Sandisk (NASDAQ:SNDK) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Sandisk (NASDAQ:SNDK) released its earnings results on Thursday. The data storage provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.32, Zacks reports. Sandisk updated its Q2 2026 guidance to 3.000-3.40 EPS.

Sandisk Price Performance

Shares of NASDAQ SNDK traded down $8.81 during mid-day trading on Thursday, hitting $207.69. 10,272,973 shares of the stock were exchanged, compared to its average volume of 8,154,497. The company has a market cap of $30.41 billion and a P/E ratio of -358.09. The stock’s fifty day simple moving average is $122.53 and its two-hundred day simple moving average is $69.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.11 and a current ratio of 3.56. Sandisk has a twelve month low of $27.89 and a twelve month high of $226.50.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNDK. Wells Fargo & Company increased their target price on shares of Sandisk from $50.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, October 13th. UBS Group reiterated an “overweight” rating and issued a $230.00 target price on shares of Sandisk in a research note on Monday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 target price on shares of Sandisk in a research note on Friday, August 15th. Morgan Stanley increased their target price on shares of Sandisk from $96.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 price target (up previously from $60.00) on shares of Sandisk in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and a consensus target price of $120.41.

Institutional Trading of Sandisk

An institutional investor recently bought a new position in Sandisk stock. Osaic Holdings Inc. purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,921 shares of the data storage provider’s stock, valued at approximately $317,000.

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.