Analysis for SNDK
- 📈 Growth — 28/30
- 💰 Profitability — 16/20
- 🏦 Financial Health — 19/20
- 💵 Valuation — 12/20
- ⚠️ Risk — 6/10
Summary:
📈 Growth & Financial Trajectory
Over the 8-quarter window, Sandisk's revenue climbs from about $1.33B (2015 Q4) to about $5.95B (2026 Q3), a multi-quarter ascent with a sharp acceleration most recently. Net income swings from a modest $39M profit to a substantial $3.62B in 2026 Q3, with mid-window volatility including losses in 2025 Q3–Q4. Overall, scale and profitability trend higher, albeit with episodic dips.
💰 Margins & Cash Flow
Gross margins rise materially, with latest quarter around 78%, versus earlier quarters in the low-to-mid 50s. Operating cash flow turns strongly positive in 2026 Q3 (~$3.04B), and total net cash flow is around $2.20B, underscoring solid cash generation despite quarterly earnings swings.
🛡️ Balance Sheet & Liquidity
Balance sheet shows minimal leverage: Long-term Debt = $0 across periods. In the latest period, Current Assets ≈ $9.17B and Current Liabilities ≈ $1.92B, implying ample liquidity (current ratio ≈ 4.8). Total assets near $17.1B with Equity ≈ $13.78B.
⚠️ Key Drivers & Risks
- Drivers: AI/Data Center memory/component demand; favorable pricing cycles.
- Risks: earnings volatility and cyclicality; valuation sensitivity to quarterly swings; competitive pressure.