Sandisk (SNDK): Pricing contracts with built-in depreciation
Sandisk announced $94B in pricing contracts with built-in depreciation, providing revenue visibility but limiting upside from tighter memory supply, as highlighted by Micron. The stock has fallen on the negative implications, though customer money is keeping pace with the contract boom.
Move beyond the market by session
In typical days (σ): the move of SNDK beyond its usual link to QQQ. Darker bars are days with an event of the storyline; R marks a report window.
Chronology
Events of the storyline in the order they reached our feed, New York time. An event is one fact; its first headline and up to three other reports are shown.
Evening assessments
Every evening at 22:00 UTC while the storyline had news in the last three days. The model saw only the events that had arrived by then and the daily moves of the stock beyond the market.
20%−10 • —
Sandisk announced $94B in pricing contracts with built-in depreciation, providing revenue visibility but limiting upside from tighter memory supply, as highlighted by Micron. The stock has fallen on the negative implications, though customer money is keeping pace with the contract boom.
Why: The contracts' depreciation and supply constraints create opposing forces, and no specific catalyst is imminent, but any new news could swing the stock moderately. · size: medium · priced in: partly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-10-07 22:00 UTC (Wednesday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook - 10-02 03:43 Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain. - 10-06 08:49 Sandisk: Customer Money Is Keeping Pace With The Contract Boom Stock move beyond the market by session, in typical days (sigma): 09-30 -0.0, 10-01 +0.3, 10-02 -1.3, 10-05 -0.7, 10-06 -0.7, 10-07 +0.5
30% • a new contract announcement or a change in pricing terms
Sandisk has $94B in contracts with built-in price depreciation, limiting its ability to benefit from tighter memory supply. Recent comments from Micron highlighted supply tightness but also Sandisk's limitation, causing a sharp stock decline. Sandisk's latest statement that customer money is keeping pace did not stem the sell-off, leaving uncertainty about future pricing power.
Why: The market has reacted negatively to the contract limitation, but further news could either confirm or alleviate concerns, leading to a significant move. · size: medium · priced in: partly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-10-06 22:00 UTC (Tuesday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook - 10-02 03:43 Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain. - 10-06 08:49 Sandisk: Customer Money Is Keeping Pace With The Contract Boom Stock move beyond the market by session, in typical days (sigma): 09-29 +0.1, 09-30 -0.0, 10-01 +0.3, 10-02 -1.3, 10-05 -0.7, 10-06 -0.7
30%+10 • —
Sandisk disclosed pricing contracts with built-in depreciation and $94B in contracts, but Micron's forecast of tighter memory supply in 2028 highlighted that Sandisk's contracts limit its upside, causing a sharp stock decline on Oct 2.
Why: The market has partially reacted to the contract limitation, but uncertainty remains about future contract terms or demand shifts. · size: large: over two typical days · priced in: partly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-10-04 22:00 UTC (Sunday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook - 10-02 03:43 Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain. Stock move beyond the market by session, in typical days (sigma): 09-25 -0.0, 09-28 -0.0, 09-29 +0.1, 09-30 -0.0, 10-01 +0.3, 10-02 -1.3
20%−20 • —
Sandisk's pricing contracts with built-in depreciation limit its ability to benefit from tightening memory supply, as highlighted by Micron's comment on 10-02, causing a sharp stock drop. The market awaits further details on contract terms or industry updates.
Why: The market has partially discounted the contract limitation but awaits concrete evidence of its impact on earnings. · size: medium · priced in: partly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-10-03 22:00 UTC (Saturday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook - 10-02 03:43 Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain. Stock move beyond the market by session, in typical days (sigma): 09-25 -0.0, 09-28 -0.0, 09-29 +0.1, 09-30 -0.0, 10-01 +0.3, 10-02 -1.3
40%+20 ▼ Sandisk's clarification or update on contract terms, or an analyst report addressing the limitation
Sandisk announced pricing contracts with built-in depreciation, then reinforced an $94B contract outlook. On Oct 2, Micron warned of tighter memory supply in 2028 but noted Sandisk's contracts limit its gains, causing a sharp -1.3 sigma stock drop. The market now awaits Sandisk's response or any contract renegotiation.
