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 business segments. Gross margin expansion has stalled, and early signs of demand weakening are seen in consumer and edge markets due to higher prices. Despite low valuation metrics, technical indicators suggest potential further downside or consolidation, as near-term catalysts are lacking.
SanDisk shares are down 4.69% on Pluang, trading at USD 1,097.46 as of Nov 03, 2026 02:01 WIB. The stock shows a strong sell sentiment with 77% of order activity leaning towards selling at this time.
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 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...
Sandisk reported a 61% sequential increase in data center revenue to $4.8 billion, which accounted for about 88% of the company's total quarterly revenue growth. Agreements now cover around half of fiscal 2027's supply and two-thirds of fiscal 2028's...
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, h...
