SanDisk (SNDK.US) financial report shines + all new products have increased prices by over 10%, Bench maintains a "buy" rating and raises target price to $85.

SanDisk Corp (SNDK.US), one of the tech stocks currently attracting attention, recently received a major positive update. On September 8th, Benchmark announced that it had raised SanDisk's target price from $70 to $85 and maintained a "buy" rating. Behind this upgrade, the company simultaneously disclosed key business dynamics new pricing and orders for channel and consumer customers, with all product prices raised by over 10%. In terms of financial performance, SanDisk presented impressive results: fourth-quarter revenue for the 2025 fiscal year reached $19.01 billion, an increase of 12% quarter-on-quarter and 8% year-on-year; total revenue for the year reached $73.55 billion, a 10% increase from the 2024 fiscal year. This growth is mainly due to moderate single-digit increases in shipping volume and average selling price (ASP) of storage capacity. Looking at the business structure, the contribution of the data center business is significant, accounting for over 12% of total shipping volume with cloud business revenue of $2.13 billion, a 25% year-on-year increase; client business revenue of $11.03 billion, and consumer business revenue of $5.85 billion, with growth in each sector contributing to a strong revenue foundation. As a leading company in the NAND flash memory technology field, SanDisk Corporation focuses on developing, manufacturing, and selling NAND flash-based data storage devices and solutions, with operations spanning across the United States, Europe, the Middle East, Africa, Asia, and other global regions.