Sandisk (SNDK): Best Young Stocks to Buy and Hold for the Next Decade

Sandisk Corporation (NASDAQ:SNDK) is one of the best young stocks to buy and hold for the next decade. On April 30, Sandisk reported record FQ3 2026 revenue of $5.95 billion, representing a 97% sequential increase and a 251% jump year-over-year. GAAP net income reached $3.62 billion, or $23.03 per diluted share, while non-GAAP diluted EPS stood at $23.41. This performance was driven by a massive 233% sequential surge in Datacenter revenue and improved pricing, reflecting a shift toward high-value end markets.

The company is transitioning to a new business model characterized by multi-year customer engagements and firm financial commitments, having already signed five such agreements. This shift contributed to an expansion in gross margins, which rose to 78.4% from 50.9% in the previous quarter. CEO David Goeckeler noted that this transformation, supported by a debt-free balance sheet and strong cash generation, is establishing structurally higher and more durable earnings power for the company.

Sandisk (SNDK): Best Young Stocks to Buy and Hold for the Next Decade

For FQ4 2026, Sandisk Corporation (NASDAQ:SNDK) expects continued momentum with revenue projected between $7.75 billion and $8.25 billion. Non-GAAP diluted net income is anticipated to range from $30.00 to $33.00 per share, with gross margins expected to climb further to between 79% and 81%.

Sandisk Corporation (NASDAQ:SNDK) develops and manufactures data storage devices and solutions based on NAND flash technology. Its offerings include solid-state drives, embedded products, removable cards, USB drives, and wafers and components, sold through consumer brands and global franchises.

While we acknowledge the risk and potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNDK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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