Sandisk (NASDAQ:SNDK – Get Free Report) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 44.000-46.000 for the period, compared to the consensus earnings per share estimate of 41.450. The company issued revenue guidance of $10.3 billion-$10.8 billion, compared to the consensus revenue estimate of $10.4 billion.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on SNDK shares. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective on Sandisk from $1,250.00 to $1,620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.
Check Out Our Latest Research Report on Sandisk
Sandisk Price Performance
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. During the same quarter last year, the company earned $0.29 EPS. The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts expect that Sandisk will post 64.52 EPS for the current year.
Insider Buying and Selling at Sandisk
In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,825 shares of company stock valued at $10,863,593. Corporate insiders own 0.21% of the company’s stock.
Key Stories Impacting Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Strong fiscal Q4 results. Sandisk reported adjusted earnings of $39.25 per share, well above the $33.28–$34.24 consensus range, while revenue reached approximately $8.97 billion, up 371.6% year over year. Net income was about $6.9 billion, supported by stronger NAND pricing, higher volumes and margin expansion. Sandisk Corporation Beats Q4 Earnings and Revenue Estimates
- Positive Sentiment: AI data-center demand remains a major growth driver. Sandisk said demand for memory and storage used in AI infrastructure is strengthening. Data-center revenue reportedly surged during fiscal 2026, while new customer agreements and enterprise SSD demand support the company’s longer-term growth outlook. Sandisk Forecasts Upbeat Quarterly Revenue on AI-Driven Demand
- Positive Sentiment: Capital returns were increased. Sandisk expanded its share-repurchase authorization by $14 billion, potentially providing support for the stock and signaling management’s confidence in future cash generation. Sandisk Stock Slides Despite Revenue Surge and Buyback
- Neutral Sentiment: Q1 fiscal 2027 guidance was mixed. Sandisk forecast earnings of $44–$46 per share, above the approximately $41.45 consensus estimate. Revenue guidance of $10.3–$10.8 billion brackets the roughly $10.4 billion consensus, with the midpoint implying continued growth but the low end falling short of expectations. Sandisk Slips as Mixed Guidance Overshadows Strong Q4 Results
- Negative Sentiment: Investors may be questioning whether the growth and margin surge can last. Concerns include NAND pricing volatility, potential oversupply, competition from Chinese producers and the possibility that elevated expectations were not fully reflected in the revenue outlook. These concerns outweighed the strong quarterly beat in the immediate market reaction. Sandisk This Insane Growth May Not Be Good Enough
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Compound Planning Inc. bought a new stake in Sandisk during the fourth quarter valued at about $452,000. Invesco Ltd. increased its stake in shares of Sandisk by 88.9% in the fourth quarter. Invesco Ltd. now owns 1,326,405 shares of the data storage provider’s stock worth $314,862,000 after purchasing an additional 624,348 shares during the period. Corient Private Wealth LLC increased its stake in shares of Sandisk by 0.6% in the fourth quarter. Corient Private Wealth LLC now owns 10,902 shares of the data storage provider’s stock worth $2,363,000 after purchasing an additional 68 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Sandisk by 2.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,973 shares of the data storage provider’s stock worth $4,504,000 after purchasing an additional 468 shares during the last quarter. Finally, Galaxy Group Investments LLC acquired a new position in shares of Sandisk during the 4th quarter worth about $1,688,000.
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.
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