Updated 24 October 2026. Sandisk (NASDAQ: SNDK) closed at $1,238.03 on Friday 23 October, down $22.90 or 1.82 percent, after Thursday’s 8.5 percent drop, and was $1,239.32 after hours (StockAnalysis). The stock reports fiscal first-quarter 2027 results on Thursday 29 October after the close against a $44-$46 EPS guide and a $45.22 consensus (Barchart). Verdict: Western Digital cleared every bar on Wednesday and still lost about 9 percent in two sessions, so the number Sandisk has to beat is not the EPS line but the sector’s fear that memory pricing is peaking. Options price an 8-14 percent move depending on the source. Reference levels: $1,090 below, $1,400 above.
Key facts
- Price: SNDK $1,238.03 at Friday’s close, down 1.82 percent, after an intraday low of $1,228.89; $1,239.32 after hours (StockAnalysis, MarketBeat). Volume was 7.8 million shares, 48 percent below the 14.9 million average. Market value $181.3 billion; 52-week range $146.00-$2,354.39. Thursday’s close was $1,260.93, down 8.5 percent.
- Peers on Friday: Western Digital fell a further 2.97 percent to $343.67 (StockAnalysis), with MarketBeat citing insider selling; Micron rebounded 2.46 percent to $877.55 on dip-buying.
- The print: fiscal Q1 FY27 results on Thursday 29 October after the close, call at 1:30 pm PT (Sandisk IR). Company guidance: non-GAAP EPS $44.00-$46.00 on revenue of $10.3-$10.8 billion. Barchart’s consensus is $45.22 (18 October); MarketBeat’s page still carries an August-era $41.45 on $10.4 billion. In the June quarter Sandisk reported $39.25 against a $33.28 consensus, a 16.7 percent beat, and the shares fell about 12 percent after hours anyway.
- Implied move: options price a 12.1 percent move either way, about $153 a share (TipRanks, 23 October); Investing.com’s model says 7.7 percent; Earnings-Watcher had 13.7 percent as of 16 October. Ahead of the August report options priced 12.3 percent and the stock closed down 6.8 percent; the actual move has exceeded the implied move in three of the last six reports (Earnings-Watcher).
- Western Digital’s quarter: adjusted EPS $4.64 against $4.08 expected, revenue $4.38 billion, up 55 percent, gross margin 58.1 percent, and a December-quarter guide of $5.0-$5.2 billion and $5.60-$6.00 (Investing.com). Shares fell about 6.5 percent after hours on Wednesday and another 3 percent on Friday as management flagged rising DRAM and NAND input costs and capex above its long-run range.
- Memory calendar: SK hynix reports third-quarter results on 28 October Korea time with additional shareholder-return measures; FnGuide consensus is 98.2 trillion won of revenue and 76.96 trillion won of operating profit, and Meritz Securities models 17 trillion won of that from NAND (Seoul Economic Daily, Herald Business). Samsung’s full third quarter follows on 29 October at 10 am KST (TipRanks).
- Analysts: consensus Buy from 25 analysts with an average target of $2,173 (StockAnalysis); MarketBeat’s Moderate Buy splits 3 Strong Buy, 21 Buy and 4 Hold with a $2,120.65 average. Mizuho (Lloyd Walmsley) Buy, $2,050; Wedbush Outperform, $2,000; Evercore Outperform, $3,100; Susquehanna Positive, $2,745; BNP Paribas Exane $1,400. Weiss Ratings cut the stock to Hold on 14 October. Jim Cramer said on 20 October that Sandisk and Western Digital would be the worst stocks to own if data-centre capacity shrinks (24/7 Wall St).
- Insiders: chief executive David Goeckeler sold 33,841 shares on 17 September at $1,574.21, about $53.3 million, and chief financial officer Luis Visoso 1,000 shares at $1,568.83 on 15 September, both under pre-arranged 10b5-1 plans; insiders sold $121.2 million of stock in the last 90 days (MarketBeat).
The bar is not the guide
Sandisk will almost certainly land inside or above its $44-$46 range; it has beaten consensus in each of the last four quarters, and Western Digital’s 55 percent revenue growth confirms the demand side of the storage market is intact. The problem is what happened to Western Digital after it did exactly that. As Friday’s page set out, the stock rose on the release and reversed on the call when management said input costs were rising faster than value engineering could offset and that capex would run above range. For a NAND maker that is the good news read from the customer’s side: Sandisk’s prices are going up. The market instead read it as the top of the cycle, and Sandisk lost 8.5 percent on Thursday for a quarter it had not reported yet.
That is why the March-quarter guide, not the September print, decides Thursday night. Consensus already sits at the top of Sandisk’s own range, so a beat is priced. What is not priced is a guide that says the sequential price gains that drove two-thirds of June-quarter growth are continuing into the first calendar quarter of 2027. Mizuho’s case rests on NAND capacity outside China staying flat through next year; Cramer’s warning rests on hyperscalers trimming capacity. SK hynix’s NAND line on Tuesday and Samsung’s on Thursday morning will frame the debate before Sandisk speaks, which is the pattern we flagged on Friday’s news piece about the 1.5 percent intraday recovery that faded.
