Sandisk (NASDAQ:SNDK) Issues Q4 2026 Earnings Guidance

Sandisk (NASDAQ:SNDK) issued an update on its fourth quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 30.000-33.000 for the period, compared to the consensus EPS estimate of 21.760. The company issued revenue guidance of $7.8 billion-$8.3 billion, compared to the consensus revenue estimate of $6.3 billion.

Sandisk Stock Up 3.0%

Shares of NASDAQ SNDK traded up $32.30 during mid-day trading on Thursday, hitting $1,096.51. The company had a trading volume of 14,102,994 shares, compared to its average volume of 18,500,436. The company has a market capitalization of $161.85 billion, a PE ratio of -144.47 and a beta of 5.04. The firm has a 50-day simple moving average of $743.66 and a two-hundred day simple moving average of $465.19. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. Sandisk has a one year low of $32.48 and a one year high of $1,115.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating the consensus estimate of $3.31 by $2.89. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company’s revenue was up 61.2% compared to the same quarter last year. On average, equities analysts expect that Sandisk will post 39.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SNDK shares. Wedbush lifted their price target on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday. Mizuho lifted their price target on Sandisk from $710.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. The Goldman Sachs Group lifted their price target on Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Citigroup lifted their price target on Sandisk from $875.00 to $980.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and an average price target of $812.95.

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts say Sandisk could beat its own guidance as NAND pricing rose faster than expected, implying upside to revenue and margins. Sandisk could blow past its own guidance as NAND pricing hits triple digits
• Positive Sentiment: Peer results (Seagate) and broader memory demand from AI workloads have reinforced the narrative of structural demand for NAND — supporting higher consensus estimates for Sandisk. SanDisk stock surges as Seagate confirms AI storage demand
• Positive Sentiment: Major sell‑side upgrades and raised price targets ahead of the print (e.g., Morgan Stanley / others) are supporting buying into earnings. Top Analyst Lifts SanDisk Stock (SNDK) Price Target
• Neutral Sentiment: Options markets are pricing a very large post‑earnings move (~21%), indicating traders expect volatility but not direction; this amplifies both upside and downside risk around the print. Wall Street Braces for 21% Post-Report Swing
• Neutral Sentiment: High short interest and heavy retail/quant participation have contributed to large intraday moves this year — this can magnify rallies (squeeze) or exacerbate drops if sentiment flips. Why SanDisk Stock Is Climbing On Thursday?
• Negative Sentiment: Several outlets warn the rally may be overextended (3,000%+ YTD) and flag valuation risk — a disappointing print or any sign of slowing pricing could trigger a large selloff. SanDisk Looks Overvalued, Stock Set for 32% Drop
• Negative Sentiment: Even with upside expectations, Barron’s and others note earnings will be a stress test for the AI rally — a miss on revenue, guidance, or signs of easing NAND prices could quickly reverse gains. Sandisk Stock Has Soared 3,300%. Earnings Will Test the AI Rally.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently bought and sold shares of the stock. Compound Planning Inc. acquired a new stake in Sandisk during the fourth quarter worth approximately $452,000. Invesco Ltd. lifted its position in Sandisk by 88.9% during the fourth quarter. Invesco Ltd. now owns 1,326,405 shares of the data storage provider’s stock worth $314,862,000 after acquiring an additional 624,348 shares during the last quarter. Corient Private Wealth LLC lifted its position in Sandisk by 0.6% during the fourth quarter. Corient Private Wealth LLC now owns 10,902 shares of the data storage provider’s stock worth $2,363,000 after acquiring an additional 68 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Sandisk by 2.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,973 shares of the data storage provider’s stock worth $4,504,000 after acquiring an additional 468 shares during the last quarter. Finally, Galaxy Group Investments LLC acquired a new stake in Sandisk during the fourth quarter worth approximately $1,688,000.

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.