SanDisk shares fall 4% after Q1 revenue outlook misses estimates

AI Market Summary
SanDisk posted a Q4 beat on revenue and adjusted EPS, but its fiscal Q1 revenue guide ($10.3B–$10.8B) missed consensus ($11.16B), driving an after-hours selloff. The miss suggests near-term demand/pricing normalization in flash memory despite AI-infrastructure tailwinds. A $14B incremental buyback provides valuation support, but guidance disappointment is likely to weigh on near-term positioning and related AI storage supply-chain sentiment.
Impact level
● Medium
Affected assets
NCSKSNDK2USD/USDT-12.38%
AI Insight · NCSKSNDK2USD/USDTAI Insight
▼ Bearish
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SanDisk reported fiscal fourth-quarter revenue of $8.79 billion, topping expectations, and posted adjusted earnings per share of $39.25, also above forecasts. The company projected fiscal first-quarter revenue of $10.3 billion to $10.8 billion, below the $11.16 billion estimate, sending the stock down 4% in afterhours trading on Wednesday. SanDisk also authorized an additional $14 billion share repurchase program. The stock is up nearly 490% year to date.