Sandisk Q4 Beats but Guidance Disappoints; $14B Buyback Added
Summary
Sandisk reported a strong fiscal Q4 with revenue of $8.97B and adjusted EPS of $39.25, both well above consensus. However, the Q1 2027 outlook—revenue of $10.3B-$10.8B and EPS of $44-$46—fell short of elevated expectations, sending shares down 3% after hours. The company also expanded its buyback authorization by $14B to $15.5B total, signaling confidence but not enough to offset the guidance miss. This follows a brutal semiconductor correction that has already halved the stock from June peaks. The datacenter segment more than doubled sequentially, driven by higher pricing and a shift to higher-value customers, but the market wanted more. With the stock trading at just 7x forward earnings, the selloff reflects disappointment that the recovery isn't accelerating faster.
At the time of this announcement, SNDK was trading at $1,306.01 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 9 out of 10. Source: Reuters.