How Does SanDisk Stock Compare With Peers?
SanDisk‘s stock has significantly outperformed peers this past year, but how does it truly stack up against rivals in the dynamic data storage sector as of February 27, 2026? Analysis reveals robust revenue growth and solid free cash flow generation. However, it faces a challenging valuation given current unprofitability. Future gains hinge on sustained market position and a return to consistent earnings.
- SNDK’s 14.3% operating margin is solid for NAND, but trails MU’s 32.5%, reflecting DRAM’s stronger AI-driven demand and pricing.
- SNDK’s 23.6% revenue growth, spurred by NAND recovery/AI, outpaces NTAP, PSTG, but lags MU, STX, WDC amid broader data center expansion.
- SNDK’s 1306.9% gain reflects AI memory supercycle optimism; its -89.7 PE signals strong investor bets on a rapid earnings turnaround.
Here’s how SanDisk stacks up across size, valuation, and profitability versus key peers.
| SNDK | MU | STX | WDC | NTAP | PSTG | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 93.4 | 463.9 | 88.1 | 95.4 | 19.7 | 21.2 |
| Revenue ($ Bil) | 8.9 | 42.3 | 10.1 | 10.7 | 6.6 | 3.5 |
| PE Ratio | -89.7 | 39.0 | 44.7 | 25.1 | 16.7 | 162.4 |
| LTM Revenue Growth | 23.6% | 45.4% | 25.2% | 28.1% | 2.5% | 13.2% |
| LTM Operating Margin | 14.3% | 32.5% | 25.6% | 27.9% | 22.6% | 2.0% |
| LTM FCF Margin | 16.2% | 11.0% | 16.7% | 21.5% | 25.3% | 16.3% |
| 12M Market Return | 1306.9% | 350.6% | 313.0% | 482.5% | -14.5% | 20.7% |
Below we compare SNDK’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| SNDK | 23.6% | 10.4% | 9.5% | 9.4% |
| MU | 45.4% | 48.9% | 61.6% | -49.5% |
| STX | 25.2% | 38.9% | -11.3% | -36.7% |
| WDC | 28.1% | 50.7% | 1.0% | -66.7% |
| NTAP | 2.5% | 4.9% | -1.5% | 0.7% |
| PSTG | 13.2% | 11.9% | 2.8% | 26.3% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| SNDK | 14.3% | 6.9% | -6.7% | -21.3% |
| MU | 32.5% | 26.2% | 5.2% | -34.8% |
| STX | 25.6% | 21.1% | 6.4% | 0.8% |
| WDC | 27.9% | 22.4% | 1.5% | -6.4% |
| NTAP | 22.6% | 21.7% | 20.2% | 18.2% |
| PSTG | 2.0% | 3.2% | 3.1% | 3.0% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| SNDK | -89.7 | -21.0 | � | � |
| MU | 39.0 | 37.3 | 119.5 | -16.0 |
| STX | 44.7 | 39.7 | 53.8 | -33.4 |
| WDC | 25.1 | 32.1 | -24.4 | -9.9 |
| NTAP | 16.7 | 18.4 | 24.5 | 15.0 |
| PSTG | 162.4 | 204.5 | 312.4 | 146.2 |
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