Sandisk (SNDK) shares trade near $1,262, about 46% below their record close of $2,335 on June 25, and have fallen roughly another 10% since October 15. The author says the stock depends on three factors: rising flash prices, tight supply, and growing data center sales. Sandisk guides fiscal first-quarter 2027 revenue to $10.3 billion–$10.8 billion, about 18% above the $8.97 billion of fiscal Q4, and CFO Luis Visoso said price increases are “modest.” Data center revenue rose from $440 million in fiscal Q2 2026 to $2.98 billion in fiscal Q4, about one-third of total revenue. The author leans toward waiting for the upcoming report and the fiscal Q2 outlook to see whether Sandisk is still raising prices, given the stock's volatility.
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