Sandisk Signs Eight Long-Term Supply Deals, Targets AI Memory Wall
SNDK has more than doubled off its 52-week low of $93.535 on light trading volume (0.3× avg).
Summary
Sandisk disclosed at the Goldman Sachs conference that it has signed eight strategic supply agreements, some spanning up to five years, with terms including fixed-price periods, upside participation, downside protection, and third-party financial guarantees. This shifts a meaningful portion of future NAND supply to predictable, long-term contracts as data centers now account for over half of industry demand. The company also detailed its High Bandwidth Flash (HBF) roadmap, with customer samples planned for next year, positioning it to address the AI inference memory bottleneck. Management reiterated aggressive long-term targets of 80% gross margin and 50% free cash flow margin. The stock rose 1.24% premarket to $1,814, extending a 1,600% 12-month gain.
At the time of this announcement, SNDK was trading at $1,781.92 on NASDAQ in the Technology sector, with a market capitalization of approximately $260.9B. The 52-week trading range was $93.54 to $2,354.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.