SanDisk (SNDK) Stock Drops 9% as Guidance Disappoints Despite Record Q4 Results

TLDR

• SanDisk stock dropped over 9% in premarket trading despite beating Q4 earnings and revenue estimates
• Q4 revenue hit $8.97 billion, up 372% year over year, with EPS of $39.25 vs $34.96 expected
• Q1 revenue guidance of $10.3B to $10.8B came in below analyst estimates of $10.82B
• Gross margin guidance of 83%-85% also disappointed vs the 84.6% posted in Q4
• The stock has surged over 390% year to date, leaving investors with high expectations

SanDisk posted what looked like a blowout quarter. The numbers were hard to argue with. But Wall Street was focused on what comes next, and that’s where things got messy.

SANDISK $SNDK Q4 EARNINGS HIGHLIGHTS

🔹 Revenue: $8.97B (Est. $8.6B) 🟢; +372% YoY, +51% QoQ
🔹 Adj. EPS: $39.25 (Est. $34.45) 🟢; +68% QoQ
🔹 Adj. Gross Margin: 84.6% (Est. 81.5%) 🟢; + 58.2 ppt YoY

Q1'27 Guide:
🔹 Revenue: $10.3B-$10.8B (Est. $11.1B) 🔴
🔹 Adj. EPS:… pic.twitter.com/82JlTgzpaJ

- Wall St Engine (@wallstengine) August 5, 2026

The stock was trading around $1,223 in premarket Thursday, down roughly 9.4%, before settling to a 5.4% decline as the session opened.

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