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SanDisk (SNDK) was spun off from Western Digital and independently listed on Nasdaq in February 2025. It primarily operates in NAND flash memory and benefits from AI server storage demand.
What happened recently
2026-08 earnings report: Profits and revenue both beat market expectations, but next-quarter revenue guidance was below Wall Street’s very high expectations. SanDisk fell 7%–8% at one point in after-hours trading, while the storage sector broadly pulled back during the same period.
Market concerns:
1. The pace of storage price increases may slow, and gross margins may be near a cyclica