Sandisk (NASDAQ:SNDK) Releases Q4 2026 Earnings Guidance

Sandisk (NASDAQ:SNDK) updated its fourth quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 30.000-33.000 for the period, compared to the consensus 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.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group set a $1,000.00 price objective on shares of Sandisk in a report on Monday, February 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $1,100.00 price objective on shares of Sandisk in a report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a research note on Friday. Cantor Fitzgerald increased their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,011.05.

Sandisk Trading Up 8.3%

Shares of Sandisk stock traded up $90.49 during mid-day trading on Friday, hitting $1,187.00. The stock had a trading volume of 22,991,801 shares, compared to its average volume of 14,250,723. The firm has a 50-day moving average of $753.17 and a two-hundred day moving average of $469.58. Sandisk has a 12-month low of $33.05 and a 12-month high of $1,189.24. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The firm has a market cap of $175.20 billion, a P/E ratio of -156.39 and a beta of 4.83.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 48.85%. The business had revenue of $5.95 billion during the quarter. During the same period last year, the company earned ($0.30) EPS. The business’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts forecast that Sandisk will post 47.45 earnings per share for the current year.

Insider Buying and Selling at Sandisk

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

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue jumped ~251% to $5.95B and non‑GAAP EPS of $23.41 materially beat estimates; management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), underpinning the rally. SanDisk Earnings Crush Estimates With 251% Revenue Surge
• Positive Sentiment: Company announced a $6B share buyback and reported multiple long‑term contracts (reports cite large multi‑year agreements backed by firm commitments), which reduce cyclicality and improve revenue visibility. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Margins surged (GAAP and non‑GAAP gross margins expanded sharply) driven by datacenter NAND pricing and product mix toward higher‑value SSDs — a near‑term earnings multiplier amid AI infrastructure buildout. SNDK’s Q3 Earnings Beat Estimates, Revenues Rise on Datacenter Surge
• Positive Sentiment: Analysts are revising models and raising targets after the print (examples: Cantor Fitzgerald, Wells Fargo), which supports further upside consensus. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Company is shifting to a “new business model” with multi‑year contracts and guarantees that analysts say reduce cyclicality — important strategically but dependent on long‑term execution. Sandisk’s new business model improves visibility, reduces cyclicality: analysts
• Neutral Sentiment: Options and technical positioning had priced in a huge move heading into earnings (high volatility expected); some post‑print moves reflect that positioning more than a change to fundamentals. SanDisk Q3 Earnings Preview: Wall Street Braces for 21% Post-Report Swing
• Negative Sentiment: “Sell‑the‑news” / profit‑taking pressure and short‑term pullbacks followed the report in some sessions despite the beats — a common reaction after a parabolic run and heavy pre‑earnings positioning. Sandisk stock falls despite strong earnings report as investors ‘sell the news’
• Negative Sentiment: Concerns remain about how sustainable extreme margin levels and NAND pricing gains will be once supply tightness eases — commentators and some analysts flagged margin durability as a key risk. The Watchlist Panel: AI Demand vs. Supply Crunch
• Negative Sentiment: One shop (RBC) raised its target but kept a conservative “sector perform” stance, implying limited near‑term upside from current levels — a reminder of divergent Street views. Benzinga report on RBC price target

Hedge Funds Weigh In On Sandisk

Hedge funds have recently made changes to their positions in the stock. Greenline Wealth Management LLC purchased a new position in shares of Sandisk during the 4th quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new position in shares of Sandisk during the 4th quarter worth approximately $38,000. DV Equities LLC purchased a new position in shares of Sandisk during the 4th quarter worth approximately $47,000. Summit Securities Group LLC purchased a new position in shares of Sandisk during the 4th quarter worth approximately $49,000. Finally, Parallel Advisors LLC purchased a new position in shares of Sandisk during the 3rd quarter worth approximately $30,000.

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