Sandisk Corporation Stock Drops Despite 51% Revenue Surge as Guidance Disappoints

Sandisk Corporation stock dropped sharply after earnings, closing at 1350.5 despite beating estimates. EPS surprised by +14.63% and revenue by +8.01%, with sales up 51% quarter-over-quarter on AI-driven NAND tailwinds. The market, however, focused on disappointing forward guidance over strong results.

Key takeaways

• Sandisk Corporation stock tumbled from an open of 1399.94 to close at 1350.5 after its latest earnings release
• The company delivered an EPS beat of +14.63% and a revenue beat of +8.01% for the quarter ended June 2026
• Revenue surged 51% quarter-over-quarter, fueled by AI-driven NAND demand tailwinds
• Daily price closed below both the EMA20 at 1441.43 and EMA50 at 1522.70, signaling negative short-term momentum
• The 15-minute RSI14 reached oversold territory at 29.64, opening the door for a potential relief bounce

Daily Trend: A Correction Inside a Larger Uptrend

Sandisk Corporation stock is in a correction, not a long-term reversal. Short-term momentum has turned negative, but the broader uptrend remains structurally intact thanks to the EMA200.

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