Why: The large negative move partially prices in the contract limitation, but further negative details or lack of mitigation could drive additional downside. · size: medium · priced in: partly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-10-02 22:00 UTC (Friday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook - 10-02 03:43 Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain. Stock move beyond the market by session, in typical days (sigma): 09-25 -0.0, 09-28 -0.0, 09-29 +0.1, 09-30 -0.0, 10-01 +0.3, 10-02 -1.3
20%+15 • —
Sandisk announced pricing contracts with built-in depreciation on 09-21, causing a sharp 1.9-sigma drop, then on 09-25 revealed $94B in contracts reinforcing the outlook, but the stock was flat. The market has absorbed both pieces of news and awaits further clarity on the depreciation's impact.
Why: The flat reaction to the positive $94B contract news suggests the market has already priced in the outlook, leaving little room for a near-term catalyst without a new fact. · size: medium · priced in: mostly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-09-27 22:00 UTC (Sunday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook Stock move beyond the market by session, in typical days (sigma): 09-18 +1.5, 09-21 -1.9, 09-22 +0.7, 09-23 -0.2, 09-24 -0.6, 09-25 -0.0
5%−15 • —
Sandisk disclosed that its pricing contracts include built-in price depreciation, causing a sharp drop, but later announced $94B in contracts reinforcing its outlook, which stabilized the stock. The market has now absorbed both pieces of news, leaving no immediate catalyst.
Why: The stock has already reacted to the depreciation and contract news, and without a pending event, any surprise within five days is unlikely and would likely be minor. · size: small: under one typical day · priced in: mostly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-09-26 22:00 UTC (Saturday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook Stock move beyond the market by session, in typical days (sigma): 09-18 +1.5, 09-21 -1.9, 09-22 +0.7, 09-23 -0.2, 09-24 -0.6, 09-25 -0.0
20% ▲ —
Sandisk announced that its pricing contracts have built-in price depreciation, causing a negative stock reaction. Later, it revealed $94B in contracts reinforcing its outlook, which stabilized the stock. No further specific events are pending.
Why: The positive contract news has not yet been reflected in the stock price, suggesting potential upside if the market reassesses, but no near-term catalyst is identified. · size: small: under one typical day · priced in: little
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-09-25 22:00 UTC (Friday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation - 09-25 21:42 Sandisk: $94B In Contracts Reinforces Outlook Stock move beyond the market by session, in typical days (sigma): 09-18 +1.5, 09-21 -1.9, 09-22 +0.7, 09-23 -0.2, 09-24 -0.6, 09-25 -0.0
20%+20 ▼ —
On September 21, Sandisk disclosed that its pricing contracts include built-in price depreciation, triggering a 1.9 sigma stock decline. The stock has partially recovered over the next two sessions. No specific upcoming events are scheduled, but further negative details or analyst downgrades could emerge.
Why: The initial drop was significant but incomplete, as the full revenue impact of built-in depreciation remains unclear, leaving room for additional negative surprises. · size: medium · priced in: partly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-09-23 22:00 UTC (Wednesday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation Stock move beyond the market by session, in typical days (sigma): 09-16 -0.1, 09-17 +0.1, 09-18 +1.5, 09-21 -1.9, 09-22 +0.7, 09-23 -0.2
0%−30 • —
Sandisk announced on September 21 that its pricing contracts include built-in price depreciation, causing a sharp 1.9-sigma drop that day, followed by a partial 0.7-sigma recovery on September 22. No further events or catalysts are provided.
Why: The market has already reacted to the announcement, and no additional decisive steps or surprises are indicated in the given chronology. · size: small: under one typical day · priced in: mostly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-09-22 22:00 UTC (Tuesday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation Stock move beyond the market by session, in typical days (sigma): 09-15 +0.1, 09-16 -0.1, 09-17 +0.1, 09-18 +1.5, 09-21 -1.9, 09-22 +0.7
30% ▼ —
Sandisk announced that its pricing contracts have built-in price depreciation, implying lower future revenues. The stock reacted with a sharp decline of -1.9 sigma on the day of the news, following a large positive move the previous session. No further details or next steps have been disclosed yet.
