Sandisk's NAND Supercycle: A Game-Changer

SanDisks Q3 results are on fire, with revenue surging 251% YoY to $6B, gross margins at 78.4%, and EPS flipping from a loss to $23.41. The real game-changer? Long-term contracts to stabilize the flash memory market. Skyrocketing NAND prices, driven by AI data centers demand for high-performance SSDs, fueled this surge. Despite a 422% stock increase this year, it trades at just 7x forward P/E for FY2027. SanDisk secured $42B in backlog contracts, covering over a third of next years BiCS production, with Q4 guidance of $7.75-8.25B revenue, 78.9-80.9% margins, and $30-33 EPS. With massive free cash flow, debt repayment, buybacks, and a push to tame market cycles, SanDisk is riding the NAND supercycle for gains. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b9888fedbf16fbbe