Sandisk is predicted to reclaim its all-time high of just above $2,350 per share by the end of the year. The company reported fiscal 2026 fourth-quarter revenue of $8.97 billion, a 51% sequential improvement, and guided for up to $10.8 billion in revenue for the fiscal 2027 first quarter. GAAP net income reached $6.9 billion, exceeding the prior quarter's revenue. The stock's forward price-to-earnings ratio has fallen below 20, making it cheaper than many tech giants despite faster growth. Hyperscaler capital expenditure commitments and rising AI demand support continued memory chip growth, with no signs of an inventory glut.
