LIVE: SANDISK STOCK REPORTS 2026 EARNINGS TODAY!!!
In a Nutshell
SanDisk reported solid earnings but dropped 7.5% after-hours, while Western Digital fell 10-12% despite beating estimates. The stock remains extremely volatile, having swung from $2,300 to $970 in weeks, and investors are warned to size positions appropriately or avoid leverage. Guidance on the earnings call will determine if momentum continues, with a potential 10-15% move expected if results are strong.
These notes were generated by AI and may contain inaccuracies.
Ricky with Tech Solutions goes live on August 5th at 12:52 p.m. Arizona time. SanDisk and Western Digital are reporting earnings today after the bell. Western Digital is nosediving right before markets closed after staying elevated throughout the day. SanDisk is one of the best performing stocks.
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SanDisk hit lows of 1363. It previously hit sub $1,000 lows at 970 just a few days ago before recovering to nearly 1,500. The stock is slightly overbought based on recent time frames. SanDisk is on an absolute tear this year from start-of-year lows of $200 to highs of $2,300.
SanDisk is expected to report $34.52 per share in earnings and $8.39 billion in revenue. The stock is currently trading at 46.2 times earnings. Net income is 4.5 billion with revenue at 13.1 billion. The concern is that the memory market is cyclical, though demand for memory and infrastructure is unprecedented.
Out of the past five earnings reports, four have been positive with three of them being double-digit days. Guidance is a major focus for determining whether the growth momentum will continue into 2027.
At $1,300 per share, SanDisk is not considered a super safe stock due to volatility. The stock went from $2,300 down to $970 in three to four weeks, losing 58% of its value. Volatility is inherent to SanDisk's trading pattern.
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