SanDisk CEO Sees Mid-Teens Drop in PC, Smartphone Shipments in 2026
Summary
CEO David Goeckeler expects PC and smartphone unit shipments to decline by mid-teens in 2026, a sharp drop that could pressure NAND demand. He noted average smartphone storage capacity should rise by a similar percentage, partially offsetting the unit decline, while PC storage capacity remains flat. Goeckeler sees the market adjusting quickly and expects NAND exabyte growth to return in 2027 as device shipments stabilize and storage capacity increases. This follows a strong Q4 beat and raised Q1 outlook reported yesterday, but the stock fell 5.4% in regular trading and another 8% after hours, reflecting concern over the near-term demand outlook.
At the time of this announcement, SNDK was trading at $1,243.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $200B. The 52-week trading range was $40.53 to $2,354.39. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.