Explore the latest developments concerning Is Sandisk's Incredible.
Is Sandisk's Incredible Run About to End?
Shares of NAND memory chip company Sandisk (NASDAQ: SNDK) are up nearly 385% since January, but since July, they have tumbled by more than 43%.
For the latest double-digit percentage drop in the aftermath of earnings, blame disappointment in both the magnitude of Sandisk's earnings beat and concerns about a further growth slowdown.
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For its fiscal 2027 first quarter, which ended Oct. 2, Sandisk reported around $11 billion in revenue, up 23% quarter over quarter, and up 378% year over year. Earnings came in at $52.60 per share, up 20% quarter over quarter and significantly higher than the 75 cents in earnings reported for the prior-year period. These results also handily beat Wall Street forecasts, which called for revenue of $10.7 billion and earnings per share of $46.67, respectively.
Sandisk: A PEG Of 0.12x Is Just Too Cheap (NASDAQ:SNDK)
Sandisk Corporation (SNDK) aka Sandisk remains one of the most discounted companies that I have ever researched. Every quarter, the company keeps proving to me that there is still quite a lot that the market
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SNDK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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What Did SanDisk’s Quarter Change For Its Stock?
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Shares of SanDisk (SNDK) fell 13.5% on October 30, the session after a fiscal Q1 2027 report that topped analysts’ forecasts. The S&P 500 lost 1.8% during the same session. Even after that fall, the stock is still up 465% over the past year. So what does SanDisk expect for fiscal Q2 2027, and how much of it comes from higher prices?
SanDisk expects revenue of $12.2 billion to $12.6 billion in fiscal Q2 2027. The midpoint of that range sits about 13% above the $11.0 billion it just reported. That is still growth, but the pace is slower than in fiscal Q1, when revenue rose 23% from the previous quarter.
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