Sandisk (NASDAQ:SNDK) Issues Q2 2026 Earnings Guidance

Sandisk (NASDAQ:SNDK) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 3.000-3.40 for the period, compared to the consensus EPS estimate of 1.770. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.3 billion.

Sandisk Trading Up 0.2%

NASDAQ:SNDK traded up $0.51 during mid-day trading on Friday, hitting $208.20. 11,736,535 shares of the company’s stock were exchanged, compared to its average volume of 4,603,836. The company has a current ratio of 3.56, a quick ratio of 2.11 and a debt-to-equity ratio of 0.20. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $228.88. The company has a 50 day simple moving average of $122.53 and a 200-day simple moving average of $69.53. The firm has a market capitalization of $30.48 billion and a P/E ratio of -358.97.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Sandisk from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Sandisk in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on Sandisk from $50.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, October 13th. Sanford C. Bernstein upgraded Sandisk to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, Wedbush raised their price objective on shares of Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sandisk stock. Osaic Holdings Inc. acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,921 shares of the data storage provider’s stock, valued at approximately $317,000.

About Sandisk

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.