Sandisk, US80004C2008

Rosenblatt starts coverage of Sandisk stock with USD 2,400 target

Published on 10/02/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q4 2026 revenue reached USD 8.97 billion, up 51.00 percent sequentially. Sandisk stock costs EUR 1,595.00 on October 2, 2026 versus EUR 1,585.00.

Sandisk, US80004C2008, Illustration mit AI erstellt.

Rosenblatt initiated coverage of Sandisk with a Buy rating and a USD 2,400 price target on September 22, 2026, according to Nasdaq. Sandisk stock was trading at EUR 1,595.00 at Lang & Schwarz on October 2, 2026, up 0.63 percent versus the prior close of EUR 1,585.00. The new target puts the analyst view well above the latest euro quote, while the company is approaching its next quarterly report.

Revenue growth meets margin risk

Zacks reported that Sandisk generated USD 8.97 billion of revenue in the fourth quarter of fiscal 2026, up 51.00 percent sequentially and 372.00 percent year over year. Non-GAAP gross margin reached 84.60 percent in that quarter, compared with 26.40 percent a year earlier, showing how strongly pricing affected the latest results.

The next quarter carries a higher bar. Zacks reported fiscal first-quarter 2027 revenue guidance of USD 10.30 billion to USD 10.80 billion and non-GAAP earnings guidance of USD 44.00 to USD 46.00 per share. The guidance range starts USD 1.33 billion above fourth-quarter revenue, a comparison that makes execution and pricing central to the next report.

Contracts support the growth case

Sandisk's New Business Model agreements are expected to cover more than 50.00 percent of its bits in fiscal 2027 and roughly two-thirds in fiscal 2028, according to Zacks. The agreements carry at least USD 93.90 billion in expected revenue at floor pricing, while remaining performance obligations total USD 91.10 billion including agreements signed after the quarter.

The counterweight is the consumer business. Zacks reported that consumer revenue fell 32.00 percent sequentially in fiscal fourth quarter 2026, while rising component costs and the cyclical nature of NAND memory remain relevant to the margin outlook. That mix leaves the valuation dependent on whether data-center demand and contracted pricing offset weaker consumer and edge markets.

Next results arrive October 29

Sandisk will report first-quarter fiscal 2027 results on October 29, 2026, at 1:30 p.m. Pacific Time, according to Sandisk. The report will test whether the USD 10.30 billion to USD 10.80 billion revenue outlook can extend the fiscal 2026 acceleration.

Sandisk stock was trading at EUR 1,595.00 at Lang & Schwarz on October 2, 2026 at 12:32 p.m. CEST, plus 0.63 percent versus the Lang & Schwarz prior close of EUR 1,585.00 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Sandisk stock.