Updated 30 October 2026. Sandisk (SNDK) closed Thursday at $1,330.05, down 5.32 percent, and traded at $1,279.50 in after-hours trading at 7:59 pm ET, a further 3.80 percent lower (StockAnalysis), after reporting fiscal first-quarter revenue of $11.0 billion against about $10.7 billion expected, guiding to $12.2-$12.6 billion for the current quarter and announcing an 8-for-1 stock split. Verdict: the quarter and the guide beat, but the market sold the stock alongside a global chip selloff that took SK hynix down more than 8 percent in Seoul on Friday. Reference levels: $1,150 below, $1,480 above.
Key facts
- Price: SNDK closed at $1,330.05 on 29 October, down $74.72 or 5.32 percent from Wednesday’s $1,404.77, after a $1,321.99-$1,385.80 range; after hours it was $1,279.50 at 7:59 pm ET (StockAnalysis). Investing.com recorded $1,295.05 earlier in the after-hours session.
- Revenue: $11.0 billion in fiscal Q1 2027, up 23 percent from the prior quarter and 378 percent from a year earlier, against a consensus of about $10.7 billion (Sandisk results; Investing.com).
- Earnings: non-GAAP EPS of $49.51 against about $47.15 expected; GAAP diluted EPS of $52.60 (Investing.com; results coverage).
- Segments: datacenter revenue $4.8 billion, up 61 percent sequentially; edge $5.8 billion, up 7 percent; consumer $397 million, down 29 percent (Sandisk slides via Investing.com).
- Margins and cash: non-GAAP gross margin 85.1 percent and operating margin 80.4 percent; adjusted free cash flow of $5.7 billion, $5 billion of buybacks in the quarter, $5.1 billion of cash and no debt.
- Guidance: fiscal Q2 revenue of $12.2-$12.6 billion, gross margin of 84.5-85.5 percent and non-GAAP EPS of $55-$57 on a pre-split basis, or $6.88-$7.13 split-adjusted (CFO remarks, earnings call transcript via Investing.com).
- Split: the board approved an 8-for-1 split; additional shares are expected to be distributed on 19 November and split-adjusted trading to begin on 20 November.
Why a beat-and-raise met selling
The numbers were strong on every line that mattered. Revenue cleared the consensus by about $300 million, datacenter sales rose 61 percent in a quarter and the guide implies another 11 to 14 percent of sequential growth. Chief executive David Goeckeler told analysts that “demand remains strong and continues to grow” (call transcript via Investing.com).
Two details on the call gave sellers something to work with. The chief financial officer said about 60 percent of the quarter’s growth came from volume and 40 percent from pricing, and that he expects only “some modest pricing” in fiscal Q2. He also said the fiscal third quarter is expected to be seasonally the weakest and advised analysts to model conservatively. With the stock already down 5.32 percent in the regular session as Alphabet’s capex-heavy quarter hit chip names, those comments were enough to extend the drop after hours.
On supply, management said it is not accelerating its BiCS node transition and that about half of fiscal 2027 bits and roughly two-thirds of fiscal 2028 bits are already committed under long-term customer agreements, 95 percent of them with investment-grade companies. That visibility is the core of the bull argument: the price is falling while the order book is filling.
Friday’s Asian chip selloff
The read-through from Seoul is negative for the open. The KOSPI fell 5.25 percent to 5,626.02 by 11:20 am local time on Friday, with SK hynix down 8.65 percent and Samsung Electronics down 6.03 percent (Korea Times). The Korea Exchange triggered a sell-side sidecar at 10:04 am, its first in 11 sessions, after KOSPI 200 futures fell 5.12 percent (Invezz). Pepperstone’s Chris Weston told Reuters that markets were questioning whether shareholders would earn “an adequate return on the enormous capital being deployed” in AI.
Memory peers moved together on Thursday as well: Micron closed down 4.98 percent at $934.27 (see our Micron page from Thursday). Our pre-results Sandisk page set out the setup into the print, when the company’s own fiscal Q1 guide was $10.30-$10.80 billion; the $11.0 billion it delivered cleared the top of that range.
