Sandisk (SNDK) Stock Analysis

July 23, 2026

This is a peer-relative look at Sandisk (SNDK): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Sandisk (SNDK)
Profile Item	SNDK
Name	SanDisk Corporation
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Technology Hardware, Storage & Peripherals
Market Capitalization	235.37 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	February 13, 2025
Security Type	Common Stock

Price Performance

Cumulative Growth

SNDK

GSPC

Sandisk (SNDK) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Sandisk (SNDK) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Sandisk (SNDK) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Total Return (1Y)	3,719.75%	50.82%
Total Return (3Y, Annualized)	--	23.86%
Total Return (5Y, Annualized)	--	14.34%

Risk Profile

Drawdown History

SNDK

GSPC

Sandisk (SNDK) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Sandisk (SNDK) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Volatility (1Y, Annualized)	109.84%	55.04%
Beta (5Y)	5.04	1.32
Max Drawdown (5Y)	-47.50%	-55.60%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. SNDK is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Sharpe Ratio (1Y)	33.83	0.95
Sortino Ratio (1Y)	60.43	1.40

Profitability

ROE (TTM)

Sandisk (SNDK) posts ROE of 39.30%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

SNDK

Technology Hardware & Equipment industry group

39.30%

Group distribution

Max: 44.16%
SNDK: 39.30%
Q3: 18.89%
Median: 10.96%
Q1: 0.11%
Min: -25.92%

Largest peers

STX: 1,787.97%
AAPL: 141.47%
SNDK: 39.30%
APH: 36.83%
ANET: 31.52%
CSCO: 25.23%
DELL: --

Where Sandisk (SNDK) stands on ROE within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Sandisk (SNDK) keeps 34.19% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

SNDK

Technology Hardware & Equipment industry group

34.19%

Group distribution

SNDK: 34.19%
Max: 27.15%
Q3: 12.01%
Median: 4.40%
Q1: 0.00%
Min: -14.09%

Largest peers

ANET: 38.32%
SNDK: 34.19%
AAPL: 27.15%
STX: 21.60%
CSCO: 19.69%
APH: 17.24%
DELL: 6.28%

Where Sandisk (SNDK) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Sandisk (SNDK) turns 69.98% of revenue into operating profit on operating margin, above the industry benchmark range. Core operations are retaining an unusually large share before interest and taxes, which points to pricing power or tight cost control if the margin is sustainable.

SNDK

Technology Hardware & Equipment industry group

69.98%

Group distribution

SNDK: 69.98%
Max: 32.28%
Q3: 15.14%
Median: 6.42%
Q1: 1.49%
Min: -18.45%

Largest peers

SNDK: 69.98%
ANET: 42.74%
STX: 35.67%
AAPL: 32.28%
APH: 27.31%
CSCO: 24.99%
DELL: 8.86%

Where Sandisk (SNDK) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
ROE (TTM)	39.30%	10.96%
ROA (TTM)	22.82%	4.19%
Net Margin (TTM)	34.19%	4.40%
Operating Margin (TTM)	69.98%	6.42%
Gross Margin (TTM)	56.04%	38.91%

Growth

Revenue Growth

Sandisk (SNDK) grew revenue 10.39%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Sandisk (SNDK): Revenue Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

EPS Growth

No usable EPS growth is available for Sandisk (SNDK) this period, so the earnings-momentum read is skipped.

Sandisk (SNDK) doesn't report EPS Growth this period; the bars show the Technology Hardware & Equipment industry-group medians on their own.

Growth Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Revenue Growth (YoY)	10.39%	8.73%
Revenue Growth (3Y CAGR)	--	1.90%
EPS Growth (YoY)	--	10.07%
EPS Growth (3Y CAGR)	--	3.15%

Financial Strength

Current Ratio (MRQ)

Sandisk (SNDK) has current ratio of 4.78, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

SNDK

Technology Hardware & Equipment industry group

4.78

Group distribution

Max: 5.80
SNDK: 4.78
Q3: 3.15
Median: 1.96
Q1: 1.29
Min: 0.40

Largest peers

SNDK: 4.78
ANET: 2.83
APH: 1.71
STX: 1.33
AAPL: 1.07
DELL: 0.95
CSCO: 0.93

Where Sandisk (SNDK) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Sandisk (SNDK) has debt-to-equity ratio of 0.02, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

SNDK

Technology Hardware & Equipment industry group

0.02

Group distribution

Max: 2.02
Q3: 0.88
Median: 0.31
Q1: 0.06
SNDK: 0.02
Min: 0.00

Largest peers

STX: 3.82
APH: 1.33
AAPL: 0.80
CSCO: 0.68
SNDK: 0.02
DELL: --
ANET: --

Where Sandisk (SNDK) stands on debt-to-equity ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Current Ratio (MRQ)	4.78	1.96
Debt / Equity (MRQ)	0.02	0.31
Net Debt / EBITDA	-0.63	0.95

Dividends

Dividend Yield (TTM)

Sandisk (SNDK) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

SNDK

Technology Hardware & Equipment industry group

0.00%

Group distribution

Max: 0.84%
Q3: 0.36%
SNDK: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.49%
DELL: 0.58%
APH: 0.55%
STX: 0.36%
AAPL: 0.32%
SNDK: 0.00%
ANET: 0.00%

Where Sandisk (SNDK) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Sandisk (SNDK) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

SNDK

Technology Hardware & Equipment industry group

0.00%

Group distribution

Max: 37.10%
Q3: 15.24%
SNDK: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 55.00%
STX: 27.70%
APH: 23.85%
DELL: 17.57%
AAPL: 12.59%
SNDK: 0.00%
ANET: 0.00%

Where Sandisk (SNDK) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Sandisk (SNDK) trades at P/E ratio of 47.62, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

SNDK

Technology Hardware & Equipment industry group

47.62

Group distribution

Max: 144.77
Q3: 72.63
SNDK: 47.62
Median: 37.17
Q1: 22.68
Min: 8.96

Largest peers

STX: 76.36
ANET: 58.19
SNDK: 47.62
APH: 43.24
AAPL: 39.53
CSCO: 37.39
DELL: 30.39

Where Sandisk (SNDK) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Sandisk (SNDK) trades at 17.85 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

SNDK

Technology Hardware & Equipment industry group

17.85

Group distribution

SNDK: 17.85
Max: 16.05
Q3: 7.77
Median: 3.47
Q1: 1.40
Min: 0.00

Largest peers

ANET: 22.64
STX: 18.33
SNDK: 17.85
AAPL: 10.66
APH: 7.49
CSCO: 7.28
DELL: 1.95

Where Sandisk (SNDK) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Sandisk (SNDK) trades at 17.07 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

SNDK

Technology Hardware & Equipment industry group

17.07

Group distribution

SNDK: 17.07
Max: 17.07
Q3: 8.65
Median: 3.87
Q1: 2.08
Min: -0.84

Largest peers

STX: 182.75
AAPL: 45.14
SNDK: 17.07
ANET: 16.30
APH: 13.88
CSCO: 9.05
DELL: -186.85

Where Sandisk (SNDK) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
P/E Ratio (TTM)	47.62	37.17
P/S Ratio (TTM)	17.85	3.47
P/B Ratio (MRQ)	17.07	3.87
Free Cash Flow Yield (TTM)	0.96%	1.98%