Sandisk (NASDAQ:SNDK) Announces Quarterly Earnings Results, Beats Estimates By $0.64 EPS

Sandisk (NASDAQ:SNDK) announced its earnings results on Thursday. The data storage provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64, Briefing.com reports. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk updated its Q2 2026 guidance to 3.000-3.40 EPS.

Sandisk Stock Up 15.3%

Shares of SNDK stock traded up $31.79 on Friday, reaching $239.48. 20,475,695 shares of the stock were exchanged, compared to its average volume of 8,496,557. The company has a market capitalization of $35.06 billion and a price-to-earnings ratio of -412.90. The business’s 50 day moving average price is $126.31 and its 200 day moving average price is $70.97. 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 twelve month low of $27.89 and a twelve month high of $240.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SNDK. Weiss Ratings reissued a “sell (d-)” rating on shares of Sandisk in a research report on Wednesday, October 8th. Susquehanna upped their target price on shares of Sandisk from $65.00 to $250.00 and gave the stock a “positive” rating in a research note on Friday. Citigroup increased their target price on shares of Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research upgraded shares of Sandisk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Cantor Fitzgerald upped their price objective on Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.41.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sandisk stock. Merit Financial Group LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,636 shares of the data storage provider’s stock, valued at approximately $408,000.

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.