Updated 28 October 2026. Sandisk (NASDAQ: SNDK) closed Tuesday at $1,304.84, up $49.26 or 3.92 percent, and was indicated at $1,354.00 before Wednesday’s open, up another 3.77 percent (StockAnalysis, 9:08 am EDT). Fiscal Q1 FY27 results arrive Thursday 29 October after the close. Verdict: the read-through Sandisk was waiting for is now out. SK hynix reported an 80 percent operating margin and said NAND prices rose at a mid-20s percentage rate quarter on quarter, and its Seoul shares closed about 11 percent higher. Seagate beat and raised but fell after hours, a warning that a strong print alone is not enough. Reference levels: $1,150 below, $1,480 above.
Key facts
- Price: SNDK $1,304.84 at Tuesday 27 October’s close, range $1,259.00-$1,315.98 on about 7.06 million shares; pre-market $1,354.00 on Wednesday at 9:08 am EDT. Market value about $191 billion. The stock is about 45 percent below its 52-week high of $2,354.39 (StockAnalysis).
- SK hynix, out this morning: third-quarter revenue of 104.6155 trillion won, up 32 percent on the quarter and 328 percent on the year, and operating profit of 83.3338 trillion won, an 80 percent margin (SK hynix newsroom, unaudited K-IFRS). FnGuide consensus had been about 76.96 trillion won of operating profit (MoneyToday).
- The NAND line that matters for Sandisk: SK hynix said its NAND average selling price still rose at a mid-20s percentage rate quarter on quarter, helped by a richer SSD mix, and guided fourth-quarter NAND bit shipments up by a mid-single-digit percentage as its 321-layer process passes half of domestic capacity (SK hynix earnings call, via Investing.com).
- Seoul reaction: SK hynix shares closed about 11 percent higher and the Kospi gained about 6.6 percent, triggering a buy-side sidecar earlier in the session (CNBC; Korea JoongAng Daily).
- Seagate, out last night: fiscal Q1 FY27 revenue of $4.2 billion, up 61 percent, and record non-GAAP EPS of $7.68, with December-quarter guidance of $4.8 billion plus or minus $100 million and EPS of $9.20 plus or minus $0.20. The stock still fell between about 5 and 8 percent after hours from a $667.85 close, after a run of more than 130 percent this year (Investing.com; Chartmill; Seeking Alpha).
- Sandisk’s own print: guidance is non-GAAP EPS of $44-$46 on revenue of $10.3-$10.8 billion; consensus sits near $46 of EPS and $10.6 billion of revenue (Sandisk IR; The Motley Fool via CoinCentral).
- Analysts: Buy consensus from 25 analysts with an average target of $2,144, low $1,000 and high $3,600 (StockAnalysis, updated 26 October). Bernstein’s Mark Newman kept Buy and $3,000 and Wedbush’s Matt Bryson reiterated Buy and $2,000, both on 26 October.
What SK hynix just told Sandisk holders
Sandisk has no DRAM and no HBM, so the useful part of SK hynix’s quarter is the NAND line. Prices rose at a mid-20s percentage rate in the quarter even as SK hynix shipped slightly fewer bits, because it steered output toward enterprise SSDs. That is the same mix shift Sandisk’s own data center line has been riding: its data center revenue went from $440 million in fiscal Q2 2026 to $1.47 billion in Q3 and $2.98 billion in Q4 (CoinCentral). SK hynix also said DRAM and HBM volumes are effectively booked through 2029 (Korea JoongAng Daily), which keeps supply discipline across memory and supports NAND pricing by extension.
The less helpful part is volume. A mid-single-digit rise in SK hynix’s fourth-quarter NAND bits, with 321-layer capacity expanding, means more enterprise SSD supply arriving next quarter. Thursday’s question for Sandisk is whether its own guide shows prices still climbing or a shift toward volume growth at flatter prices. Tuesday’s page set out the two read-throughs before they landed; FinanceFeeds covered the SK hynix and Solidigm listing story on Sunday, and the DRAM side of the week is on the Micron page.
The Seagate warning
Seagate did almost everything the market asked: a 61 percent revenue jump, a record EPS and a guide above consensus. The shares still fell after hours. After a year-to-date run of more than 130 percent, investors took profits on the news. Sandisk arrives with a different setup: it is about 45 percent below its June peak and was down about 10 percent between 15 October and Tuesday (CoinCentral), so less good news is priced in. The pre-market bid on Wednesday shows buyers leaning on the SK hynix print rather than the Seagate reaction. Western Digital, the other half of the old Sandisk business, fell after its own beat last week.
