SanDisk (NASDAQ: SNDK) shares fell approximately 4% in after-hours trading on Aug. 5 after the company issued fiscal Q1 revenue guidance of $10.3–10.8 billion, below the analyst consensus estimate of $11.16 billion. Fiscal Q4 results exceeded expectations, with revenue of $8.79 billion versus the expected $8.64 billion.
SanDisk Fiscal Q4 Results vs. Q1 Guidance
According to SanDisk’s latest earnings report, the key financial figures for fiscal Q4 and the fiscal Q1 guidance are as follows:
Q4 Actual Revenue: $8.79 billion (above the expected $8.64 billion)
Q4 Adjusted EPS: $39.25 (above the expected $34.37)
Q1 Revenue Guidance: $10.3–10.8 billion (analyst estimate of $11.16 billion; guidance below expectations)
Q1 Adjusted EPS Guidance: $44–46 (previous market estimate of $45.58)
Of the revenue growth in Q4, approximately one-third came from volume growth and approximately two-thirds came from higher NAND flash memory prices.
SanDisk Approves Additional $14 Billion Share Buyback
SanDisk also approved an additional $14 billion share buyback program in its earnings report, expanding its existing share repurchase authorization and demonstrating management’s confidence in the company’s cash flow.
SNDK has risen nearly 490% year to date, making it the best-performing stock in the S&P 500 since the beginning of 2026. SanDisk was spun off from Western Digital (WDC) in February 2025 and is positioned as a core supplier of memory and storage for AI infrastructure.
Analyst Ratings and SK Hynix AI Memory Partnership
SanDisk currently has 25 Buy ratings, 5 Hold ratings, and 0 Sell ratings, with an average price target slightly above $2,400. Earlier this week, SanDisk partnered with memory manufacturer SK Hynix (SKHY) to release a new hardware roadmap aimed at increasing AI chip operating speeds and reducing costs. By creating a shared standard for high-speed memory, the two companies aim to lower data center costs and accelerate the deployment of advanced AI applications, potentially driving SNDK shares higher.
FAQ
Why was SanDisk’s Q1 guidance below expectations?
According to SanDisk’s earnings report, fiscal Q1 revenue guidance was $10.3–10.8 billion, below the analyst consensus estimate of $11.16 billion. The guidance coming in below market expectations led to an approximately 4% decline in after-hours trading. Fiscal Q1 adjusted EPS guidance was $44–46, close to the market’s previous estimate of $45.58.
What were SanDisk’s actual fiscal Q4 results?
SanDisk’s actual fiscal Q4 revenue was $8.79 billion, exceeding analysts’ estimate of $8.64 billion. Adjusted EPS was $39.25, exceeding the estimate of $34.37. Approximately two-thirds of the revenue growth came from higher NAND flash memory prices.
How has SanDisk’s stock performed this year?
According to reports, SNDK has risen nearly 490% year to date, making it the best-performing stock in the S&P 500 since the beginning of 2026. Analysts have given it 25 Buy ratings, 5 Hold ratings, and 0 Sell ratings, with an average price target of approximately $2,400.
