SanDisk's earnings announced today

SanDisk's (SNDK) fiscal year 2026 fourth-quarter financial results announced today were an "earnings surprise" that exceeded expectations. However, as guidance for the next quarter fell somewhat short of the market's high expectations, the stock price declined in after-hours trading.

Key Results

• Revenue: 8.97 billion (exceeding market expectations of8.48 billion)
• Adjusted EPS: 39.25 (exceeding market expectations of34.96)
• Storage demand for AI data centers led the strong performance.

Next Quarter Guidance

• Revenue: 10.3 billion–10.8 billion
• Adjusted EPS: 44–46
• Compared to market consensus, the guidance midpoint was slightly below expectations, disappointing investors.

Stock Price Reaction

• Fell by about 5% in after-hours trading following the earnings announcement.
• This is interpreted as being influenced by the future outlook failing to fully satisfy high market expectations, rather than the performance itself.