Sandisk hosted a bullish investor day on Aug. 13, focusing on long-term secular demand trends for NAND memory, AI, and long-term customer contracts. Management provided attractive long-term targets, including double-digit revenue growth through 2030 and 80% non-GAAP gross margin.
Robust AI infrastructure demand is driving incredibly tight NAND supply, massive pricing growth, and terrific sales and profitability. If AI demand growth remains rapid, NAND supply could stay tight through 2030, carrying Sandisk to new highs
Sandisk sells commoditylike NAND flash memory chips and offers little differentiation or pricing power, exposing it to volatile cyclicality.
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SNDK
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005930
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MU
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Price/Earnings (Normalized) | 24.67 | 11.37 | 22.53 |
Price/Book Value | 16.37 | 3.06 | 11.40 |
Price/Sales | 13.32 | 3.07 | 12.83 |
Price/Cash Flow | 23.54 | 6.08 | 19.06 |
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Metric
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SNDK
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005930
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MU
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|---|---|---|---|
Quick Ratio | 1.70 | 2.20 | 2.93 |
Current Ratio | 2.29 | 2.83 | 3.42 |
Interest Coverage | 178.36 | 242.73 | 254.95 |
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Metric
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SNDK
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005930
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MU
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Return on Assets (Normalized) | 70.15% | 24.86% | 53.42% |
Return on Equity (Normalized) | 94.19% | 33.47% | 76.55% |
Return on Invested Capital (Normalized) | 87.15% | 30.09% | 64.36% |
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