Sandisk reported a strong quarter beating revenue and earnings estimates, raised its guidance, announced a $5 billion buyback, and an 8-for-1 stock split. Despite these positives, its shares fell 9%, dragging down other memory stocks like Western Digital, Seagate, and Micron. The selloff reflects profit-taking and concerns over high memory prices affecting demand, especially in consumer markets. Investors will watch if data center demand can sustain pricing and if the sector stabilizes after this broad decline.
As of Oct 30, 2026 20:31 WIB, SanDisk shares on Pluang are down 8.95% at USD 1,211.00, with a market cap of $192.23B and heavy selling pressure at 73% sell orders. Western Digital and Seagate also face declines, trading down 6.51% and 7.13% respectively. Micron is down 5.41%, reflecting a broad sector selloff in memory stocks. The most notable figure is SanDisk's nearly 9% drop despite its strong earnings and guidance.
SanDisk announced that demand for its NAND flash chips under long-term deals surpasses its production capacity through the end of the decade, yet its stock dropped over 5% despite a strong fiscal quarter and an 8-for-1 stock split aimed at improving ...
Sandisk's Q1 earnings surpassed expectations with revenue 3% above estimates and EPS 6.7% higher, supported by an operating margin over 80%. The company's New Business Model contracts, backed by $89 billion in remaining performance obligations and fi...
Memory chip stocks, including Sandisk and Micron, fell about 5% after Samsung Electronics missed profit expectations despite strong AI chip demand. Samsung's quarterly net profit was below estimates, causing a sell-off in memory stocks ahead of Sandi...
Sandisk's stock fell 23% over the past month due to concerns over AI spending but surged 6% following Seagate's strong quarterly report showing 61% revenue growth and robust storage demand. Seagate's CEO highlighted long-term supply agreements throug...
SK Hynix reported a record 632% increase in operating profit for Q3 2026, driving its shares up 8% premarket. The company also announced a $45 billion shareholder return plan, boosting investor confidence. This surge positively influenced other memor...
