Sandisk Locks In Two-Thirds of Next Year's Output as AI Storage Demand Surges

โดย Insider Monkey·US·Read original
Summary · why it matters

Sandisk has locked in buyers for roughly half of its output this fiscal year and two-thirds of next year's, under long-term contracts that carry floor prices and minimum financial guarantees. At its August investor day, the company said it had signed ten of these agreements with eight customers, and management set fiscal 2028 through 2030 targets of mid-to-high-teens revenue growth and adjusted gross margins around 80%. In its most recent quarter, ended July 3, revenue rose 372% from a year earlier to $8.97 billion, with data-center sales now about a third of the total, and the company swung to a profit of nearly $7 billion from a loss a year earlier. Sandisk, spun off from Western Digital in February 2025, authorized an additional $14 billion buyback alongside its August results and entered the S&P 100 on September 21, after shares gained more than 640% this year, the best performance in the S&P 500. The shares closed Friday about 24% below their June record, and the next signal is the fiscal first-quarter report, expected in early November.

Impact on assets 4

Semiconductors▲ · 1 stocks
Sandisk Corp
SNDK
▲ PositiveCapitalDemandrelevance

Sandisk authorized an additional $14 billion buyback alongside blowout quarterly results (revenue up 372%, ~$7B profit) and set mid-to-high-teens growth and ~80% gross margin targets.

Communication Services▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks

Theme Impact 2

Related news

▲2

Micron's AI Memory Boom Faces Test as New Capacity Looms

Micron Technology is riding an AI-driven memory boom, with last quarter's sales hitting $41.46 billion, up dramatically from $9.3 billion a year earlier, and GAAP net income of $28.24 billion. The key question now is whether that boom can be sustained or whether added output will create excess supply and pressure pricing. Investor Millennial Dividends says low finished inventories at Samsung and SK Hynix point to roughly 70% of memory manufactured in 2026 going to data centers, and believes the three big providers of DRAM and HBM have sold all their capacity until next year, which could keep the memory market tight as AI infrastructure grows. The investor calls the combination of strong data-center demand and new capacity coming online a tailwind to additional earnings growth, adding that Micron isn't demanding on a fiscal 2027 value. Wall Street currently has 29 Buy recommendations and one Hold, with an average 12-month price goal of $1,564.44. The next driver is whether Micron can keep pricing power as new memory capacity is added and AI demand continues to swallow supply.
MU ▲000660.KO ▲005930.KO ▲005930.KQ ▲
Semiconductors ▲Artificial Intelligence ▲
GuruFocus·2hRead more →
▲3

Rosenblatt Initiates Sandisk at Buy With $2,400 Target, Shares Jump 6.6%

Rosenblatt initiated coverage of Sandisk with a Buy rating and a $2,400 price target, sending the NAND-flash and data-storage producer's shares up approximately 6.6% to $1,884.05. Rosenblatt analyst Kevin Cassidy sees NAND becoming a more important piece of the computing stack as AI workloads expand beyond processors into massive pools of high-speed storage. Sandisk's fiscal fourth-quarter revenue reached $8.97 billion, up 51% sequentially, as management leans into enterprise solid-state drives and its manufacturing partnership with Kioxia. At $1,884.05, the $2,400 target implies roughly 27.4% additional upside. Sandisk's GF Score sits at just 51 out of 100, with standout growth and financial strength offset by much weaker GF Value and momentum readings.
285A.JPSNDK
Semiconductors ▲Artificial Intelligence ▲
GuruFocus·5hRead more →
5

Apple Develops AI Servers on M8 Ultra Chips, Weighs Nvidia NVLink Fusion

Apple is developing enterprise AI servers built around future M8 Ultra processors, with designs under consideration using either two or four of the chips and a possible 2029 launch aimed primarily at AI inference, The Information reported on September 16. Apple has also considered using Nvidia's NVLink Fusion technology to connect those processors, though neither the server nor Nvidia's involvement is finalized and the project could still change or disappear entirely. For Nvidia, NVLink Fusion extends its interconnect strategy to custom CPUs and accelerators made by other companies, creating a second line of defense around its AI franchise; networking equipment can represent 10% to 15% of AI data-center hardware costs, giving Nvidia a meaningful revenue pool beyond GPUs even if it loses higher-value compute sales. Apple's M-series chips already combine performance with relatively efficient power consumption, and selling complete servers would let it pursue AI developers, governments and businesses that want local inference, but a 2029 target leaves years for competitors to improve and would mark a re-entry into a server business Apple abandoned when Xserve disappeared in 2011. Insider Monkey tracked 169 hedge funds holding Apple in the second quarter versus 170 in the first, with Arrowstreet Capital increasing its position 54% to roughly 29.9 million shares, while Nvidia rose to 285 hedge-fund holders from 275 as Arrowstreet increased its NVDA stake 10% to about 34.7 million shares.
AAPL ▲NVDA ▲
Artificial Intelligence ▲Semiconductors Cloud & Digital Infrastructure
Insider Monkey·12hRead more →
© 2026 MarketDXNews