Seeking Alpha
30 Oct 2026, 08:27 UTC · 1h ago
Sandisk Q1: The Selloff Makes No Sense
Impact · against what's priced in
The Q1 beat and RPO levels provide no catalyst for SNDK as the market has already baked in the current high margins and the contracted revenue floor. The article's bullishness on valuation is a matter of opinion on a multiple re-rating that the current price specifically declines to pay for.
- SNDK+0.00
Already priced in
- The price assumes
The $93.9 billion in contracted NBM revenue, which the price treats as fully committed floor demand
The reported $89 billion in RPO and Q1 beats confirm the revenue predictability the market already assumes, rather than providing new upside.
What SNDK's price assumes · Sep 11
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