Subscribe to our newsletter! Stay always in touch!
Nothing on this website or any associated links should be considered financial advice. Always consult a qualified financial, tax, or accounting professional before making any financial decisions.
Disclaimer: The information provided by The People’s Economist (TPE) in our financial calculators and dashboards is for general informational purposes only and is not intended to provide specific financial or investment advice. The calculations provided by these tools are based on certain assumptions that may vary with your specific circumstances. Though TPE does our best to assure the accuracy of our calculators, we make certain simplifying assumptions in some cases and the results of the financial calculators are not guaranteed and are not a substitute for professional financial advice. Users should seek the advice of a finance professional before making any financial decisions. Though we do our best to ensure the accuracy of the calculators, TPE is not responsible for any errors or omissions, or for any action taken in reliance on information contained on this website. TPE expressly disclaims all liability in respect of any actions taken or not taken based on any contents of this website. By using TPE financial calculators and dashboards, you agree to hold TPE harmless from any and all losses, liabilities, or expenses incurred as a result of using the information provided. The use of TPE Website and its contents does not create a client relationship with TPE. TPE may update or modify this disclaimer at any time without prior notice. By continuing to use TPE’s financial calculators after any changes to this disclaimer, you accept and agree to any and all modifications. Please contact us with any questions or concerns about this disclaimer or its use of financial calculators
What happened: Sandisk (SNDK) stock sank 4% in after-hours trading on Wednesday.
What's behind the move: The flash memory and storage manufacturer issued revenue guidance for the company's fiscal first quarter that came in below analyst expectations.
The company expects Q1 revenue of $10.3 billion to $10.8 billion, versus estimates of $11.16 billion.
More from Yahoo Scout How is SanDisk benefiting from AI infrastructure demand? What drove SanDisk's exceptional 490% stock performance? What's the significance of SanDisk's SK Hynix partnership? Why did SanDisk stock drop despite beating earnings?
Sandisk said fiscal fourth quarter revenue was $8.79 billion, beating Wall Street consensus estimates of $8.64 billion. The company noted that revenue growth came from approximately one-third higher volumes and two-thirds higher pricing.
Sandisk also delivered adjusted earnings per share of $39.25, topping estimates of $34.37. The forecast for adjusted earnings per share for the current quarter was between $44 and $46, versus estimates of $45.58.
Sandisk also expanded its share repurchase authorization by approving an additional $14 billion buyback program.
What else you need to know: Sandisk, which spun off from Western Digital (WDC) in February 2025, has been one of the stock market's biggest winners this year as memory and storage have emerged as key bottlenecks in the AI infrastructure build-out.
The stock is up nearly 490% year to date and has been the best performer in the S&P 500 (^GSPC) since the start of 2026.
Wall Street has 25 Buy ratings on the stock, 5 Holds, and no Sells, with the average price target just north of $2,400.
Earlier this week, Sandisk shares jumped after the company, in collaboration with memory maker SK Hynix (SKHY), released a new hardware blueprint designed to make AI chips faster and cheaper to run. By creating a shared standard for high-speed memory, the partnership aims to reduce data center costs and accelerate the rollout of advanced AI apps.
Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.
Click here for an in-depth analysis of the latest stock market news and events moving stock prices
Read the latest financial and business news from Yahoo Finance
