Down 23%, Should You Buy the Dip on Sandisk Stock?

Key Points Data center demand has reached what management calls a "watershed moment" and now accounts for more than half of the NAND market. Sandisk has long-term customer agreements locking in future revenue of $94 billion. Management is guiding to double-digit revenue growth between fiscal 2028 and fiscal 2030, with a 50% free cash flow margin. 10 stocks we like better than Sandisk › Sandisk (NASDAQ: SNDK) looks worth buying after its recent pullback, even though the memory and storage industry can be cyclical. The stock is down 23% from its June 2026 high of $2,354, despite a fiscal fourth-quarter report that showed revenue surging 372% year over year. The pullback may be setting up the next leg higher as data center storage demand accelerates.