Sandisk

SNDK

Market cap $32.7B

Shares of Sandisk climbed Friday as the data storage company joined the benchmark S&P 500 index.

SanDisk (SNDK)'s stock jumped over 300%, in three months, driven by consistent revenue increases as well as a significant change in investor outlook. An outstanding earnings surprise, entrance into the S&P 500, and excitement surrounding innovation and demand led to a growth that's altering the conventional approach.

SanDisk Corp (NASDAQ:SNDK) enters the S&P 500 Index (SPX) today.

In a remarkable display of corporate momentum, SanDisk Corporation NASDAQ: SNDK has secured a coveted spot in the S&P 500, Wall Street's premier stock market index.

Sandisk has been granted admission to the S&P 500 Index, one of just 12 companies to make the grade so far in 2025. The company's NAND flash memory is experiencing strong demand and supply shortages, which are expected to persist into next year.

Sandisk Corp. presents a fresh entry point after a significant pullback, despite leading memory chipmaker returns since its split from Western Digital. SNDK's Q1 2026 results highlight robust revenue growth, margin expansion, and strong performance across Data Center, Edge, and Consumer segments. The NAND and memory price rebound is in early stages, with disciplined supply cuts and rising demand from AI and HPC driving profitability for SNDK.

MILPITAS, Calif.--(BUSINESS WIRE)--Sandisk Corporation (NASDAQ: SNDK) announced today management's participation in the following upcoming investor conferences: Event: UBS 2025 Global Technology and AI Conference Date: Tuesday, December 2, 2025 at 3:15 p.m. PT / 6:15 p.m. ET Event: Barclays 23rd Annual Global Technology Conference Date: Wednesday, December 10, 2025 at 8:40 a.m. PT / 11:40 a.m. ET The management presentations will be available as live webcasts, accessible through Sandisk's Inves.

Another deal has created space for a shake-up in the S&P 500, which is now set to welcome one of the year's hottest stocks.

SanDisk Corp. is set to enter the S&P 500 on Friday, capping a remarkable period of rapid growth and surprising some investors who had anticipated a different outcome. S&P Dow Jones Indices announced the move late Monday, sending SanDisk shares up more than 7% in extended trading and more than 13% during the regular session.

Sandisk will replace Interpublic Group in the S&P 500 index before the start of trading on Nov. 28. Western Digital bought Sandisk in 2016 and spun it out in February.