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Model output · Signal date 2026-10-16
Sandisk Corp (SNDK) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
Alpha
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Middle 30%
of 5171 stocks scored
Rank correlation · 90D
59.0%
Spearman, 211 dates
Market Cap
$204.23B
mega-cap · #1 of 6 peers
Summary
Sandisk Corp (SNDK) stock forecast summary
On Oct. 16, 2026, SNDK is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5171 stocks scored that day.
Sandisk Corp is a mega-cap company with a market capitalization of $204.23B. It ranks number 1 by market capitalization among the 6 Computer Storage Devices issuers in our coverage with a current forecast.
For SNDK, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 59.0%, measured on 211 forecast dates between 2025-05-16 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 35.0%, measured on 254 forecast dates between 2025-05-16 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.7%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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SNDK price chart and AI forecast
Cross-section · 2026-10-16
How SNDK ranks among 5171 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-07-03
Sandisk Corp (SNDK) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Computer Storage Devices peers listed below that report each metric.
Valuation & Market
| Metric | SNDK | Rank |
|---|---|---|
| Market Cap | $204.23B | 1/6 |
| P/E Ratio | 18.91x | 4/5 |
| P/B Ratio | 12.98x | 5/5 |
| EPS | $73.76 | – |
| Book Value/Share | $107.47 | – |
| Revenue/Share | $138.29 | – |
| FCF/Share | $78.50 | – |
Profitability & Margins
| Metric | SNDK | Rank |
|---|---|---|
| ROE | 72.7% | – |
| ROA | 50.8% | – |
| ROIC | 73.2% | – |
| Gross Margin | 71.5% | 1/6 |
| Operating Margin | 61.2% | 1/5 |
| Net Margin | 56.5% | – |
| EBT Margin | 64.3% | 2/5 |
| Tax Rate | 12.2% | – |
Financial Health
| Metric | SNDK | Rank |
|---|---|---|
| Current Ratio | 2.29x | 1/5 |
| Quick Ratio | 1.81x | 1/5 |
| D/E Ratio | 0.43x | 5/5 |
| Financial Leverage | 1.43x | – |
| Working Capital | $7.20B | 1/5 |
Cash Flow
| Metric | SNDK | Rank |
|---|---|---|
| Operating Cash Flow | $11.67B | 1/6 |
| Free Cash Flow | $11.49B | 1/5 |
| Capital Spending | -$177M | 1/5 |
| FCF/Sales | 56.8% | 1/5 |
| CapEx/Sales | 0.9% | 5/5 |
Operational Efficiency
| Metric | SNDK | Rank |
|---|---|---|
| Asset Turnover | 0.90x | – |
| Receivables Turnover | 4.3x | – |
| Inventory Turnover | 2.1x | 5/5 |
| Fixed Assets Turnover | 30.0x | – |
| Days Sales Outstanding | 85 days | – |
| Days Inventory | 170 days | 1/5 |
Income Statement
| Metric | SNDK | Rank |
|---|---|---|
| Total Revenue | $20.25B | 1/5 |
| Operating Income | $12.39B | 1/6 |
| Net Income | $11.43B | – |
| R&D Expense | $1.33B | 1/6 |
| SG&A Expense | $676M | 3/6 |
| Cost of Goods Sold | $5.78B | 3/6 |
Dividend & Shareholder Information
| Metric | SNDK | Rank |
|---|---|---|
| Shares Outstanding | 146M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $12.78B | 56.8% of assets |
| Cash & Short-term Investments | $4.76B | 21.2% of assets |
| Accounts Receivable | $4.71B | 20.9% of assets |
| Inventory | $2.70B | 12.0% of assets |
| Total Liabilities | $6.77B | 30.1% of assets |
Quarterly Financial Reports
SNDK quarterly financials and insider trading
Industry Peers · Computer Storage Devices
Sandisk Corp (SNDK) industry peers
Companies classified under the same SEC industry code as Sandisk Corp (Computer Storage Devices): 6 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Technology · Computer Storage Devices
News
Sandisk Corp (SNDK) stock news
SanDisk stock is falling Thursday: What's going on?
<?xml encoding="utf-8" ?> Sandisk Corp. SNDK stock remained under pressure Thursday as investors weighed upcoming earnings, ...
SanDisk Just Scored a New 'Buy' Rating. Here's Why.
SanDisk stock rallies on a bullish Rosenblatt Securities’ research note. Here’s why analyst Kevin Cassidy recommends buying SNDK shares at the current price.
FAQ
Sandisk Corp (SNDK) stock forecast FAQ
What is the Sandisk Corp (SNDK) stock forecast?
On Oct. 16, 2026, SNDK is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5171 stocks scored that day.
How accurate are Sandisk Corp stock predictions?
For SNDK, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 59.0%, measured on 211 forecast dates between 2025-05-16 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 35.0%, measured on 254 forecast dates between 2025-05-16 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Sandisk Corp forecasts updated?
Sandisk Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Sandisk Corp's industry peers?
6 issuers in our coverage, SNDK included, share the SEC industry code Computer Storage Devices. The largest are: Seagate Technology Holdings Plc (STX), Western Digital Corp (WDC), Everpure, Inc. (P), Netapp, Inc. (NTAP), Quantum Corp /De/ (QMCO).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.