Up 131 YTD%, Should You Buy Sandisk Stock Right Now?

Sandisk (NASDAQ: SNDK) banal was a shooting prima successful 2025, rising a ridiculous 1,475% since it went nationalist past February aft spinning disconnected of Western Digital.

In 2026, arsenic it approaches 1 twelvemonth since going nationalist connected Feb. 24, it has already gained 131% twelvemonth to day (YTD).

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What has driven this unthinkable surge, and tin it perchance continue? Let's instrumentality a look to spot if Sandisk banal is inactive a buy.

While Sandisk is caller to the market, it has been astir since 1988 arsenic a shaper of solid-state retention drives and aboriginal portable flash drives and representation cards.

While it inactive makes those products for consumers, its biggest gross drivers are NAND flash drives and solid-state drives for mobile phones, information centers, and gaming storage, among different uses.

It is typically 1 of 5 large players crossed these markets, with immoderate of the competitors changing depending connected the product. Across astir of them, including information centers and smartphones, it competes with Micron and Samsung, portion it competes with Seagate successful gaming retention drives.

It has been capable to summation marketplace stock arsenic a pure-play institution successful its markets, alternatively than erstwhile it was portion of Western Digital. The superior gross catalyst has been its solid-state drives for information centers, which person seen unthinkable request and not capable supply, fixed the accelerated enlargement of information centers owed to the increasing request for artificial quality (AI) compute. Sandisk's information halfway gross grew 64% successful the past quarter, compared to the erstwhile quarter.

Overall successful the astir caller quarter, gross jumped 31% from the erstwhile 4th and 61% twelvemonth implicit year. Net income roseate a ridiculous 617% from the erstwhile 4th and 672% twelvemonth implicit year.

The rally has continued into 2026, arsenic Sandisk banal has risen 131% twelvemonth to day arsenic of Feb. 10.

It has been boosted by a blowout net study and outlook astatine the extremity of January. But determination person besides been reports that owed to the unthinkable request for its information halfway and endeavor drives, it volition treble its prices successful 2026, perchance successful the archetypal quarter, according to analysts.

For the existent quarter, its fiscal Q3, Sandisk is targeting $4.4 cardinal to $4.8 cardinal successful revenue, which would beryllium 47% to 60% maturation implicit Q2. Further, its adjusted net are targeted for $12 to $14 per share, which would beryllium up treble from $6.20 per stock past quarter. Also, its gross borderline is pegged astatine 64.9% to 66.9% -- up from 50.9%.