Sandisk Corporation’s shares were trading at $205.35 on December 2nd with a forward P/E of 15.55. Following its spin-off, Sandisk is positioned to benefit from AI workloads and hyperscaler adoption as a pure-play NAND flash memory company. NAND flash prices have risen, with a potential super-cycle predicted by analysts.

SNDK focuses on SSDs, flash cards, and embedded chips, benefiting from a lean structure post-spin. Analysts expect $2.3 billion in revenue and $0.70 EPS in Q1 FY26. Bull case scenarios foresee revenues exceeding $3 billion with EPS between $1.10-1.30 and 50-60% margins. Valued at 18x forward P/E, SNDK remains appealing compared to peers like Micron.

Key drivers for SNDK include growing storage demand from AI workloads, long-term contracts with hyperscalers, and tight memory inventory. The combination of a clean spin-off, favorable NAND pricing, and structural demand growth positions SNDK as a strong investment opportunity, with an upcoming earnings release expected to confirm the memory super-cycle narrative.

A previous bullish thesis on Seagate Technology Holdings plc (STX) highlighted the company’s HAMR technology and AI-driven cloud storage growth, leading to a 146.69% stock price appreciation. Icy_Agent_266’s bullish perspective on Sandisk emphasizes its pure-play NAND exposure and SSD demand from hyperscalers, aligning with the positive outlook for storage demand expansion.

Read more at Yahoo Finance: Sandisk Corporation (SNDK): A Bull Case Theory