Sandisk's earnings growth makes its valuation look unusually low, with guidance showing no slowdown. Revenue rose 378% year over year, and $52.5 GAAP EPS implies a 6.1 annualized P/E, below Micron's. Sandisk's roughly 85% gross margin also compares favorably with SK hynix's apparently sub-50% NAND margin. Next-quarter guidance calls for $12.2 billion-$12.6 billion of revenue and $55-$57 non-GAAP EPS. x.com  x.com  x.com 

SanDisk still looks cheap at 19x forward earnings while growing EPS at triple-digit rates, even after shares fell 50% in a month. x.com 

Sandisk's datacenter shipments and restrained bit-supply plan strengthen its growth case, without settling contract protection in a downturn. Management attributed roughly 60% of fiscal Q1 revenue growth to volume and 40% to price; datacenter sales rose 61% sequentially to $4.8B, supplying 88% of total growth. It retains mid-to-high-teens bit growth rather than accelerating supply. Consumer sales fell 29%, and the CFO cautioned against carrying Q2's growth rate into fiscal Q3. x.com  x.com 

Sandisk is cheap, trading at a forward GAAP price-to-earnings ratio of 6.8, despite @JohnTinsmanAOT's criticism that it is expanding production in Japan while Micron commits to building memory in America. x.com 

Sandisk still looks cheap despite a frothy market, because it actually makes money and data-center growth is strong. It should be able to keep that run going until high-bandwidth flash arrives around 2030, though the trade carries risk and may not work out. x.com  x.com 

Micron, SK hynix and SanDisk look absurdly cheap, but the market refuses to pay more for their earnings because no one knows what sales or margins look like five years out. Today's roughly 5x earnings could prove ridiculously cheap, yet those earnings could just as easily fall until 5x becomes 20x. That raises the question of whether owning them is investment or speculation. x.com  x.com 

The need for more memory evident in every company's earnings report makes the market's negative view of Sandisk hard to understand. Yet splitting a stock above $1,000 is one of the dumbest moves a company can make: it hands market makers the ability to manipulate the shares through options, a risk for Sandisk. x.com  x.com 

Sandisk's results show a business firing on all cylinders, with revenue up 372% year over year and earnings crushing expectations, so the stock's 7% drop afterwards makes no sense. x.com 

SanDisk has run up about 3,000% since its 2025 IPO, turning a $10,000 investment into nearly $300,000 in a year. x.com 

Sandisk now has multi-year visibility from long-term customer contracts, yet trades at an estimated forward P/E of about 9 after falling roughly 45% from its highs. Scarred by 2023's price collapse, Sandisk, Micron, SK Hynix and Samsung are signing multi-year deals with large customer prepayments so buyers can't back out, with much supply sold into 2028 and some into 2029-2030. The market still discounts memory on past cycles, though it now has the most solid revenue base for 3-5 years. x.com