Sandisk Stock Slips After-Hours as Q1 FY27 Guidance Misses Analyst Expectations Despite Record Q4 Results

Sandisk Corp. (SNDK) slipped in after-hours trading on Wednesday following mixed guidance for the first quarter of fiscal 2027. While the memory chipmaker posted blockbuster fourth-quarter results with revenue of $8.97 billion, up nearly fivefold from $1.9 billion a year earlier, its forward outlook fell short of market expectations.

The company guided Q1 FY27 revenue between $10.3 billion and $10.8 billion, below the upper end of analyst expectations ranging from $9.4 billion to $12.3 billion. Q4's strong performance was driven by unprecedented demand from cloud hyperscalers like Meta, Amazon, Alphabet and Microsoft building out artificial intelligence infrastructure. A structural deficit in NAND flash memory capacity has given Sandisk significant pricing power, with adjusted earnings per share reaching $39.25 in Q4 versus Wall Street consensus of $34.96.