Prediction: Sandisk Will Reclaim Its All-Time High by the End of the Year
Written by Marc Guberti for The Motley Fool -> Sandisk is still gaining market share in the memory chip industry, and its recent results were superb. A 51% sequential revenue growth rate comes as h…
Sandisk is still gaining market share in the memory chip industry, and its recent results were superb.
A 51% sequential revenue growth rate comes as hyperscalers commit to spending capital over multiple years.
Sandisk trades at a reasonable valuation, with bearish fears about a cyclical slowdown overblown.
Sandisk (NASDAQ: SNDK) is one of the only growth stocks that can more than quadruple and still be undervalued. Superb fiscal 2026 fourth-quarter results and broader memory chip trends suggest that Sandisk can reclaim its all-time high of just above $2,350 per share.
The stock would almost have to double from its current price to reach that level. Although it may sound difficult to imagine that type of growth, given Sandisk's recent returns, it's entirely feasible.
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It's no secret that Sandisk is posting high revenue growth rates, but it truly is on a different level from other chipmakers and tech leaders. Sandisk told investors in its fiscal 2026 third quarter to expect up to $8.25 billion in revenue for its fiscal 2026 fourth quarter, which ended July 3. When the Q4 press release arrived, Sandisk reported $8.97 billion in revenue.
That's a 51% sequential improvement, and guidance for its fiscal 2027 first quarter implies up to $10.8 billion in revenue. That suggests a 20% sequential growth rate.
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