Research Report · SNDK · Buy on Pullback · historical view
Sandisk Fell 26% in Seven Sessions. The NAND Shortage Wasn’t Over.
At $572.50, the stock was still up 141% in 2026. But Q3 guidance implied the earnings reset had further to run, while a new $1 billion Nanya stake raised the cost of being early.
Research snapshot · March 30, 2026 market close
Free. Includes StockResearch’s weekly research publication.
Dec 31, 2025 close
$237.38
Mar 19, 2026 peak
$772.09
Mar 30, 2026 close
$572.50
YTD at cutoff
+141.2%
Off the Mar 19 peak
−25.9%
A 225% surge gave way to a 26% drawdown.
Sandisk closed 2025 at $237.38, peaked at $772.09 on March 19, and closed at $572.50 on March 30 — still up 141.2% for the year, but 25.9% below the peak. The “Buy on Pullback” view is the historical rating at that cutoff, not a current recommendation.
What the complete report contains
- NAND pricing and operating-leverage analysis
- Datacenter qualification funnel
- Q3 guidance bridge
- Flash Ventures manufacturing model
- Nanya capital-allocation analysis
- Bear, Base, and Bull scenarios
- Competitive matrix, risk framework, and monitoring thresholds
- Complete historical methodology and source ledger
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Disclosures
StockResearch publications are independent research for informational and educational purposes only and are not investment advice or a recommendation to buy or sell any security. All figures on this page reflect the March 30, 2026 historical market snapshot and exclude later Sandisk results or filings. Investing involves risk, including possible loss of principal. Past performance does not guarantee future results.
Primary sources
- Sandisk fiscal Q2 2026 earnings release and presentation
- Sandisk fiscal Q2 2026 Form 10-Q — SEC EDGAR
- Sandisk fiscal 2025 Form 10-K — SEC EDGAR
- Sandisk March 25, 2026 Form 8-K covering the Nanya transaction
- Historical SNDK market closes through March 30, 2026
- StockResearch scenario workpapers dated March 31, 2026