Sandisk (NASDAQ:SNDK) Issues Q1 2027 Earnings Guidance

Sandisk (NASDAQ:SNDK) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share 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 Performance

Sandisk stock traded down $77.12 during midday trading on Wednesday, reaching $1,350.50. 15,189,962 shares of the company’s stock were exchanged, compared to its average volume of 16,523,463. Sandisk has a 52 week low of $40.53 and a 52 week high of $2,354.39. The firm has a market cap of $200.00 billion, a price-to-earnings ratio of 46.94 and a beta of 5.20. The stock’s 50-day simple moving average is $1,722.09 and its 200 day simple moving average is $1,135.35.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SNDK shares. Cantor Fitzgerald lifted their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Evercore set a $3,100.00 price target on Sandisk in a research note on Monday, July 13th. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Melius Research set a $2,350.00 price objective on shares of Sandisk in a research report on Monday, May 18th. Finally, Mizuho upped their price objective on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Three investment 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. Based on data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $1,811.38.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business’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 transaction of $697,296.00. Following the completion of the sale, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the company’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 completion of the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 6,825 shares of company stock worth $10,863,593. Insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: High-bandwidth flash strengthens the AI growth story. SanDisk and SK hynix released the first Open Compute Project technical specification for High Bandwidth Flash (HBF), with Google participating in the broader effort. Standardization could help accelerate adoption of flash storage for AI inference and create a new market opportunity for SanDisk. Sandisk and SK hynix Advance Global Standardization of High Bandwidth Flash
• Positive Sentiment: New QLC technology targets expanding data-center demand. SanDisk and Kioxia unveiled 10th-generation QLC 3D flash memory with industry-leading bit density. The product is aimed at AI infrastructure, cloud platforms and other data-intensive workloads, potentially improving storage capacity and cost efficiency. New 3D Flash Memory Technology from Kioxia and Sandisk
• Positive Sentiment: Wall Street expects strong fiscal fourth-quarter results. Estimates call for roughly $8.4 billion to $8.7 billion in revenue and adjusted EPS in the mid-$30s. Analysts are focused on AI data-center demand, enterprise SSD sales, stronger NAND pricing and potential upside to prior guidance. Wall Street Forecasters Revamp SanDisk Expectations
• Neutral Sentiment: Earnings are the immediate catalyst. SanDisk reports after the market close, and options imply an approximately 15% to 16% move in either direction. Investors will scrutinize NAND prices, shipment growth, gross margins, enterprise SSD demand, fiscal 2027 contracts and first-quarter guidance. SanDisk Stock Could Move After Earnings
• Negative Sentiment: Valuation and execution risks remain significant. The stock’s recent rally has raised the bar for a beat-and-raise report. Bears warn that prior margin gains were driven more by pricing than shipment growth, while NAND oversupply, Chinese competition and cyclical pricing could pressure future results. SanDisk Q4 Earnings Preview
• Negative Sentiment: An insider sale adds a minor cautionary signal. Director Bernard Shek sold 600 shares under a pre-arranged Rule 10b5-1 plan, reducing his holdings by about 1.9%. Because the sale was scheduled in advance and relatively small, its impact is likely limited. SanDisk Insider Selling

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new position in shares of Sandisk in the third quarter valued at about $165,000. CIBC Private Wealth Group LLC bought a new position in Sandisk during the third quarter worth about $159,000. Los Angeles Capital Management LLC acquired a new stake in Sandisk in the 4th quarter worth about $145,000. Northwestern Mutual Wealth Management Co. raised its stake in Sandisk by 97.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 557 shares of the data storage provider’s stock worth $132,000 after purchasing an additional 275 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in Sandisk in the 4th quarter valued at about $125,000.

Sandisk Company Profile

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.