Postare

I was secretly checking $SNDK in the hallway today, and that green candle finally let me breathe. The earnings still confuse me. $8.97B revenue, up 51% QoQ, 84.6% gross margin, yet the stock got punished. I kept thinking, what does the market even want? Then Investor Day made the missing piece clearer. Eight customers now have long-term agreements covering about 50% of FY27 bits and two-thirds of FY28. Management is targeting roughly 80% gross margin and 50% FCF margin for FY28–30. That changes the story from “NAND cycle trade” to “AI storage with more visibility.” Still, targets are targets. If NAND prices roll over, we’ll see how much of this thesis survives. I almost sold two days ago. My finger was literally on the mouse. 😭 Now I’m curious: how far can $SNDK actually run?