Why: The news of built-in depreciation is negative for revenue outlook, and while the market has already sold off sharply, the full impact and any potential clarification or guidance revision remain uncertain. · size: medium · priced in: partly
What the model was given · DeepSeek-V4-Flash, thinking high · a2
Company: SNDK (Sandisk). Now: 2026-09-21 22:00 UTC (Monday). Storyline: Pricing contracts with built-in depreciation Chronology (UTC): - 09-21 13:34 Sandisk: Pricing Contracts Have Inbuilt Price Depreciation Stock move beyond the market by session, in typical days (sigma): 09-14 -0.4, 09-15 +0.1, 09-16 -0.1, 09-17 +0.1, 09-18 +1.5, 09-21 -1.9
How the model built the storyline
For each event the model was shown the company’s active storylines and chose: continue one, start a new one or treat the event as a one-off.
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New storyline · Sandisk: Pricing Contracts Have Inbuilt Price Depreciation
Question and answer · DeepSeek-V4-Flash, thinking high · s2
Company: SNDK (Sandisk) New event (09-21 13:34 UTC): Sandisk: Pricing Contracts Have Inbuilt Price Depreciation Storylines: 1. Storage bid concentration speculation first (09-18 16:03): SanDisk Jumps 6% as Storage Bid Concentrates in One Name; Western Digital Rises 3%, Micron Ticks Up 2. New Chinese NAND rival targets AI memory market first (09-18 14:47): Micron, SanDisk Face New China Rival: Trouble for MU and SNDK Ahead? 3. Sandisk $14B buyback and Warren Buffett comment first (09-18 04:03): Sandisk Unveiled an $14 Billion Buyback and Warren Buffett Has Something to Say About It 4. Potential stock split frenzy due to high stock price first (09-15 15:30): Sandisk $1,500 Stock Price Ignites Fresh Split Frenzy 5. Kioxia eyes $10B US listing amid AI memory boom first (09-15 08:02): Watch Out SKHY, MU, SNDK: Japan’s Kioxia Reportedly Eyes $10B US Listing To Ride AI Memory Boom 6. DeepSeek AI tech reduces memory needs, impact on Sandisk SSD demand first (09-11 07:30): SK Hynix, Samsung Shares Dip In Korea After DeepSeek Debuts AI Tech That Uses Less Memory – Micron, SanDisk Hold Up latest (09-14 17:44): SanDisk Falls 4.6% With Prices Driving Two-Thirds of Its Quarterly Sales Jump → {"story": 0, "title": "Pricing contracts with built-in depreciation"} -
Continues the storyline · Sandisk: $94B In Contracts Reinforces Outlook
Question and answer · DeepSeek-V4-Flash, thinking high · s2
Company: SNDK (Sandisk) New event (09-25 21:42 UTC): Sandisk: $94B In Contracts Reinforces Outlook Storylines: 1. Supply worsening first (09-23 20:34): Sandisk: Supply Is Getting Worse And Worse 2. Sandisk $14B buyback and Warren Buffett comment first (09-18 04:03): Sandisk Unveiled an $14 Billion Buyback and Warren Buffett Has Something to Say About It latest (09-23 15:30): Sandisk's $15.5 Billion Buyback Could Retire Up To 5.6% Of Current Shares 3. Pricing contracts with built-in depreciation first (09-21 13:34): Sandisk: Pricing Contracts Have Inbuilt Price Depreciation 4. Storage bid concentration speculation first (09-18 16:03): SanDisk Jumps 6% as Storage Bid Concentrates in One Name; Western Digital Rises 3%, Micron Ticks Up 5. New Chinese NAND rival targets AI memory market first (09-18 14:47): Micron, SanDisk Face New China Rival: Trouble for MU and SNDK Ahead? 6. Potential stock split frenzy due to high stock price first (09-15 15:30): Sandisk $1,500 Stock Price Ignites Fresh Split Frenzy 7. Kioxia eyes $10B US listing amid AI memory boom first (09-15 08:02): Watch Out SKHY, MU, SNDK: Japan’s Kioxia Reportedly Eyes $10B US Listing To Ride AI Memory Boom 8. DeepSeek AI tech reduces memory needs, impact on Sandisk SSD demand first (09-11 07:30): SK Hynix, Samsung Shares Dip In Korea After DeepSeek Debuts AI Tech That Uses Less Memory – Micron, SanDisk Hold Up latest (09-14 17:44): SanDisk Falls 4.6% With Prices Driving Two-Thirds of Its Quarterly Sales Jump → {"story": 3} -
Continues the storyline · Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain.
