- Sandisk authorized a $14 billion stock buyback during fiscal Q4 earnings after repurchasing $4.5 billion in the quarter.
- Fiscal Q4 revenue reached nearly $9 billion, up 372% year over year, with the data center business growing 437% year over year to nearly one-quarter of total sales.
- Sandisk stock has rocketed 548% in 2026, the top performer in the Nasdaq-100, on exploding NAND flash demand in data center solid-state drives.
- NAND solutions carry gross margins in the mid-80s percentage profile, reflecting AI-driven pricing power.
- The buyback signals management believes the stock trades below the franchise's intrinsic value, following Warren Buffett's principle that repurchases below intrinsic value create shareholder value.
Quotes
“So far in 2026, Sandisk stock has rocketed 548% -- making it the top-performing stock in the Nasdaq-100.”
“Revenue reached nearly $9 billion, up 372% year over year.”
“In my eyes, Sandisk's buyback authorization is a signal that management believes the stock sits under the value of the franchise.”