SanDisk reports record Q4 earnings but shares tumble on muted guidance
SanDisk posted fiscal fourth‑quarter 2026 revenue of $8.97 billion, a 372 % year‑over‑year increase, and adjusted earnings of $39.25 per share, well above analyst estimates of roughly $35. Non‑GAAP gross margin rose to 84.6 %. Data‑center sales surged to $2.98 billion, up 103 % sequentially, driving the strong results.
The company announced an additional $14 billion share‑repurchase program, raising total authorized buybacks to $15.5 billion, and disclosed eight new long‑term NBM agreements that lock in at least $93.9 billion of future revenue. For the next quarter, SanDisk forecast revenue of $10.3‑$10.8 billion, below the Wall Street median of about $10.82 billion, while projecting adjusted EPS of $44‑$46, slightly above the $43.12 consensus.
Despite the earnings beat, the stock fell between 5 % and 10 % in pre‑ and post‑market trading, prompting analysts such as Jefferies to cut their price target to $1,750. The reaction reflects heightened investor expectations for AI‑driven growth and skepticism when guidance falls short of lofty market hopes.
Entities
AI data centers · AI data‑center market · David Goeckeler · Irving Tan · Jefferies · LSEG · Milpitas, California · New Business Model (NBM) agreements · SanDisk Corp. · SanDisk Corporation · U.S. Securities and Exchange Commission · Western Digital
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Western Digital’s shares fell more than 9 % in extended trading after the forecast announcement.
- [● 2 SOURCES] Strong demand from AI‑driven data centers supported Western Digital’s revenue growth.
- [● 2 SOURCES] Rising memory prices have weakened demand in the personal‑computer and consumer‑hard‑drive markets.
- [● 3 SOURCES] Western Digital reported fourth‑quarter revenue of $3.75 billion, a 44 % increase year‑over‑year.
- [● 3 SOURCES] Adjusted profit per share for the quarter was $3.56, exceeding the analyst estimate of $3.30.
- [○ 1 SOURCE] Western Digital’s shares dropped about 5 % in regular trading and a further roughly 10 % after the earnings release.
- [● 2 SOURCES] Western Digital forecast adjusted earnings per share of $4.00, plus or minus $0.15, above analysts’ estimate of $3.81.
- [● 2 SOURCES] Western Digital forecast first‑quarter revenue of $4.1 billion, plus or minus $100 million, slightly above the analysts’ average estimate of $4.04 billion.
- [● 11 SOURCES] Sandisk reported fourth‑quarter fiscal 2026 revenue of $8.97 billion, up 51 % sequentially and 372 % year‑over‑year. jack1065.com · crypto-times.jp · www.it-boltwise.de · dev.tnonline.com.br · blockonomi.com · +4 more
- [● 4 SOURCES] Consumer revenue fell 32 % to $0.556 billion. cryptobriefing.com · news.cnyes.com · newsbit.nl
- [● 13 SOURCES] Sandisk approved an additional $14 billion share‑repurchase program, raising total authorization to $15.5 billion. jack1065.com · crypto-times.jp · www.it-boltwise.de · dev.tnonline.com.br · blockonomi.com · +5 more
- [● 7 SOURCES] Edge‑product revenue grew 48 % to $5.43 billion in the quarter. blockonomi.com · cryptobriefing.com · seekingalpha.com · newsbit.nl · mix929.com · +2 more