Sandisk's September-quarter results were again exceptional and above guidance. Sales rose 378% year on year to $11 billion, while non-GAAP gross margin rose 55 points year on year to 85%. December-quarter guidance implies further improvement and year-on-year growth again above 300%.
Robust AI infrastructure demand is driving incredibly tight NAND supply, massive pricing growth, and terrific sales and profitability. If AI demand growth remains rapid, NAND supply could stay tight through 2030, carrying Sandisk to new highs
Sandisk sells commodity-like NAND flash memory chips and offers little differentiation or pricing power, exposing it to volatile cyclicality.
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Metric
|
SNDK
|
005930
|
MU
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.85 | 10.32 | 12.49 |
Price/Book Value | 10.60 | 2.78 | 7.63 |
Price/Sales | 7.17 | 2.81 | 8.02 |
Price/Cash Flow | 10.98 | 5.56 | 11.19 |
|
Metric
|
SNDK
|
005930
|
MU
|
|---|---|---|---|
Quick Ratio | 1.70 | 2.20 | 2.90 |
Current Ratio | 2.29 | 2.83 | 3.31 |
Interest Coverage | 178.36 | 242.73 | 931.07 |
|
Metric
|
SNDK
|
005930
|
MU
|
|---|---|---|---|
Return on Assets (Normalized) | 70.15% | 24.86% | 72.26% |
Return on Equity (Normalized) | 94.19% | 33.47% | 102.18% |
Return on Invested Capital (Normalized) | 87.15% | 30.09% | 90.66% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
|
Market Cap
|
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United States