Sandisk (NASDAQ:SNDK) Issues Q1 2027 Earnings Guidance

Sandisk (NASDAQ:SNDK) issued an update on its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 44.000-46.000 for the period, compared to the consensus estimate of 41.450. The company issued revenue guidance of $10.3 billion-$10.8 billion, compared to the consensus revenue estimate of $10.4 billion.

Sandisk Stock Down 3.3%

SNDK traded down $42.13 during trading on Friday, hitting $1,216.45. 11,963,754 shares of the company’s stock were exchanged, compared to its average volume of 16,527,645. Sandisk has a fifty-two week low of $41.00 and a fifty-two week high of $2,354.39. The stock has a market cap of $180.14 billion, a P/E ratio of 16.69 and a beta of 5.20. The business’s 50 day moving average is $1,709.64 and its two-hundred day moving average is $1,147.93.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 96.94%. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts forecast that Sandisk will post 185.89 earnings per share for the current year.

Sandisk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SNDK has been the subject of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday. New Street Research set a $3,000.00 price objective on Sandisk in a research note on Thursday. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Susquehanna cut their target price on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research report on Thursday, July 23rd. Finally, Wedbush lifted their target price on Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $1,853.14.

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the sale, the insider directly owned 30,915 shares of the company’s stock, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,246 shares of company stock worth $9,993,292. 0.21% of the stock is owned by insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk reported fiscal Q4 adjusted EPS of $39.25, well above the $33.28 consensus, while revenue reached approximately $8.97 billion and increased 371.6% year over year. Data-center revenue reportedly surged 437% as AI infrastructure demand boosted pricing and volumes. SanDisk Stock Rebounds in Premarket Despite Post-Earnings Volatility
• Positive Sentiment: The board authorized a $14 billion share-repurchase program, potentially retiring up to 6.6% of outstanding shares. The buyback signals management’s confidence and could support per-share earnings. SanDisk to Buy Back $14 Billion in Shares
• Positive Sentiment: Bullish analysts argue that AI-driven storage demand, long-term customer agreements, and roughly $94 billion in minimum revenue commitments could make earnings more durable and reduce SanDisk’s traditional NAND-cycle exposure. SanDisk Won’t Be This Cheap for Long
• Neutral Sentiment: Analyst opinion is split. Some firms upgraded the stock or maintained bullish ratings, while Jefferies cut its price target to $1,750 from $3,000 because of concerns about NAND pricing and margins. Jefferies Cuts SanDisk Price Target
• Negative Sentiment: The primary reason shares decreased is that fiscal Q1 2027 revenue guidance of $10.3 billion to $10.8 billion was viewed as slightly below elevated Wall Street expectations. Investors also fear SanDisk may be giving up some near-term margin to secure longer-term strategic contracts. SanDisk Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
• Negative Sentiment: After a dramatic rally, expectations and valuation are unusually high. Any slowdown in AI spending, a NAND supply increase, or weaker pricing could cause a sharp correction despite strong reported earnings.

Institutional Trading of Sandisk

A number of hedge funds have recently bought and sold shares of SNDK. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Atlas Capital Advisors Inc. bought a new position in Sandisk during the fourth quarter valued at about $38,000. DV Equities LLC purchased a new stake in Sandisk during the fourth quarter worth about $47,000. Summit Securities Group LLC purchased a new stake in Sandisk during the fourth quarter worth about $49,000. Finally, Parallel Advisors LLC bought a new stake in Sandisk in the third quarter worth about $30,000.

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.