMPUTER HARDWARE
P/E (fair) 35.0x (sector mid)
P/B (fair) 8.0x (sector mid)
ROE (good) 25% (sector target)
OPM (good) 25% (sector target)
D/E comfort <20 (sector)
📋 Quarterly Performance Trend
Quarter Revenue QoQ % Net Profit QoQ % Op. Cash Flow EBITDA Margin
Q4 '24
$1.9B —
$104.0M —
$95.0M
11.4%
Q1 '25
$1.7B -9.6%
$-1.9B -1958.7%
$26.0M
-109.0%
Q2 '25
$1.9B +12.2%
$-23.0M +98.8%
$94.0M
3.1%
Q3 '25
$2.3B +21.4%
$112.0M +587.0%
$488.0M
8.7%
Q4 '25
$3.0B +31.1%
$803.0M +617.0%
$1.0B
33.1%
📊 Year-on-Year Trend
FY Revenue YoY % Net Profit YoY % Op. Cash Flow YoY %
2023
$6.1B —
$-2.1B —
$-713.0M —
2024
$6.7B +9.5%
$-672.0M +68.6%
$-309.0M +56.7%
2025
$7.4B +10.4%
$-1.6B -144.2%
$84.0M +127.2%
📈 Revenue vs Earnings
Quarterly
Annual
💰 How Sandisk Corporation Makes Its Money
Quarterly
Annual
Revenue
$3.0B
Cost of Revenue
$1.5B
Gross Profit
$1.5B
R&D
$327M
SG&A
$139M
Operating Inc.
$1.1B
Tax
$134M
Interest
$25M
Other
$125M
Net Income
$803M
(26.5% margin)
Dec 2025 · All values in $ Millions
Revenue
$2.3B
Cost of Revenue
$1.6B
Gross Profit
$687M
R&D
$316M
SG&A
$179M
Operating Inc.
$192M
Tax
$12M
Interest
$40M
Other
$44M
Net Income
$112M
(4.9% margin)
Sep 2025 · All values in $ Millions
Revenue
$1.9B
Cost of Revenue
$1.4B
Gross Profit
$498M
R&D
$285M
SG&A
$162M
Operating Inc.
$51M
Interest
$41M
Other
$39M
Net Income
-$23M
(-1.2% margin)
Jun 2025 · All values in $ Millions
Revenue
$1.7B
Cost of Revenue
$1.3B
Gross Profit
$382M
R&D
$285M
SG&A
$139M
Operating Inc.
-$42M
Tax
$32M
Interest
$16M
Other
$1.8B
Net Income
-$1.9B
(-114.0% margin)
Mar 2025 · All values in $ Millions
Revenue
$7.4B
Cost of Revenue
$5.1B
Gross Profit
$2.2B
R&D
$1.1B
SG&A
$573M
Operating Inc.
$507M
Tax
$162M
Interest
$63M
Other
$1.9B
Net Income
-$1.6B
(-22.3% margin)
Jun 2025 · All values in $ Millions
Revenue
$6.7B
Cost of Revenue
$5.6B
Gross Profit
$1.1B
R&D
$1.1B
SG&A
$455M
Operating Inc.
-$444M
Tax
$169M
Interest
$40M
Net Income
-$672M
(-10.1% margin)
Jun 2024 · All values in $ Millions
Revenue
$6.1B
Cost of Revenue
$5.7B
Gross Profit
$430M
R&D
$1.2B
SG&A
$558M
Operating Inc.
