Sandisk: The Earnings Boom Is Only Half The Story
Source: Seeking Alpha
Article summary
Sandisk Corporation remains a Strong Buy as demand visibility, earnings power, and a disciplined cash return plan underpin sustainable shareholder returns. SNDK management targets adjusted free cash flow at 50% of revenue for FY2028–FY2030, with upcoming quarters crucial for demonstrating sustainable cash generation through the NAND cycle. SNDK's $15.5B buyback authorization and recent 26.1% stock pullback offer potential EPS accretion, contingent on robust cash conversion and prudent execution.
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