Sandisk (SNDK) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Sandisk (SNDK), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

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.

Performance at a Glance

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
1-Year Return	4,694.43%	69.29%

Risk

Drawdown

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.

Risk at a Glance

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
1-Year Volatility	99.68%	53.66%
Beta	4.88	1.32

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	293.23 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	February 13, 2025
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Sandisk (SNDK) trades at P/E ratio of 67.56, 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

67.56

Group distribution

Max: 171.43
Q3: 83.19
SNDK: 67.56
Median: 39.13
Q1: 23.68
Min: 9.35

Largest peers

STX: 88.50
SNDK: 67.56
ANET: 56.10
CSCO: 40.37
AAPL: 35.20
WDC: 33.67
DELL: 31.54

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.

Price-to-Sales Ratio (TTM)

Sandisk (SNDK) trades at 22.24 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

22.24

Group distribution

SNDK: 22.24
Max: 19.39
Q3: 9.05
Median: 4.10
Q1: 1.42
Min: 0.00

Largest peers

SNDK: 22.24
ANET: 21.17
STX: 19.13
WDC: 16.48
AAPL: 9.47
CSCO: 7.86
DELL: 1.91

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.

Price-to-Book Ratio (MRQ)

Sandisk (SNDK) trades at 21.27 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

SNDK

Technology Hardware & Equipment industry group

21.27

Group distribution

SNDK: 21.27
Max: 17.76
Q3: 9.32
Median: 4.56
Q1: 2.09
Min: -3.27

Largest peers

STX: 190.79
AAPL: 40.10
WDC: 26.91
SNDK: 21.27
ANET: 15.24
CSCO: 9.77
DELL: -182.88

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 at a Glance

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Price-to-Earnings Ratio (TTM)	67.56	39.13
Price-to-Sales Ratio (TTM)	22.24	4.10
Price-to-Book Ratio (MRQ)	21.27	4.56
Free Cash Flow Yield	0.77%	1.95%

Profitability

Return on Equity (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: 19.25%
Median: 10.96%
Q1: 0.71%
Min: -25.92%

Largest peers

STX: 1,787.97%
AAPL: 141.47%
WDC: 85.92%
SNDK: 39.30%
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 Profit 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: 30.43%
Q3: 12.35%
Median: 4.45%
Q1: 0.00%
Min: -14.09%

Largest peers

WDC: 55.29%
ANET: 38.32%
SNDK: 34.19%
AAPL: 27.15%
STX: 21.60%
CSCO: 19.69%
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 Profit 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: 35.67%
Q3: 15.55%
Median: 6.62%
Q1: 1.55%
Min: -18.45%

Largest peers

SNDK: 69.98%
ANET: 42.74%
WDC: 37.01%
STX: 35.67%
AAPL: 32.28%
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 at a Glance

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Return on Equity (TTM)	39.30%	10.96%
Return on Assets (TTM)	22.82%	4.31%
Net Profit Margin (TTM)	34.19%	4.45%
Operating Profit Margin (TTM)	69.98%	6.62%
Gross Profit Margin (TTM)	56.04%	38.82%

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: 3.18
Median: 1.90
Q1: 1.28
Min: 0.40

Largest peers

SNDK: 4.78
ANET: 2.83
WDC: 1.49
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-to-Equity Ratio (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: 0.05
SNDK: 0.02
Min: 0.00

Largest peers

STX: 3.82
AAPL: 0.80
CSCO: 0.68
WDC: 0.18
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 at a Glance

Sandisk (SNDK) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: SNDK	Industry group median
Current Ratio (MRQ)	4.78	1.90
Debt-to-Equity Ratio (MRQ)	0.02	0.31
Net Debt / EBITDA	-0.63	0.91

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: 1.30%
Q3: 0.54%
SNDK: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.39%
DELL: 0.64%
AAPL: 0.37%
STX: 0.32%
WDC: 0.11%
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: 15.46%
SNDK: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 55.00%
STX: 27.70%
DELL: 17.57%
AAPL: 12.59%
WDC: 2.69%
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.

Dividends at a Glance

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%