How much can SNDK move on Thursday?
Options-based estimates disagree, so this page shows the range rather than one number. Investing.com’s model, using Bloomberg options data, put the move at 7.7 percent; Benzinga’s earnings-volatility list showed 9.44 percent; TipRanks priced 12.1 percent either way as of 23 October; Earnings-Watcher showed 13.7 percent as of 16 October. A fair reading is roughly 8-14 percent either side of the last close, and Earnings-Watcher notes the stock beat its implied move in only three of its last six reports.
Sandisk into results: bull, base and bear
| Scenario | SNDK | What has to happen | Anchor |
|---|---|---|---|
| Bear | $1,150 | The market treats Sandisk like Seagate: an in-line or modest beat, a guide that leans on volume rather than price, and profit-taking after the pre-market jump. | About 12 percent below Tuesday’s $1,304.84, the downside of TipRanks’ 12.1 percent implied move. |
| Base | $1,200-$1,410 | Sandisk beats the quarter, guides near consensus and confirms NAND prices still rising; the reaction stays inside the options range. | Roughly Investing.com’s 7.7 percent implied move either side of Tuesday’s close. |
| Bull | $1,480 | Data center revenue lands above $3 billion and the guide implies NAND prices rising again next quarter, echoing SK hynix’s mid-20s increase. | About 13 percent above Tuesday’s close, close to the upside of Earnings-Watcher’s 13.7 percent implied move. |
The bear case sits below Tuesday’s close. These are reference levels measured from the verified quotes, not forecasts. All three sit below the $2,144 average analyst target, which reflects how far the stock has fallen since June.
What to watch
- Wednesday at the open: whether the pre-market gain toward $1,354 holds once Seagate’s after-hours drop trades in regular hours.
- Wednesday 2 pm EDT: the Fed decision; December-hike language matters for richly valued AI hardware.
- Wednesday after the close: Microsoft and Alphabet report; their capital spending plans set data center storage demand.
- Thursday: Samsung Electronics reports in Korea, then Sandisk after the US close with a call at 1:30 pm PT: data center revenue, gross margin and the next-quarter guide.
Quick take: Sandisk closed at $1,304.84 on Tuesday and traded near $1,354 before Wednesday’s open after SK hynix reported an 80 percent operating margin and NAND prices up at a mid-20s rate. Seagate’s after-hours drop on a beat shows the bar is high. Options price an 8-14 percent move on Thursday. A data center beat and a price-led guide open $1,480; a Seagate-style reaction opens $1,150.
FAQ
What is Sandisk’s stock price today?
SNDK closed at $1,304.84 on Tuesday 27 October 2026, up 3.92 percent, and was quoted at $1,354.00 in pre-market trading on Wednesday 28 October at 9:08 am EDT (StockAnalysis).
When does Sandisk report earnings?
Sandisk reports fiscal first-quarter 2027 results on Thursday 29 October 2026 after the market close, with a call at 1:30 pm PT.
What did SK hynix report?
Third-quarter revenue of 104.6155 trillion won and operating profit of 83.3338 trillion won, an 80 percent margin, with NAND prices up at a mid-20s percentage rate on the quarter. The company also announced about 100 trillion won of shareholder returns for 2026.
Why did Seagate stock fall after beating?
Seagate beat estimates and guided above consensus, but the shares had gained more than 130 percent this year and fell about 5-8 percent after hours on profit-taking.
How much could SNDK move on earnings?
Options-based estimates range from about 7.7 percent (Investing.com) and 9.44 percent (Benzinga) to 12.1 percent (TipRanks) and 13.7 percent (Earnings-Watcher), all published in the second half of October.
What is the average analyst target for Sandisk?
$2,144 from 25 analysts with a Buy consensus, with targets from $1,000 to $3,600 (StockAnalysis, updated 26 October).
Sources: StockAnalysis (Tuesday close, range, volume, pre-market quote, market value, 52-week high, analyst consensus and recent ratings, 28 October 2026); SK hynix newsroom (third-quarter results, 28 October); SK hynix earnings call via Investing.com (NAND pricing and shipment guidance); MoneyToday (FnGuide consensus); CNBC and Korea JoongAng Daily (Seoul session); Investing.com, Chartmill and Seeking Alpha (Seagate results and after-hours move); Sandisk IR (results date and guidance); The Motley Fool via CoinCentral (consensus, data center revenue history); Investing.com, Benzinga, TipRanks, Earnings-Watcher (implied moves, dated as stated).
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.