SanDisk marks its first anniversary as an independent public company on February 24, 2026, following its spin-off from Western Digital. The stock has risen approximately 1,475% since its initial public offering. Shares have gained over 130% year-to-date in 2026.
Surging demand for flash memory products in AI infrastructure and data centers fueled this growth. This demand led to significant increases in both revenue and gross margins. A blowout quarterly earnings report on January 29, 2026, further bolstered the stock's trajectory. The company beat financial estimates and provided a strong outlook based on NAND market supply shortages.
The anniversary coincides with a deadline for Western Digital to sell its holdings to achieve specific tax benefits. This requirement prompted a large secondary offering of SNDK shares in mid-February.