Sandisk Announces $14 Billion Stock Buyback Amid Strong Financial Performance
In September 2026, Sandisk (NASDAQ:SNDK) announced a $14 billion stock buyback program following its fiscal fourth-quarter earnings report. The move comes as the company has seen an extraordinary surge in share price — up 548% year-to-date and now ranking as the top-performing stock on the Nasdaq-100. This growth is driven by soaring demand for NAND flash memory used in data center SSDs, particularly amid the AI boom. Warren Buffett's perspective on buybacks was referenced to evaluate whether Sandisk’s repurchase strategy aligns with intrinsic value creation. Buffett has long advocated that companies should only buy back shares when they trade below their true business value — a principle seen in Apple's successful buyback history under Tim Cook. Sandisk reported nearly $9 billion in Q4 revenue, up 372% year-over-year, and its data center segment now accounts for almost one-quarter of total sales. The company’s management appears confident that the stock is undervalued relative to future cash flows, with buybacks expected to boost earnings per share growth. This strategy could attract investors focused on EPS expansion rather than just sector-specific tailwinds.
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Topics: Nasdaq-100 performance Sandisk stock buybacks Warren Buffett