Sandisk's fast-growing data-center revenue strengthens its case among memory names with upside. Data-center revenue rose 61% quarter over quarter; revenue of $11.03B, adjusted EPS of $49.51 and adjusted gross margin of 85.1% all exceeded estimates. For upside among Micron, Sandisk and Kioxia, Micron ranks first, then Sandisk, then Kioxia, until further guidance. 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 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's earnings power looks underpriced because AI keeps NAND demand ahead of supply while long-term contracts lock in profits. AI needs enormous high-throughput storage, and new cleanroom capacity is slow to ramp, supporting margins; per Wall Street analysts, multi-year supply deals undercut the cyclical narrative. Q3 revenue rose over 250% to $5.95 billion, and its forward P/E keeps compressing. Evercore ISI raised its target to $3,100 and Bernstein to $3,000. August 5 results are the test. … Show more

Sandisk looks like an obvious buy at about 11x forward free cash flow because AI is creating ever-growing demand for both compute and storage. The memory boom is not going away soon, and there is no need to know exactly when the cycle slows, only that underlying demand remains incredibly strong. The biggest risk is looking back and wondering why it was not bought. x.com 

Sandisk's weak guidance and $14 billion buyback signal the AI trade is losing momentum. Per BullTheory, Sandisk guided to 18% growth after 51% last quarter, and memory stocks sold off as the market concluded memory prices have peaked. Rotation has started, including into gold. x.com 

Sandisk could be the memory supercycle's biggest winner because long-term NAND contracts may make earnings more durable than in past cycles. About $93.9 billion of floor-priced deals cover half of expected FY27 bit shipments and two-thirds in FY28 amid rising AI storage demand. Floors do not guarantee margins; management's roughly 50% adjusted free cash flow margin target for FY28-30 is not reported cash flow. Profitable contracts and sustainable cash generation could support a higher multiple. … Show more

SanDisk ranks in the top 6% of the universe for its mix of attractive valuation and strong price momentum, as Dell's results strengthened expectations for sustained AI storage demand. Dell's Q2 revenue jumped 58% to $47 billion, with a record $95 billion AI backlog and FY2027 revenue guidance raised from $167 billion to $192 billion. x.com 

Sandisk looks risky at these levels because China's YMTC is stabilizing cutting-edge NAND yields and ramping production, a predictable threat not yet priced into the stock. Per @jukan05, YMTC plans to mass-produce its most advanced NAND at Wuhan Fab 3 from H2 2026, is winning major overseas customers, and is projected to surpass SK Hynix and Micron in NAND output by year-end. x.com  x.com 

SanDisk's data-center flash growth shows AI inference is becoming a larger storage customer. Data-center revenue reached $4.8bn, up 61% in a quarter and over 40% of sales; total revenue of $11bn and EPS of $49.51 beat expectations. Guidance of $12.4bn revenue and $56 EPS suggests feared supply normalization has not yet eroded pricing. Overweight, with a $2,700 target. x.com  x.com