-$1.3B
Tax
$141M
Interest
$31M
Other
$697M
Net Income
-$2.1B
(-35.2% margin)
Jun 2023 · All values in $ Millions
Dec 2025
Sep 2025
Jun 2025
Mar 2025
🏦 Snapshot of Sandisk Corporation's Balance Sheet
Quarterly
Annual
Total Assets
$13.0B
Cash & Equiv.: $1.5B (11.8%)
Receivables: $1.2B (9.5%)
Inventory: $2.0B (15.2%)
Other Current: $402M (3.1%)
PP&E: $631M (4.9%)
Goodwill: $5.0B (38.4%)
Other Non-Curr.: $2.2B (17.1%)
Liab. + Equity
$13.0B
Current Liab.: $1.7B (12.7%)
Long-Term Debt: $583M (4.5%)
Other Liab.: $548M (4.2%)
Equity: $10.2B (78.6%)
As of Dec 2025 · All values in $ Millions
Total Assets
$12.7B
Cash & Equiv.: $1.4B (11.3%)
Receivables: $1.2B (9.4%)
Inventory: $1.9B (15.0%)
Other Current: $442M (3.5%)
PP&E: $630M (4.9%)
Goodwill: $5.0B (39.2%)
Other Non-Curr.: $2.1B (16.8%)
Liab. + Equity
$12.7B
Current Liab.: $1.5B (11.9%)
Long-Term Debt: $1.3B (10.4%)
Other Liab.: $521M (4.1%)
Equity: $9.4B (73.6%)
As of Sep 2025 · All values in $ Millions
Total Assets
$13.0B
Cash & Equiv.: $1.5B (11.4%)
Receivables: $1.1B (8.2%)
Inventory: $2.1B (16.0%)
Other Current: $458M (3.5%)
PP&E: $619M (4.8%)
Goodwill: $5.0B (38.5%)
Other Non-Curr.: $2.3B (17.6%)
Liab. + Equity
$13.0B
Current Liab.: $1.4B (11.0%)
Long-Term Debt: $1.8B (14.1%)
Other Liab.: $513M (4.0%)
Equity: $9.2B (71.0%)
As of Jun 2025 · All values in $ Millions
Total Assets
$13.0B
Cash & Equiv.: $1.5B (11.6%)
Receivables: $979M (7.6%)
Inventory: $2.2B (16.7%)
Other Current: $444M (3.4%)
PP&E: $603M (4.7%)
Goodwill: $5.0B (38.6%)
Other Non-Curr.: $2.3B (17.5%)
Liab. + Equity
$13.0B
Current Liab.: $1.4B (10.6%)
Long-Term Debt: $1.9B (14.9%)
Other Liab.: $497M (3.8%)
Equity: $9.2B (70.7%)
As of Mar 2025 · All values in $ Millions
Total Assets
$13.0B
Cash & Equiv.: $1.5B (11.4%)
Receivables: $1.1B (8.2%)
Inventory: $2.1B (16.0%)
Other Current: $458M (3.5%)
PP&E: $619M (4.8%)
Goodwill: $5.0B (38.5%)
Other Non-Curr.: $2.3B (17.6%)
Liab. + Equity
$13.0B
Current Liab.: $1.4B (11.0%)
Long-Term Debt: $1.8B (14.1%)
Other Liab.: $513M (4.0%)
Equity: $9.2B (71.0%)
As of Jun 2025 · All values in $ Millions
Total Assets
$13.5B
Cash & Equiv.: $328M (2.4%)
Receivables: $935M (6.9%)
Inventory: $2.0B (14.5%)
Other Current: $330M (2.4%)
PP&E: $791M (5.9%)
Goodwill: $7.2B (53.4%)
Other Non-Curr.: $2.0B (14.5%)
Liab. + Equity
$13.5B
Current Liab.: $2.1B (15.7%)
Long-Term Debt: $171M (1.3%)
Equity: $11.1B (82.1%)
As of Jun 2024 · All values in $ Millions
Dec 2025
Sep 2025
Jun 2025
Mar 2025
💸 Looking into Sandisk Corporation's Cash Flow
Quarterly
Annual
Operating CF
$1.0B
Capital Exp.
$39M
Free Cash Flow
$980M
Debt Repaid
$750M
Retained / Other
$230M
FY2025 · All values in $ Millions
Operating CF
$488M
Capital Exp.
$50M
Free Cash Flow
$438M
Debt Repaid
$500M
FY2025 · All values in $ Millions
Operating CF
$94M
Capital Exp.
$45M
Free Cash Flow
$49M
Debt Repaid
$100M
FY2025 · All values in $ Millions
Operating CF
$26M
Capital Exp.
$44M
FY2025 · All values in $ Millions
Operating CF
$84M
Capital Exp.
