Sandisk (NASDAQ:SNDK) Issues Q3 2026 Earnings Guidance

Sandisk (NASDAQ:SNDK) updated its third quarter 2026 earnings guidance on Friday. The company provided EPS guidance of 12.000-14.000 for the period, compared to the consensus EPS estimate of 3.450. The company issued revenue guidance of $4.4 billion-$4.8 billion, compared to the consensus revenue estimate of $2.9 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SNDK shares. Wells Fargo & Company raised their target price on shares of Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Wedbush increased their target price on Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research note on Friday. Wall Street Zen lowered Sandisk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Finally, Susquehanna boosted their price objective on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $490.60.

Sandisk Stock Up 13.1%

NASDAQ SNDK traded up $70.54 on Friday, hitting $609.84. 18,655,847 shares of the stock traded hands, compared to its average volume of 16,544,186. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average of $301.35 and a 200 day moving average of $174.97. Sandisk has a twelve month low of $27.89 and a twelve month high of $676.69. The company has a market capitalization of $89.37 billion and a P/E ratio of 1,905.75.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. Sandisk’s quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results far exceeded expectations — revenue and profits surged on NAND/AI demand, and management highlighted accelerating enterprise/datacenter deployments. Sandisk surges as robust AI demand powers blowout forecast
• Positive Sentiment: Blockbuster Q3 guidance: management gave EPS guidance well above consensus and raised revenue guidance dramatically (company cited multi‑billion dollar revenue outlook driven by AI infrastructure demand). Sandisk shares surge on blowout forecast as AI-driven demand lifts results
• Positive Sentiment: Extended supply partnership — Sandisk and Kioxia extended their Yokkaichi joint‑venture agreement through 2034, supporting long‑term NAND supply security for Sandisk’s AI/datacenter products. Kioxia and Sandisk Extend Yokkaichi Joint Venture Agreement Through 2034
• Positive Sentiment: Analysts raising targets and upgrading coverage (example: Wedbush raised its target to $740 and kept an outperform rating), reflecting stronger margin and pricing expectations across NAND. Wedbush raises Sandisk price target to $740 (Benzinga)
• Positive Sentiment: Multiple outlets emphasize historic quarterly profit and revenue beat (profit jumped vs prior year and revenue topped estimates), reinforcing the narrative of durable AI-driven demand. Sandisk Reports Fiscal Second Quarter 2026 Financial Results
• Neutral Sentiment: Broader market context: futures and macro headlines are mixed today, which could temper gains outside company‑specific news. Stock Market Today: Nasdaq, S&P 500 Futures Decline As Investors Await Trump’s New Fed Chair Pick— SanDisk, Deckers, Robinhood In Focus
• Negative Sentiment: Valuation and momentum risks — the stock has run up sharply; some coverage flags the risk of a large re‑rating or higher volatility if demand/price trends moderate. Watch guidance execution and NAND pricing. Live: Will SanDisk’s Epic Rally Continue After Q2 Earnings Tonight?

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SNDK. Parallel Advisors LLC acquired a new position in Sandisk in the third quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sandisk during the third quarter worth $32,000. Advisory Services Network LLC purchased a new stake in shares of Sandisk during the third quarter valued at $70,000. Danske Bank A S acquired a new position in shares of Sandisk in the 3rd quarter valued at $123,000. Finally, CIBC Private Wealth Group LLC purchased a new position in Sandisk in the 3rd quarter worth about $159,000.

About Sandisk

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.