JP Morgan has initiated coverage on Sandisk Corp (SNDK) with a Neutral rating, marking the firm's first assessment of the company's investment potential. The decision underscores the bank's evaluation of Sandisk's business dynamics and growth prospects in the technology sector.
Headquartered in Milpitas, California, Sandisk Corp develops and manufactures storage devices based on NAND flash technology. The company, which went public on February 13, 2025, currently employs 11,000 people and has a market capitalization of $28.5 billion. Its product offerings include solid state drives (SSDs), removable cards, USB drives, and various components, catering to cloud, client, and consumer markets.
As of December 4, 2025, Sandisk reported an earnings per share (EPS) of -11.84. The company has upcoming earnings announcements, with EPS estimates of $4.03 and $3.22 for the quarters ending August 12, 2026, and May 5, 2026, respectively. Recent earnings performance has shown surprises, including a 29% positive surprise in Q1 2026, where EPS was $1.22 against an estimate of $0.95.
Analyst consensus as of December 1, 2025, indicates a Buy rating from a total of 24 analysts, with 7 Strong Buy, 11 Buy, and 6 Hold ratings. Analyst ratings can evolve as new information surfaces, reflecting varied opinions on the same company. Thus, while JP Morgan's Neutral rating provides a snapshot of their current view, it is essential for investors to consider a range of factors when making decisions.