$204M
FY2025 · All values in $ Millions
FY2025
FY2025
FY2025
FY2025
🎯 EPS: Estimate vs Actual
Estimates
Quarterly
Annual
📅 Quarterly Results
Item Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Total Revenue $3.02B $2.31B $1.90B $1.70B $1.88B Cost of Revenue $1.48B $1.62B $1.40B $1.31B $1.27B Gross Profit $1.54B $687.0M $498.0M $382.0M $606.0M Operating Expense $466.0M $495.0M $447.0M $424.0M $421.0M Operating Income $1.07B $192.0M $51.0M $-42.0M $185.0M Interest Expense $25.0M $40.0M $41.0M $16.0M $4.0M Pretax Income $937.0M $124.0M $-18.0M $-1.90B $173.0M Tax Provision $134.0M $12.0M $5.0M $32.0M $69.0M Net Income $803.0M $112.0M $-23.0M $-1.93B $104.0M EBITDA $1.00B $200.0M $59.0M $-1.85B $213.0M EPS (Basic) $5.46 $0.77 $-0.16 $-13.33 $0.72 EPS (Diluted) $5.15 $0.75 $-0.16 $-13.33 $0.72 Shares Outstanding 156.0M 149.0M 145.0M 145.0M 145.0M
📊 Profit & Loss Statement
Item Jun '25 Jun '24 Jun '23 Total Revenue $7.36B $6.66B $6.09B Cost of Revenue $5.14B $5.59B $5.66B Gross Profit $2.21B $1.07B $430.0M Operating Expense $1.71B $1.52B $1.73B Operating Income $507.0M $-444.0M $-1.29B Interest Expense $63.0M $40.0M $31.0M Pretax Income $-1.48B $-503.0M $-2.00B Tax Provision $162.0M $169.0M $141.0M Net Income $-1.64B $-672.0M $-2.14B EBITDA $-1.25B $-239.0M $-1.52B EPS (Basic) $-11.32 $-4.63 $-14.78 EPS (Diluted) $-11.32 $-4.63 $-14.78 Shares Outstanding 145.0M 145.0M 145.0M
🏦 Balance Sheet
Item Jun '25 Jun '24 Total Assets $12.98B $13.51B Current Assets $5.09B $3.55B Cash & Equivalents $1.48B $328.0M Accounts Receivable $1.07B $935.0M Inventory $2.08B $1.96B Non-Current Assets $7.90B $9.96B Property Plant & Equip $619.0M $791.0M Goodwill $5.00B $7.21B Intangible Assets $5.00B $7.21B Total Liabilities $3.77B $2.42B Current Liabilities $1.43B $2.12B Accounts Payable $366.0M $357.0M Short-Term Debt $20.0M $814.0M Long-Term Debt $1.83B — Total Equity $9.22B $11.08B Retained Earnings $-1.78B $0 Book Value/Share 4.22B 3.88B
💰 Cash Flow Statement
Item Jun '25 Jun '24 Jun '23 Operating Cash Flow $84.0M $-309.0M $-713.0M Depreciation & Amort. $163.0M $224.0M $448.0M Change in Working Cap $-380.0M $-86.0M $197.0M Capital Expenditure $-204.0M $-166.0M $-219.0M Free Cash Flow $-120.0M $-475.0M $-932.0M Investing Cash Flow $556.0M $210.0M $-189.0M Acquisitions $402.0M $0 $16.0M Financing Cash Flow $518.0M $136.0M $860.0M Debt Issued $1.97B $0 $0 Debt Repaid $-100.0M $0 $0 Net Change in Cash $1.16B $37.0M $-42.0M
📈 Key Financial Ratios
Ratio FY2025 FY2024 FY2023 Gross Margin % 30.1% 16.1% 7.1% Operating Margin % 6.9% -6.7% -21.3% Net Margin % -22.3% -10.1% -35.2% EBITDA Margin % -17.0% -3.6% -25.0% ROE % -17.8% -6.1% — ROA % -12.6% -5.0% — Debt/Equity % 22.2% 8.9% — Current Ratio 3.56 1.67 — FCF Margin % -1.6% -7.1% -15.3% Asset Turnover 0.57 0.49 —
🚀 Compounded Growth Rates
🏭 Industry Peers — Computer Hardware
