China Renaissance has initiated coverage on Sandisk Corp (SNDK) with a Buy rating, reflecting its assessment of the company's investment potential. This marks the firm's first evaluation of Sandisk, which specializes in the development and manufacturing of NAND flash-based storage solutions. Headquartered in Milpitas, California, Sandisk employs 11,000 full-time staff and has a market capitalization of $28.5 billion.
The company went public on February 13, 2025, and has since provided a diverse portfolio of products, including solid state drives (SSDs), removable cards, and USB drives. Sandisk serves multiple end markets, including cloud, client, and consumer sectors. The cloud segment focuses on products for public and private cloud environments, while the client segment includes data solutions for devices such as desktop and notebook PCs, gaming consoles, and embedded storage products.
As of December 1, 2025, the analyst consensus for Sandisk shows 7 Strong Buy, 11 Buy, 6 Hold, with no Sell or Strong Sell ratings, indicating a general positive outlook among analysts. Recent earnings performance has shown surprises, with Q1 2026 EPS reported at $1.22, exceeding estimates by 29%. Upcoming earnings are scheduled for August 12, 2026, with an EPS estimate of $4.03 on revenue of $2.8 billion.
The announcement highlights the growing interest in Sandisk's market position as it continues to deliver innovative storage solutions in a competitive landscape.