SNDK News
5 R40 articles on Sandisk Corporation (SNDK). Latest, Sep 18, 2026: CXMT Raised $9.9 Billion in July and Spent Less on Plant Than a Year Earlier.
R40 Coverage
CXMT Raised $9.9 Billion in July and Spent Less on Plant Than a Year Earlier
CXMT's H1 report closes the raise our August piece could not: RMB 66.31bn net, 2.25x the ask. Cash plant spend fell 10.5% to a fifth of Micron's rate.
Microsoft's Code of Conduct Contains No Capex Number. The Market Repriced Capacity Prices Anyway.
Microsoft's MAI Code of Conduct runs 15,203 words and never says compute. The capacity sellers fell 5-7% on it; flat prices cost our bases 19.5% to 41.7%.
SK hynix Approved ₩54T of Fabs Before a ₩40T Buyback. That Is Not Capacity Discipline.
SK hynix's ₩40T buyback reads as capacity discipline — but its board approved ₩54.3T of fabs on August 7, and that capacity lands in 2028, the bear-case year.
Sandisk Guided to $8.25 Billion and Printed $8.97 Billion at an 84.6% Gross Margin
Sandisk's FQ4: revenue $8.97B, up 372%, past its own high end. GAAP EPS $43.97 above non-GAAP $39.25. Gross margin 84.6%. The Rule of 40 stops discriminating.
Sandisk Heads Into Q4 FY2026 Earnings After a Record Quarter and a Brutal July Selloff
Sandisk's fiscal Q3 2026 revenue surged 251% on AI-driven datacenter SSD demand, but the stock has since round-tripped from a 1,000%+ post-spinoff run to a 55% peak-to-trough plunge and back. We preview the August 5 Q4 report and the NAND-pricing debate at the center of the swings.