Ticker Company Price P/E P/B MCap ROE Margin Rev Growth AAPL Apple Inc. $269.42 34.1 44.9 $3,955.4B 152.0% 27.0% 15.7% MSFT Microsoft Corporation $428.17 26.8 8.1 $3,182.3B 34.4% 39.0% 16.7% GOOGL Alphabet Inc. $349.24 32.2 10.2 $4,224.9B 35.7% 32.8% 18.0% META Meta Platforms, Inc. $669.14 28.5 7.8 $1,698.6B 30.2% 30.1% 23.8% NVDA NVIDIA Corporation $210.50 43.0 32.5 $5,116.2B 101.5% 55.6% 73.2% ORCL Oracle Corporation $166.92 30.0 14.3 $480.1B 57.6% 25.3% 21.7% CRM Salesforce, Inc. $182.33 23.4 2.9 $149.2B 12.4% 18.0% 12.1% ADBE Adobe Inc. $243.86 14.2 8.7 $98.6B 58.8% 29.5% 12.0%
Peers selected from Technology sector · Data from Yahoo Finance
🏛 Shareholding Pattern
TOP HOLDERS
Holder Type Shares % Held FMR, LLC Inst 21,466,285 14.54% Vanguard Group Inc Inst 16,976,485 11.50% Blackrock Inc. Inst 9,624,416 6.52% State Street Corporation Inst 5,281,522 3.58% Geode Capital Management, LLC Inst 3,655,860 2.48% Fidelity Mt. Vernon Street Trust-Fi MF 4,504,332 3.05% VANGUARD INDEX FUNDS-Vanguard Total MF 4,366,736 2.96% VANGUARD INDEX FUNDS-Vanguard 500 I MF 3,511,477 2.38%
🟢 CATALYSTS
🏆 Revenue Growth 61%: Above sector norm of 30% — strong top-line momentum.
💹 Earnings Growth (618%): Above sector norm — strong profit expansion.
🔀 Sector Opportunity: Technology / Computer Hardware — positioned in growth sector.
🔴 RISKS
📜 Below Analyst Target: CMP above mean target — limited upside consensus.
💰 Loss-Making: Negative profit margin — path to profitability unclear.
🔓 Market Risk: Broader market correction or sentiment shift could impact stock.
🕸 Factor Analysis · Radar
Momentum 9/10: 1M +73.6%, 6M +466.3%, RSI 63, MACD bullish, Above 200DMA Sentiment 5/10: Analyst upside -2.6%, Rec: buy Value 3/10: P/B 14.4, EV/EBITDA 110.3 Quality 3/10: ROE -9.4%, Margin -11.7%, D/E 8, CR 3.11 Low Volatility 3/10: Ann. vol 95% Momentum
9
Sentiment
5
Value
3
Quality
3
Low Vol
3
Momentum 9/10 1M +73.6%, 6M +466.3%, RSI 63, MACD bullish, Above 200DMA
Sentiment 5/10 Analyst upside -2.6%, Rec: buy
Value 3/10 P/B 14.4, EV/EBITDA 110.3
Quality 3/10 ROE -9.4%, Margin -11.7%, D/E 8, CR 3.11
Low Volatility 3/10 Ann. vol 95%
🎯 Decision Matrix — Game Theory
Action If Stock Rises If Stock Falls
BUY Benefit from potential re-rating OPM of 36% provides margin buffer HOLD Retain existing position; wait for better entry Miss further upside if momentum continues; 1M return of +73.6% shows momentum SELL Lock in +2980.2% 1Y return Avoid further drawdown
REASONS TO BUY
Revenue growing at 61.2% YoY (sector norm: 12%)
Operating margin of 36% shows pricing power (sector norm: 25%)
REASONS TO SELL / AVOID
1Y return of +2980.2% — profit booking opportunity
Trading above analyst target — consensus sees -2.6% downside
Sandisk Corporation trades at $993.99 with a composite risk score of 62/100.
The stock scores 15/25 on valuation, 6/25 on financial health, 21/25 on growth, and 20/25 on technicals.
The company is currently loss-making with negative return on equity.
Bottom Line: Neutral for Technology — wait for better entry or catalyst. The current recommendation is HOLD .
STRONG GROWTH
CHEAP
LOSS-MAKING