Sandisk (NASDAQ:SNDK) Updates Q2 2026 Earnings Guidance

Sandisk (NASDAQ:SNDK) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 3.000-3.40 for the period, compared to the consensus earnings per share estimate of 1.770. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.3 billion.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Sandisk from $96.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $50.00 target price on shares of Sandisk in a research note on Friday, August 15th. The Goldman Sachs Group boosted their target price on shares of Sandisk from $55.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Zacks Research upgraded shares of Sandisk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, UBS Group restated an “overweight” rating and issued a $230.00 price objective on shares of Sandisk in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $120.41.

Sandisk Price Performance

Shares of SNDK traded down $8.81 during midday trading on Thursday, hitting $207.69. 10,195,767 shares of the company traded hands, compared to its average volume of 4,563,405. The firm has a 50 day moving average of $119.35 and a 200-day moving average of $68.56. Sandisk has a 52 week low of $27.89 and a 52 week high of $226.50. The stock has a market cap of $30.41 billion and a price-to-earnings ratio of -358.09. 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 (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, November 6th. The data storage provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.58 by $0.32. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sandisk stock. Osaic Holdings Inc. acquired a new position in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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.