Sandisk Has Surged More Than 3,000% in the Last 12 Months. Could a Stock Split Be Coming?

SNDK has surged more than 3,000% over the past 12 months, trading around $1,400 per share as of July 2026. The rally has sparked speculation about a potential stock split, though management may delay given strong institutional demand and the growing availability of fractional shares.

AI infrastructure adoption is fueling the move. Data center revenue jumped 645% in Q3 fiscal 2026, while edge business revenue climbed 295% in the same period. The company is pivoting toward multiyear contracts to stabilize revenue streams after the explosive growth.

At current levels, SNDK's per-share price sits well above the typical range where companies historically announce splits. Yet the rise of fractional investing through most major brokerages reduces the urgency. Management may also want to avoid attracting short-term speculators who typically flood in following split announcements.

The Q3 results underscore how quickly AI-related demand can scale enterprise hardware revenue. Whether SNDK can sustain triple-digit growth rates through 2027 will depend on contract renewals and new data center deployments.