AI Infrastructure NASDAQ: SNDK

Sandisk Corporation (SNDK)

NAND flash and enterprise SSD capacity feeding the AI data-center storage boom.

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✓ Reviewed by Get AI Decoded Editorial Team Updated October 2026

The AI Angle

Sandisk develops NAND flash memory and enterprise solid-state drives used to store training data, model checkpoints, retrieval corpora, and inference outputs inside AI data centers. After its separation from Western Digital in February 2025, the company became a focused public storage supplier. Fiscal 2026 revenue reached $20.25 billion, up 175% year over year, while fiscal fourth-quarter revenue reached $8.97 billion as data-center revenue rose 437%. Its BiCS8 NAND ramp and Stargate enterprise SSD portfolio position Sandisk to benefit as hyperscalers require denser and more power-efficient storage alongside growing accelerator fleets.

Key Numbers

$20.25B

Fiscal 2026 Revenue

Up 175% year over year; Sandisk results Aug. 5, 2026

$8.97B

Fiscal Q4 2026 Revenue

Up 51% sequentially; Sandisk results Aug. 5, 2026

+437% YoY

Data-Center Revenue Growth

Fiscal Q4 2026 company results

$251.84B

Recent Market Cap

Yahoo Finance market data checked Oct. 2, 2026

4/5

AI Exposure Score

Strong AI revenue driver.

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⚡ About AI Exposure Score: Reflects how central AI is to this company's current revenue and growth strategy. 5 = AI is the core business. 1 = AI is a minor angle. Editorial assessment — not a buy/sell signal.

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Upcoming Catalysts

AI data centers require rapidly growing pools of enterprise flash storage for models, checkpoints, and retrieval data
BiCS8 becoming the majority of bit production improves density, performance, and power efficiency
Stargate enterprise SSD qualifications with hyperscale customers can expand the data-center revenue mix
Long-term customer agreements and constrained NAND supply can support pricing and utilization

Key Risks

NAND pricing is cyclical and can reverse quickly when industry supply exceeds demand
Hyperscaler qualification timing and customer concentration can produce volatile quarterly revenue
Manufacturing execution depends partly on the Kioxia joint venture and complex global supply chains
A sharp 2026 share-price rise leaves the valuation sensitive to any slowdown in AI storage demand

Recent News

2026-09-22 · undefined

Sandisk has gained more than 600% in 2026 as AI storage demand expands

2026-08-05 · undefined

Sandisk reports fiscal fourth-quarter and full-year 2026 results

2026-08-05 · undefined

Sandisk forecasts upbeat quarterly revenue on AI-driven demand

2026-05-01 · undefined

Sandisk posts a major quarter as AI demand lifts storage sales

2026-01-30 · undefined

Sandisk earnings beat expectations on AI memory demand

Sources: Sandisk fiscal Q4 2026 results Aug. 5, 2026; Reuters May 1 and Aug. 5, 2026; CNBC Jan. 30 and Sept. 22, 2026; Yahoo Finance market data Oct. 2, 2026.

⚠️ Not financial advice. This page is for informational purposes only. All figures are sourced from public earnings reports, company guidance, and financial news. Past performance is not indicative of future results. Always do your own research before making any investment decisions.