Question and answer · DeepSeek-V4-Flash, thinking high · s2
Company: SNDK (Sandisk) New event (10-02 03:43 UTC): Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain. Storylines: 1. Sandisk selling top of edge business first (10-01 17:47): Sandisk Is Selling The Top Of Its Edge Business 2. Sandisk price reaction to Micron earnings reports first (09-28 23:17): Sandisk Jumped 22% the Day After Micron's Last Report. Micron Reports Again Wednesday. latest (10-01 06:34): Sandisk (SNDK) call put ratio 1.7 calls to put into Micron Technology (MU) quarter results and outlook 3. Sandisk Q1 FY2027 earnings report first (09-29 21:40): Sandisk to Report First Quarter Fiscal Year 2027 Results on October 29, 2026 4. Sandisk $14B buyback and Warren Buffett comment first (09-18 04:03): Sandisk Unveiled an $14 Billion Buyback and Warren Buffett Has Something to Say About It latest (09-28 02:05): Should You Buy Sandisk Stock After Its $14 Billion Buyback Announcement? 5. Pricing contracts with built-in depreciation first (09-21 13:34): Sandisk: Pricing Contracts Have Inbuilt Price Depreciation latest (09-25 21:42): Sandisk: $94B In Contracts Reinforces Outlook 6. Supply worsening first (09-23 20:34): Sandisk: Supply Is Getting Worse And Worse 7. Storage bid concentration speculation first (09-18 16:03): SanDisk Jumps 6% as Storage Bid Concentrates in One Name; Western Digital Rises 3%, Micron Ticks Up 8. New Chinese NAND rival targets AI memory market first (09-18 14:47): Micron, SanDisk Face New China Rival: Trouble for MU and SNDK Ahead? → {"story": 5} -
Continues the storyline · Sandisk: Customer Money Is Keeping Pace With The Contract Boom
Question and answer · DeepSeek-V4-Flash, thinking high · s2
Company: SNDK (Sandisk) New event (10-06 08:49 UTC): Sandisk: Customer Money Is Keeping Pace With The Contract Boom Storylines: 1. Supply worsening first (09-23 20:34): Sandisk: Supply Is Getting Worse And Worse latest (10-02 13:58): Surging 700% in 2026, SanDisk Takes Center Stage in Global NAND Storage Squeeze 2. Pricing contracts with built-in depreciation first (09-21 13:34): Sandisk: Pricing Contracts Have Inbuilt Price Depreciation latest (10-02 03:43): Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain. 3. Sandisk selling top of edge business first (10-01 17:47): Sandisk Is Selling The Top Of Its Edge Business 4. Sandisk price reaction to Micron earnings reports first (09-28 23:17): Sandisk Jumped 22% the Day After Micron's Last Report. Micron Reports Again Wednesday. latest (10-01 06:34): Sandisk (SNDK) call put ratio 1.7 calls to put into Micron Technology (MU) quarter results and outlook 5. Sandisk Q1 FY2027 earnings report first (09-29 21:40): Sandisk to Report First Quarter Fiscal Year 2027 Results on October 29, 2026 6. Sandisk $14B buyback and Warren Buffett comment first (09-18 04:03): Sandisk Unveiled an $14 Billion Buyback and Warren Buffett Has Something to Say About It latest (09-28 02:05): Should You Buy Sandisk Stock After Its $14 Billion Buyback Announcement? → {"story": 2}