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SanDisk is positioned for strong growth due to NAND supply tightness, according to Wedbush. The company develops, manufactures, and provides data storage devices and solutions based on NAND flash technology, serving the cloud, client, and consumer end markets. Its portfolio includes solid-state drives, embedded products, removable cards, USB drives, and wafers and components.

Sandisk Corporation (SNDK) is set to release its Q4 earnings on August 14, with analysts expecting 3 cents per share and $1.83 billion in revenue. The company has recently partnered with SK hynix to standardize high bandwidth flash memory technology, which could significantly impact its financial performance and market positioning.

The partnership aims to develop a new memory class that combines the high capacity of NAND flash with the bandwidth capabilities of HBM, potentially transforming how AI models access and process data at scale. This technology, known as High Bandwidth Flash (HBF), could deliver up to 8–16x the capacity of DRAM-based HBM at comparable costs, while still targeting similar bandwidth levels [1].

Sandisk's HBF prototype, developed using its proprietary BiCS NAND and CBA wafer bonding technologies, received the "Most Innovative Technology" award at the Flash Memory Summit 2025. The company has also formed a Technical Advisory Board to guide HBF's development and ecosystem strategy, underscoring its intent to establish HBF as a cross-industry standard [1].

Analysts have initiated coverage of Sandisk with Buy ratings and price targets ranging from $45 to $60. Shares gained 0.4% to close at $47.01 on Wednesday, reflecting optimism about the company's future prospects [1].

The collaboration with SK hynix and the development of HBF align with broader industry shifts, including Samsung's flash-backed AI storage tier and Nvidia's reliance on HBM. If successful, this partnership could pave the way for heterogeneous memory stacks, providing hyperscalers with an alternative to escalating HBM costs and enabling next-gen models that are increasingly bumping against memory ceilings [1].

Sandisk's history of collaborations, such as its recent partnership with Kioxia to develop BiCS9 using CMOS processes, supports its ability to innovate and adapt to market demands. However, the company has not confirmed whether the HBF technology utilizes the same generation of CBA-based BiCS NAND it has worked with Kioxia on [1].

Sandisk's Q4 earnings report will provide investors with a clearer picture of the company's financial health and the potential impact of its HBF technology on future growth prospects.

References:
[1] https://www.tomshardware.com/tech-industry/sandisk-and-sk-hynix-join-forces-to-standardize-high-bandwidth-flash-memory-a-nand-based-alternative-to-hbm-for-ai-gpus-move-could-enable-8-16x-higher-capacity-compared-to-dram