What the split changes
Nothing about the company’s value. After 20 November each pre-split share becomes eight, so a $1,279.50 share price would read about $159.94, and the $55-$57 EPS guide becomes $6.88-$7.13. Splits tend to widen retail access and options liquidity, but the market response this week shows the stock is trading on memory pricing and AI spending, not on the share count.
Sandisk stock: bull, base and bear
| Scenario | SNDK (pre-split) | Split-adjusted | What has to happen | Anchor |
|---|---|---|---|---|
| Bear | $1,150 | about $143.75 | The Asian selloff carries into US trading, investors focus on the “modest pricing” comment and the weaker fiscal Q3 outlook, and memory names keep falling with AI capex doubts. | About 10 percent below the $1,279.50 after-hours quote; roughly 5.1 times the annualised midpoint of the $55-$57 quarterly EPS guide. |
| Base | $1,250-$1,405 | about $156-$176 | The beat and guide put a floor under the shares, but the stock cannot clear Wednesday’s close until chip sentiment settles. | Just below the after-hours quote up to Wednesday’s $1,404.77 close. |
| Bull | $1,480 | $185 | Buyers treat the guide and the long-term agreements as the story, the KOSPI drop proves a one-day flush and the split draws in new demand. | About 5 percent above Wednesday’s close and 16 percent above the after-hours quote; still well below the $2,143.83 average analyst target (StockAnalysis). |
The bear case sits below the latest quote. These are reference levels measured from the verified after-hours price, not forecasts.
What to watch
- The US premarket: whether the after-hours drop deepens after SK hynix’s Friday fall or buyers step in on the guide.
- $1,404.77: Wednesday’s close; recovering it would erase the results-week loss.
- Analyst target changes: revisions after the $12.2-$12.6 billion guide will show whether the Street reads the quarter as a beat-and-raise or a peak.
- 19-20 November: share distribution and the first split-adjusted session.
Quick take: Sandisk beat on revenue ($11.0 billion) and EPS ($49.51), guided to $12.2-$12.6 billion and announced an 8-for-1 split, yet the stock traded near $1,280 after hours, down from a $1,330.05 close. Friday’s 5 percent KOSPI drop is the near-term headwind. Expect $1,250-$1,405; a slide to $1,150 needs the chip selloff to deepen, and $1,480 needs the market to trade the guide rather than the sector.
FAQ
What is Sandisk’s stock price today?
SNDK closed at $1,330.05 on Thursday 29 October 2026, down 5.32 percent, and traded at $1,279.50 after hours at 7:59 pm ET (StockAnalysis). Check a live quote for Friday’s premarket.
Did Sandisk beat earnings?
Yes. Fiscal Q1 2027 revenue was $11.0 billion against about $10.7 billion expected, and non-GAAP EPS was $49.51 against about $47.15 (Investing.com).
Why is Sandisk stock down after earnings?
The stock had already fallen 5.32 percent in Thursday’s tech selloff. On the call, management guided only modest price increases for fiscal Q2 and called fiscal Q3 seasonally the weakest, and on Friday Asian chip stocks fell sharply, with SK hynix down 8.65 percent.
What is Sandisk’s guidance for next quarter?
Revenue of $12.2-$12.6 billion, non-GAAP gross margin of 84.5-85.5 percent and non-GAAP EPS of $55-$57 pre-split, or $6.88-$7.13 on an 8-for-1 split-adjusted basis.
When is the Sandisk stock split?
The board approved an 8-for-1 split. Additional shares are expected to be distributed on 19 November 2026, with split-adjusted trading expected to begin on 20 November.
What is the Sandisk analyst price target?
The average analyst target is $2,143.83 on a pre-split basis, according to StockAnalysis, about 61 percent above Thursday’s close.
Sources: Sandisk fiscal first quarter 2027 results and earnings call (29 October 2026), via Investing.com transcript and slides coverage; StockAnalysis (29 October close, after-hours quote, average analyst target); Korea Times (KOSPI, SK hynix and Samsung moves, 30 October); Invezz (sidecar, futures); Reuters (Chris Weston comment, via Invezz).
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.
