Sandisk's fiscal Q4 earnings beat estimates as stronger pricing, higher volumes and rapid Datacenter growth drove revenues sharply higher.
SanDisk plunged after soft revenue guidance, but strong AI memory demand remains intact. These ETFs offer a diversified way to buy the dip.
Sandisk (NASDAQ:SNDK) shares fell nearly 7% on Thursday after the data storage company issued fiscal first-quarter guidance that came in slightly below some elevated Wall Street expectations, overshadowing a quarterly earnings and revenue beat driven by demand from AI data centers. For the first quarter of fiscal 2027, Sandisk expects revenue of $10.3 billion to $10.8 billion, compared with consensus expectations of about $10.8 billion and estimates as high as $11.16 billion.
Two of the year's hottest stocks are taking a hit today.
Sandisk stock was falling early Thursday after a disappointing outlook from the memory maker seemed to overshadow strong fourth-quarter results.
Sandisk stock slumped 9% in premarket trade on Thursday after the maker of NAND flash chips issued guidance that disappointed investors. Here's what analysts are saying.
SanDisk stock (NASDAQ: SNDK) plunged more than 5% in extended trading on Wednesday, adding to a 5.4% regular-session decline, even though the flash-memory company delivered results that would normally trigger a rally. Adjusted earnings reached $39.25 a share, above Wall Street's $34.96 estimate, while revenue of $8.97 billion beat the $8.48 billion consensus.
Sandisk NASDAQ: SNDK reported record fiscal fourth-quarter revenue, gross margin and earnings per share, with results exceeding the high end of its prior outlook as the company cited growing demand for NAND storage tied to AI inference workloads and data-center expansion.
Sandisk Corporation (SNDK) Q4 2026 Earnings Call Transcript
Sandisk Corporation delivered exceptional Q4 results, with 372% YoY revenue growth and significant operating leverage. SNDK's current valuation at ~6.7x FY 2027 earnings reflects both strong recent performance and cyclical NAND pricing momentum. Industry shifts, new technologies like BiCS and HBF, and robust data center demand could structurally enhance SNDK's earnings profile.
Sandisk Corporation (SNDK) came out with quarterly earnings of $39.25 per share, beating the Zacks Consensus Estimate of $34.24 per share. This compares to earnings of $0.29 per share a year ago.
Sandisk Corporation delivered a strong fiscal Q4, with both earnings and revenues beating estimates by wide margins. SNDK has achieved six consecutive double beats since its spinoff from Western Digital, maintaining a perfect track record. Despite the beat, SNDK shares fell 3%, likely due to revenue guidance coming in below estimates or elevated investor expectations.