Sandisk Corporation reported a strong Q1 with revenue up 378% year-over-year to $11.03 billion, an 85.1% gross margin, and $5.7 billion in adjusted free cash flow. Data center revenue now accounts for 43.5% of its business. The company secured long-term contracts guaranteeing $93.9 billion in minimum revenue, making a fundamental collapse unlikely. Despite these positive results and a raised outlook, shares fell 13%, possibly due to market skepticism. The stock split of 8-for-1 was also announced, aiming to increase liquidity. The analyst views Sandisk as a strong buy unless there is a severe, sustained drop in NAND prices.
SanDisk shares trade at USD 1,109.43 on Pluang as of Nov 04, 2026 00:41 WIB, up 3.20% in the last day. The stock's market cap stands at $152.97 billion with a 52-week high of $2.34K and low of $194.38. Despite recent positive news, Pluang order activity shows 77% selling and 23% buying, reflecting mixed investor sentiment.
SanDisk's stock surged 7% following a rebound in memory stocks after a selloff triggered by cautious profit guidance from Kioxia, its manufacturing partner. Despite the gain, SanDisk remains down 35% over the past month due to concerns over slowing N...
Micron shares dropped 4% following a cautious December-quarter forecast from Kioxia, Japan's largest memory chipmaker, which also caused declines in Western Digital and SanDisk stocks. Kioxia's forecast showed only a slight profit increase and missed...
Sandisk Corporation is downgraded to Hold due to slowing memory price increases and decelerating growth. Sequential revenue and earnings per share growth rates are declining, with second-quarter guidance suggesting further slowdown across all busines...
SanDisk has reported six consecutive earnings beats and a 372% revenue increase, driven by strong AI-related demand for memory technology. Despite a recent 22% drop in share price over the past month, the stock remains up 481% year-to-date but is sti...
Sandisk Corporation reported Q1 revenue and earnings per share well above its guidance, driven by a 61% sequential increase in data center revenue and an 85% gross margin. Despite a recent 39% drop in its stock price, the company trades at just 5 tim...
