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 guidance of 12.000-14.000 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

A number of brokerages recently issued reports on SNDK. The Goldman Sachs Group restated a “buy” rating and issued a $320.00 price target on shares of Sandisk in a research note on Friday, January 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sandisk in a research report on Friday. Wall Street Zen lowered Sandisk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. Finally, Wedbush lifted their price objective on shares of Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.75.

Sandisk Price Performance

NASDAQ:SNDK opened at $539.30 on Friday. The company’s 50-day moving average is $301.35 and its two-hundred day moving average is $174.97. Sandisk has a 12-month low of $27.89 and a 12-month high of $546.75. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The firm has a market cap of $79.03 billion and a price-to-earnings ratio of 1,685.31.

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

Insider Activity

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated 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 owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results — Sandisk reported a large beat on profit and revenue, with strong margin and enterprise SSD demand that management tied to AI workloads. This is the immediate catalyst that sent shares sharply higher after hours. Sandisk Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Blistering Q3 guidance — Management gave Q3 EPS and revenue guidance (EPS range ~12.00–14.00; revenue $4.4–4.8B) well above Street expectations, signaling stronger-than-expected demand and margin expansion ahead. That guidance drove additional upside in sentiment. SanDisk Stock Soars After Q2 Blowout Earnings, Blockbuster Q3 Guidance
• Positive Sentiment: Supply certainty extended — Sandisk and Kioxia extended their Yokkaichi joint-venture agreement through 2034, securing long-term NAND supply capacity that supports the company’s growth and reduces execution risk for AI-related demand. Kioxia and Sandisk Extend Yokkaichi Joint Venture Agreement Through 2034
• Positive Sentiment: Analyst upgrade and higher price target — Mizuho raised its SNDK price target to $600 (from $410), citing NAND pricing tailwinds and AI demand, which supports further upside from institutional coverage. Mizuho Raises SanDisk (SNDK) PT, Cites Massive NAND Pricing Tailwinds, AI Demand
• Neutral Sentiment: Broader market pressure — U.S. futures dipped on macro headlines (including anticipation around a new Fed chair pick), which could cap intraday gains even as SNDK-specific news is bullish. Stock Market Today: Nasdaq, S&P 500 Futures Decline As Investors Await Trump’s New Fed Chair Pick— SanDisk, Deckers, Robinhood In Focus
• Neutral Sentiment: Options/volatility attention — Increased options and leverage activity has reframed SNDK’s volatility and valuation profile; useful for traders but adds execution-risk for longer-term investors. Sandisk Leverage And Options Activity Reframe Valuation And Volatility Profile
• Negative Sentiment: Stretched valuation and high volatility risk — The stock has run dramatically over recent sessions (large after-hours and premarket jumps), leaving valuation metrics very elevated and increasing the risk of sharp pullbacks if demand or pricing expectations temper. SanDisk Q2 Earnings Preview: What To Expect After 1,300% Stock Gains

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $159,000. Captrust Financial Advisors purchased a new stake in Sandisk in the third quarter valued at approximately $1,542,000. Coldstream Capital Management Inc. purchased a new position in shares of Sandisk in the 3rd quarter worth about $247,000. Danske Bank A S bought a new stake in Sandisk in the third quarter worth $123,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Sandisk during the third quarter valued at approximately $70,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.