Sandisk (NASDAQ:SNDK) Releases Q1 2027 Earnings Guidance

Sandisk (NASDAQ:SNDK) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 44.000-46.000 for the period, compared to the consensus 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.

Sandisk Stock Down 6.8%

Sandisk stock traded down $91.92 during trading hours on Thursday, reaching $1,258.58. 19,056,424 shares of the company’s stock were exchanged, compared to its average volume of 16,557,516. The firm’s 50 day simple moving average is $1,717.30 and its 200 day simple moving average is $1,141.98. Sandisk has a twelve month low of $40.53 and a twelve month high of $2,354.39. The firm has a market capitalization of $186.38 billion, a PE ratio of 43.75 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $8.96 billion for the quarter. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’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. Analysts anticipate that Sandisk will post 64.52 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a share buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Wedbush boosted their target price on shares of Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,853.14.

Insider Transactions at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the sale, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,825 shares of company stock worth $10,863,593 in the last three months. Insiders own 0.21% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand produced exceptional results. Fiscal Q4 revenue reached approximately $8.97 billion, up 372% year over year, while EPS of $39.25 exceeded consensus. Stronger pricing, higher volumes and data-center revenue growth of roughly 437% supported record profitability and an 84.6% non-GAAP gross margin. SNDK Q4 Earnings Beat Estimates
• Positive Sentiment: Long-term demand visibility is improving. Sandisk says new business models and multi-year customer agreements represent $93.9 billion of contracted revenue, including $16.5 billion in AI-related guarantees. Supporters believe these arrangements could reduce NAND’s traditional boom-and-bust cyclicality as AI inference and data-center storage needs expand. SanDisk AI Guarantees
• Positive Sentiment: A large buyback adds potential support. Sandisk authorized a $14 billion repurchase program, allowing the company to buy back up to 6.6% of its outstanding shares. Several analysts and investors continue to describe the selloff as an opportunity, citing AI demand and substantial longer-term earnings potential. Sandisk Stock Repurchase Program
• Neutral Sentiment: Fiscal Q1 guidance was mixed. EPS guidance of $44 to $46 exceeded estimates, but revenue guidance of $10.3 billion to $10.8 billion was below some elevated Wall Street forecasts. This gap suggests expectations had risen faster than the company’s near-term outlook. Sandisk Quarterly Revenue Guidance
• Negative Sentiment: Margin durability and NAND pricing are the main concerns. Investors worry that pricing momentum may weaken and that Sandisk’s new business model could pressure margins initially. Jefferies cut its price target to $1,750 from $3,000 while retaining a Buy rating, citing margin and NAND pricing risks. The broader memory-stock selloff added further pressure. Jefferies Cuts Sandisk Price Target

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SNDK. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the fourth quarter worth about $26,000. Parallel Advisors LLC bought a new position in Sandisk in the 3rd quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. bought a new position in Sandisk in the 3rd quarter valued at about $32,000. Atlas Capital Advisors Inc. acquired a new position in Sandisk during the 4th quarter valued at about $38,000. Finally, DV Equities LLC acquired a new position in Sandisk during the 4th quarter valued at about $47,000.

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.