Sandisk Stock Has Jumped Over 500% in 2026. It Can Still Become a Multibagger Thanks to This Massive News

SanDisk has locked in a multi-year NAND flash memory supply agreement with Meta Platforms to fuel the social media giant's AI data center buildout. The deal is part of a $42 billion revenue pipeline from five long-term contracts SanDisk has secured, positioning the company to capitalize on an expected 4-5 year memory chip shortage.

The stock has already surged over 500% in 2026, but analysts see room for another 2.6x gain. If earnings hit $232.88 per share within two years, the stock could reach $4,657, according to projections cited by The Motley Fool. Variable pricing clauses in the supply agreements allow SanDisk to capture upside from chip price increases as shortages tighten.

Meta's aggressive AI infrastructure expansion makes it a high-volume, sticky customer for memory chips. The multi-year structure of the deal reduces revenue volatility and gives SanDisk visibility into demand well beyond typical quarterly cycles.

The NAND market has swung from oversupply to deficit as AI workloads drive exponential storage needs. SanDisk's early positioning in long-term contracts could generate outsized margins if spot prices climb during the shortage window.