Sandisk Corp (SNDK) reported Q2 2026 results with revenue of $3.03 billion, up 61.25% year-over-year, above the revenue estimate of $2.69 billion. Diluted earnings per share were $5.15, versus an estimate of $3.40. The stock moved higher, reflecting an increase of 11.5% since market close.
Margin and cash-flow trends underline the strength of the quarter: gross margin expanded to roughly 50.9%, operating margin about 35.2%, and net margin near 26.5%. Cash from operating activities surged to $1.02 billion, a year-over-year increase of 972.63%.
Overall, Sandisk Corp (SNDK) comfortably beat both revenue and EPS estimates and delivered substantial year-over-year improvements across profitability and cash generation metrics.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Sandisk Corp Insider Trading Activity
Sandisk Corp insiders have traded $SNDK stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SNDK stock by insiders over the last 6 months:
- NECIP SAYINER sold 1,271 shares for an estimated $248,026
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Sandisk Corp Hedge Fund Activity
We have seen 343 institutional investors add shares of Sandisk Corp stock to their portfolio, and 197 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DNB ASSET MANAGEMENT AS removed 6,266,681 shares (-88.1%) from their portfolio in Q3 2025, for an estimated $703,121,608
- FIL LTD removed 4,525,301 shares (-99.8%) from their portfolio in Q3 2025, for an estimated $507,738,772
- PRICE T ROWE ASSOCIATES INC /MD/ removed 2,346,387 shares (-41.5%) from their portfolio in Q3 2025, for an estimated $263,264,621
- BALYASNY ASSET MANAGEMENT L.P. removed 2,333,522 shares (-93.7%) from their portfolio in Q3 2025, for an estimated $261,821,168
- SLATE PATH CAPITAL LP removed 2,044,961 shares (-43.2%) from their portfolio in Q3 2025, for an estimated $229,444,624
- CITADEL ADVISORS LLC removed 1,821,691 shares (-84.8%) from their portfolio in Q3 2025, for an estimated $204,393,730
- MADISON AVENUE PARTNERS, LP removed 1,508,588 shares (-42.2%) from their portfolio in Q3 2025, for an estimated $169,263,573
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Sandisk Corp Congressional Stock Trading
Members of Congress have traded $SNDK stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SNDK stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
Sandisk Corp Analyst Ratings
Wall Street analysts have issued reports on $SNDK in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 01/20/2026
- Benchmark issued a "Buy" rating on 01/15/2026
- Mizuho issued a "Outperform" rating on 01/09/2026
- B of A Securities issued a "Buy" rating on 01/07/2026
- China Renaissance issued a "Buy" rating on 12/05/2025
- Morgan Stanley issued a "Overweight" rating on 11/24/2025
- Wedbush issued a "Outperform" rating on 11/07/2025
To track analyst ratings and price targets for Sandisk Corp, check out Quiver Quantitative's $SNDK forecast page.
Sandisk Corp Price Targets
Multiple analysts have issued price targets for $SNDK recently. We have seen 16 analysts offer price targets for $SNDK in the last 6 months, with a median target of $311.0.
Here are some recent targets:
- Asiya Merchant from Citigroup set a target price of $490.0 on 01/20/2026
- Aaron Rakers from Wells Fargo set a target price of $380.0 on 01/15/2026
- Srini Pajjuri from RBC Capital set a target price of $400.0 on 01/15/2026
- Mark Miller from Benchmark set a target price of $450.0 on 01/15/2026
- Mark Newman from Bernstein set a target price of $580.0 on 01/14/2026
- Vijay Rakesh from Mizuho set a target price of $410.0 on 01/09/2026
- Wamsi Mohan from B of A Securities set a target price of $390.0 on 01/07/2026
