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.

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.

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