Sandisk Corporation (SNDK) authorized a $15.5 billion stock buyback, signaling management thinks shares are undervalued and that reduced share count could boost EPS and investor confidence.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $7.36B | $6.66B | $6.09B | $9.75B | $9.75B |
| Cost of Revenue | $5.14B | $5.59B | $5.66B | $6.51B | $6.51B |
| Gross Profit | $2.21B | $1.07B | $430.00M | $3.24B | $3.24B |
| Gross Margin | 30.07% | 16.09% | 7.07% | 33.26% | 33.26% |
| Operating Expenses | $3.59B | $1.54B | $2.46B | $2.04B | $2.04B |
| Operating Income | $-1.38B | $-468.00M | $-2.04B | $1.20B | $1.20B |
| Operating Margin | -18.72% | -7.02% | -33.44% | 12.30% | 12.30% |
| Net Income | $-1.64B | $-672.00M | $-2.14B | $1.06B | $1.06B |
| Net Margin | -22.31% | -10.09% | -35.21% | 10.91% | 10.91% |
| EPS (Basic) | $-11.32 | $-4.67 | $-14.88 | $7.39 | $7.39 |
| EBITDA | $-1.25B | $-220.00M | $-847.00M | $1.74B | N/A |
| Stock Option Compensation Expense | $182.00M | $149.00M | $165.00M | $171.00M | N/A |
| Price To Earnings Ratio | -4.17 | -7.71 | -2.42 | 4.87 | 4.87 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $6.84B | $5.18B | $5.18B | $5.18B | $5.18B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $12.98B | $13.51B | $13.82B | $15.76B | $15.76B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.77B | $2.42B | $2.38B | $2.78B | $2.78B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $9.22B | $11.08B | $11.44B | $12.98B | $12.98B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $9.22B | $11.08B | $11.44B | $12.98B | $12.98B |
| Total Liabilities & Stockholders Equity | $12.98B | $13.51B | $13.82B | $15.76B | $15.76B |
| Book Value Per Share | $63.56 | $76.96 | $79.44 | $90.12 | $90.12 |
| Tangible Book Value Per Share | $29.08 | $26.91 | $29.35 | $34.42 | $34.42 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -12.64% | -4.98% | -15.51% | 6.75% | 6.75% |
| Return on Equity | -17.81% | -6.06% | -18.73% | 8.20% | 8.20% |
| Return on Invested Capital | -11.89% | -3.83% | -16.18% | 7.29% | 7.29% |
| Quick Ratio | 2.11 | 0.75 | 0.52 | 0.99 | 0.99 |
| Current Ratio | 3.56 | 1.67 | 1.56 | 1.79 | 1.79 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Income | $-1.64B | $-672.00M | $-2.14B | $1.06B | $1.06B |
| Depreciation | $163.00M | $224.00M | $448.00M | $525.00M | N/A |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $84.00M | $-309.00M | $-713.00M | $1.15B | $1.15B |
| Capital Expenditures | $204.00M | $166.00M | $219.00M | $410.00M | N/A |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $0.00 | $0.00 | $0.00 | $0.00 | N/A |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $0.00 | $0.00 | $0.00 | $0.00 | N/A |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $-120.00M | $-475.00M | $-932.00M | $741.00M | N/A |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
Company coverage
SanDisk Corporation specializes in designing, manufacturing, and supplying storage solutions and devices leveraging advanced NAND flash technology. Its diverse product line features solid-state drives (SSDs), embedded memory solutions, removable memory cards, universal serial bus (USB) devices, and underlying wafers and components. Founded on June 1, 1988, the company maintains its principal executive offices in Milpitas, California.
Why it moved over time
Sandisk Corporation's $15.5 billion stock buyback authorization signals management thinks shares are cheap, providing a capital-return catalyst that likely drives investor interest.
Key fact: Company authorized a $15.5 billion stock buyback.
The Motley Fool: Sandisk Is Up 429% This Year -- Its $15.5 Billion Stock Buyback Suggests Management Thinks Shares Are Still CheapSandisk Corporation authorized a $15.5 billion stock buyback, signaling management confidence and likely supporting EPS and valuation amid surging AI-driven data-center revenue.
Key fact: Company authorized a $15.5 billion stock buyback; data-center revenue grew 437% year-over-year.
The Motley Fool: Sandisk Is Up 429% This Year -- Its $15.5 Billion Stock Buyback Suggests Management Thinks Shares Are Still CheapSandisk Corporation's quarterly report included fiscal Q1 2027 revenue guidance of $10.3–$10.8 billion, slightly below Street expectations, raising concerns about near-term demand and earnings visibility.
Key fact: Issued fiscal Q1 2027 revenue guidance of $10.3 billion to $10.8 billion versus consensus of about $10.8 billion.
proactiveinvestors.com: Sandisk delivers quarterly revenue beat on strong AI data center demandSanDisk's Q4 report beat estimates—$39.25 adjusted EPS and $8.97B revenue—cited record margins and AI/data-center NAND demand, making the quarterly beat and outlook the likely catalyst.
Key fact: Adjusted EPS $39.25 vs. ~$34.96 estimate; revenue $8.97B beat consensus; company cited growing NAND demand tied to AI inference workloads and data-center expansion.
benzinga.com: US Foods, SanDisk And 3 Stocks To Watch Heading Into ThursdaySandisk's recent product announcements—industry‑leading QLC with ~60% higher bit density and disclosed OCP specs for High Bandwidth Flash with partner involvement—signal nearer commercialization and larger AI-memory market opportunity.
Key fact: Kioxia and Sandisk announced a new QLC 3D flash technology delivering up to a 60% increase in bit density, surpassing 37 Gb/mm².
seekingalpha.com: Sandisk Just Announced Its Next Game ChangerLikely driven by positioning ahead of Sandisk's fiscal Q4 earnings, with investors focused on AI-driven SSD demand, firmer NAND pricing and whether recent margin strength is sustainable.
Key fact: Multiple Aug. 3 previews and analyst pieces flagged Q4 results, margin guidance, and AI-driven SSD demand as near-term catalysts.
fool.com: Why Sandisk Stock Tumbled 47% in JulySandisk shares are drifting lower after a multi-day selloff sparked by competitor CXMT's massive Shanghai IPO and investor fears Chinese competition and cuts to AI spending will pressure NAND prices and margins.
Key fact: Chinese chipmaker CXMT's Shanghai IPO debuted with a roughly $487 billion market cap and surged, triggering investor concern about new NAND competition.
The Motley Fool: Sandisk Trades at 43 Times Earnings and 7 Times Next Year's Earnings Estimates. What Has to Go Right for the Cheap Number to Win?