Sandisk (SNDK) Stock: $1,150.89 Week Ahead After a 13%…
By Tobi Opeyemi Amure
AI summary of the source article
Sandisk shares fell 13.47% to close at $1,150.89 despite beating fiscal Q1 2027 revenue and EPS expectations. The drop followed slowing sequential revenue growth and concerns over peak gross margins.
Key facts
- Sandisk reported fiscal Q1 2027 revenue of $11.03 billion and non-GAAP EPS of $49.51, beating estimates.
- Sequential revenue growth slowed to 23 percent from 51 percent in the prior quarter, with consumer revenue dropping 29 percent to $397 million.
- An 8-for-1 stock split is scheduled with split-adjusted trading beginning on 20 November.
Source excerpt · FinanceFeeds
Updated 31 October 2026. Sandisk (SNDK) closed Friday 30 October at $1,150.89 , down $179.16 or 13.47 percent , on 17.6 million shares, and traded at $1,157.57 after hours (StockAnalysis). In two sessions after a quarter that beat on revenue, EPS and guidance, the stock has given back 18 percent from Wednesday's $1,404.77 close. Verdict: the market is debating whether an 85 percent gross margin is…