Sandisk Stock Falls 3.8% Before Western Digital Reports…
By Tobi Opeyemi Amure
AI summary of the source article
Sandisk stock dropped 3.83% to $1,325.46 in pre-market trading ahead of Western Digital's fiscal first-quarter earnings release. Western Digital's report serves as a key memory sector read-through prior to Sandisk's own earnings on 29 October.
Why it matters
The DRAM versus NAND distinction "matters a great deal for anyone trading this as a Sandisk stock read-across."
Key facts
- Sandisk stock fell 3.83% to $1,325.46 in pre-market trading ahead of Western Digital's earnings print.
- Western Digital guided first-quarter non-GAAP earnings to $3.85–$4.15 on revenue of $4.0 billion to $4.2 billion.
- Micron's Taoyuan union launched a 24-hour strike on Thursday involving roughly 2,100 members.
Source excerpt · FinanceFeeds
Sandisk stock fell 3.83% to $1,325.46 in pre-market trade on Thursday, giving back Wednesday’s 0.94% gain to $1,378.22, hours before its former parent reports. Western Digital publishes fiscal first quarter results after the close, with a call at 1:30 p.m. Pacific. That print is the first memory and storage read-through of the week, and it lands on the morning Micron’s Taoyuan union walks out in T…