What Friday’s tape said
Friday was quiet by Sandisk’s standards: half the usual volume, a 1.8 percent drift lower and no attempt to retake $1,260. That is consolidation after a shock, not capitulation, and Micron’s 2.5 percent rebound on the same day shows buyers are willing to step into DRAM but not yet into NAND. The gap matters because Micron’s story this week, which we cover on the Micron week-ahead page, is about labour and SK hynix, while Sandisk’s is about whether a 58 percent gross-margin customer complaining about NAND costs is a bullish or bearish signal for the NAND seller. The orchestrator’s Western Digital scenario page frames the same question from the drive maker’s side.
Sandisk into 29 October: bull, base and bear
| Scenario | SNDK | What has to happen | Anchor |
|---|---|---|---|
| Bear | $1,090 | SK hynix flags NAND price moderation on Tuesday, the sector keeps de-rating into the print, and Sandisk’s March-quarter guide lands inside consensus rather than above it. | About 12 percent below Friday’s $1,238.03, the downside of TipRanks’ 12.1 percent implied move; above the $1,000 low Street target. |
| Base | $1,150-$1,330 | The stock trades the memory tape into Thursday, a beat on the September quarter is matched by an in-line guide, and the reaction is inside the 8-14 percent options range. | Roughly Investing.com’s 7.7 percent implied move either side of Friday’s close. |
| Bull | $1,400 | SK hynix and Samsung confirm NAND pricing is still rising, Sandisk guides the March quarter above consensus and says the Western Digital cost complaint is its revenue line. | The upside of Earnings-Watcher’s 13.7 percent implied move, about 13 percent above Friday’s close, and BNP Paribas Exane’s $1,400 target, the lowest of the recent bank numbers. |
The bear case sits below Friday’s close. These are reference levels measured from the verified quotes, not forecasts.
What to watch this week
- Tuesday evening US time: SK hynix’s third quarter and its NAND operating profit against Meritz’s 17 trillion won; any comment on 2027 pricing.
- Wednesday: the Fed at 2 pm EDT. A hawkish December signal hits long-duration growth stocks, and Sandisk is up more than 400 percent this year.
- Thursday morning: Samsung’s full third quarter at 10 am KST, with memory margins and capex.
- Thursday after the close: Sandisk’s print and 1:30 pm PT call. The March-quarter revenue and gross-margin guide is the number.
- Options: whether the implied move converges toward TipRanks’ 12 percent or Investing.com’s 7.7 percent by Thursday.
Quick take: Sandisk closed at $1,238.03 on Friday after a 10 percent two-day slide triggered by Western Digital’s beat-and-fall. Results come Thursday 29 October against a $44-$46 guide and a $45.22 consensus; options price an 8-14 percent move. Expect $1,150-$1,330 into the print. A NAND-pricing warning from SK hynix or an in-line guide opens $1,090. An above-consensus March-quarter guide opens $1,400.
FAQ
What is Sandisk’s stock price today?
SNDK closed at $1,238.03 on Friday 23 October 2026, down 1.82 percent, and traded $1,239.32 after hours (StockAnalysis). It has fallen about 10 percent over Thursday and Friday.
When does Sandisk report earnings?
Fiscal first-quarter 2027 results on Thursday 29 October 2026 after the market close, with a conference call at 1:30 pm PT (Sandisk IR).
What do analysts expect?
Company guidance is non-GAAP EPS of $44-$46 on revenue of $10.3-$10.8 billion. Barchart’s consensus EPS is $45.22 (18 October). Sandisk has beaten consensus in each of the last four quarters.
How much could the stock move on earnings?
Options price a move of 12.1 percent (TipRanks), 7.7 percent (Investing.com) or 13.7 percent (Earnings-Watcher, 16 October) depending on the methodology. After the August report the stock fell about 12 percent after hours against a 12.3 percent implied move.
Why did Sandisk fall after Western Digital’s beat?
Western Digital beat on every line but said DRAM and NAND input costs are rising and capex will run above its long-run range; the market read that as a sign the memory cycle is peaking and sold the whole sector (Investing.com, 24/7 Wall St).
What is the analyst price target for SNDK?
The average of 25 analysts is $2,173 with a Buy consensus (StockAnalysis); MarketBeat’s average is $2,120.65. Targets run from BNP Paribas Exane’s $1,400 to Evercore’s $3,100.
Have insiders been selling?
Yes, under pre-arranged plans: chief executive David Goeckeler sold 33,841 shares at $1,574.21 on 17 September and insiders sold $121.2 million of stock in the last 90 days (MarketBeat).
Sources: StockAnalysis (SNDK, WDC and MU closes and after-hours prices, 23 October 2026); MarketBeat (intraday low, volume, analyst actions, consensus, insider sales, 23 October); Barchart via Yahoo Finance (consensus EPS $45.22, 18 October); Sandisk IR (results date and guidance); TipRanks, Investing.com and Earnings-Watcher (implied moves, 16-23 October); Investing.com (Western Digital results and guidance, 22 October); Seoul Economic Daily and Herald Business (SK hynix date and consensus, 20-24 October); TipRanks (Samsung results date); 24/7 Wall St (Cramer comment, 20 October).
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.