Sandisk Corporation reported a strong fiscal Q1 2027 with $11.03 billion in revenue and $49.51 adjusted EPS, significantly exceeding expectations. Growth was fueled by its datacenter and Edge segments, although the consumer segment showed weakness, highlighting a shift towards enterprise and AI markets. Management forecasts Q2 revenue between $12.2 billion and $12.6 billion and adjusted EPS of $55.00 to $57.00, maintaining optimistic guidance despite market doubts. The stock is considered undervalued with a low forward P/E ratio, as the market may be prematurely pricing in a peak despite no signs of demand slowing.
SanDisk holds a substantial market cap of $192.23 billion as of Oct 30, 2026, 23:12 WIB, reflecting its significant presence in the technology sector. Despite strong fiscal results reported recently, the stock price on Pluang is down 12.09% at USD 1,169.20, with a high volume of 7,815,071 shares traded. The platform shows a majority of sell orders at 73%, indicating cautious sentiment among investors with a typical hold time of 16 days.
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 Dig...
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...
