Lynx Equity Strategies highlights an unprecedented NAND cycle for SanDisk (SNDK) ahead of the company's presentation at the Bernstein TMT Forum. Analysts expect management to address a severe supply shortage in the NAND flash market. This shortage is not projected to resolve until at least 2028.
SanDisk is currently negotiating multi-year, non-cancellable supply agreements with major cloud service providers. These negotiations represent a significant shift from traditional quarterly contracts. Strong demand from AI data centers drives this structural change in procurement.
Lynx Equity projects these favorable market dynamics could propel SanDisk’s 2026 earnings per share to a range of $90 to $100.