Seeking Alpha
12 Nov 2026, 12:45 UTC · 1h ago
Sandisk: The Next NAND Downturn Could Prove Bulls Right
Impact · against what's priced in
The reported surge in data center revenue and strong cash flow are largely irrelevant for WDC's current valuation, as the market has already priced in a significant deceleration from these peaks. The long-term NAND contracts provide a floor for margins but do not trigger the structural re-rating that the price currently declines.
- WDC+0.00
Already priced in
- The price assumes
A sharp deceleration from the current 35.7% revenue growth down to the 16.4% annual rate
The 61% sequential surge in data center revenue is a high-water mark that the market expects to normalize; the price already assumes growth will drop significantly from these levels to a 16.4% CAGR.
What WDC's price assumes · Sep 11
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