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SNDK
LONGINSIDER SELLSANDISK CORP
Funds
4
Score
5.50
vs SPY
+150.5%
Stock return (since Q-end)
+166.8%
SPY return (since Q-end)
+16.3%
Current price
$1694.98
News Summary
PositiveSanDisk delivered a massive earnings beat in Q3 FY2026 with 97% sequential revenue growth to $5.95B, 251% YoY growth, and non-GAAP gross margins of 78.4%, driven by datacenter strength and $42B in new NBM (New Business Model) backlog contracts. The company raised Q4 guidance to $7.75-8.25B revenue with $30-33 EPS, extended its Kioxia JV through 2034, and launched a $6B buyback with zero debt, positioning it as a critical AI infrastructure supplier. Multiple analyst upgrades followed, with price targets ranging from $1,825 to $3,250, though consensus sits at $1,543.
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| Situational Awareness LP | Leopold Aschenbrenner | 1.1M | +86K | $724.4B | +8% | Existing |
| Point72 | Steve Cohen | 377K | +377K | $239.3B | — | NEW |
| Appaloosa LP | David Tepper | 281K | +281K | $178.7B | — | NEW |
| Duquesne Family Office | Stanley Druckenmiller | 38K | +38K | $24M | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed |
|---|---|---|---|---|---|---|
| Pokorny Michael | VP, Chief Accounting Officer | SELL | 2K | $1426.18 | $3.49M | 2026-05-12 |
| Sayiner Necip | — | SELL | 579 | $1503.11 | $0.87M | 2026-05-08 |