Sandisk (NASDAQ:SNDK) Releases Q3 2026 Earnings Guidance

Sandisk (NASDAQ:SNDK) updated its third quarter 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 12.000-14.000 for the period, compared to the consensus estimate of 3.450. The company issued revenue guidance of $4.4 billion-$4.8 billion, compared to the consensus revenue estimate of $2.9 billion.

Sandisk Stock Up 6.9%

Shares of SNDK stock opened at $576.25 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The stock has a market cap of $84.45 billion and a P/E ratio of -75.92. Sandisk has a 52 week low of $27.89 and a 52 week high of $676.69. The company’s fifty day simple moving average is $308.87 and its two-hundred day simple moving average is $178.65.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.37%. The business’s revenue was up 61.2% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SNDK. Benchmark boosted their target price on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. The Goldman Sachs Group raised their price target on Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald boosted their price objective on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a report on Friday. Wedbush increased their target price on Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Mizuho set a $600.00 target price on shares of Sandisk in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $490.60.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results substantially beat expectations — revenue ~ $3.02B (up ~61% y/y) and EPS far above consensus; management cited strong enterprise/datacenter and AI demand. Earnings Release & Slides
• Positive Sentiment: Blowout Q3 guidance: revenue guidance around $4.4–4.8B and EPS guidance (~$12–14) well above consensus, signaling much stronger demand and pricing than Street expected. Reuters: Forecast + AI Demand
• Positive Sentiment: Extended strategic supply/joint-venture support — Sandisk and Kioxia extended the Yokkaichi JV through 2034, reducing supply uncertainty for NAND output. Business Wire: JV Extension
• Positive Sentiment: Analyst reactions pushed price targets higher (examples: Wedbush raised PT to $740; Mizuho raised PT to $600), reinforcing bullish investor sentiment. Benzinga: Analyst Moves
• Neutral Sentiment: Wide media and aftermarket coverage (Barron’s, Investopedia, Zacks, Seeking Alpha) is increasing visibility and trading interest — amplifies momentum but not a fundamental change by itself. Barron’s Coverage
• Neutral Sentiment: Heavy options and leverage activity has been reported, which can increase intraday volatility; useful for traders, but adds short-term risk. Yahoo Finance: Options Activity
• Negative Sentiment: Valuation and momentum risks: the stock has already surged strongly (huge YTD/IPO run), producing an elevated P/E and leaving limited margin for execution misses or a demand slowdown; some investors may view the rally as stretched. Invezz: Valuation/Outlook
• Negative Sentiment: Macro/market risk: broader futures/market moves and any cooling in AI capex could quickly reverse sentiment given the large run-up. Benzinga: Macro Movers

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC purchased a new stake in shares of Sandisk in the 3rd quarter worth approximately $159,000. Captrust Financial Advisors purchased a new stake in Sandisk during the third quarter worth $1,542,000. Coldstream Capital Management Inc. purchased a new stake in Sandisk during the third quarter worth $247,000. Danske Bank A S bought a new stake in Sandisk during the 3rd quarter valued at $123,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth $70,000.

Sandisk Company Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.