Overview
- The stock dropped roughly 24.8% over four trading days in mid‑July as momentum unwound and profit‑taking followed a dramatic year‑long rally.
- Company results through June show triple‑digit revenue and EPS growth and a return to profitability in fiscal 2026, which underpinned the earlier surge.
- Management reported roughly $42 billion in multiyear supply commitments to cloud AI customers that lock in volumes and prices for years.
- Wall Street maintains a consensus Buy rating with average targets well above current levels and several firms assigning $2,500–$3,000 objectives, while forward EPS estimates make the stock appear inexpensive on that basis.
- Key near‑term risks and catalysts include the August 5 earnings report, the pace of new NAND capacity coming online (including potential faster output from Chinese makers), and volatile investor positioning that can amplify price swings; SanDisk was spun out from Western Digital in early 2025 to focus on NAND and enterprise SSDs.