Sandisk Slides 5.6% as China Memory Fears and Profit-Taking Hit Ahead of Oct. 29 Earnings
SNDK has more than doubled off its 52-week low of $130.5 on light trading volume (0.3× avg).
Summary
Sandisk fell 5.58% to $1,325 in Thursday premarket trading, extending a pullback that has left the stock 21.3% below its 20-day moving average and 16.6% below its 50-day. The trigger is a fresh competitive scare: reports that China's ChangXin Memory Technologies advanced on next-generation DRAM and server-grade DDR5 sparked selling across memory names. Sandisk makes NAND flash, not DRAM, so the direct threat is limited, but the read-through on future memory supply and pricing is what traders are trading. Profit-taking after a huge 2026 run and rising Treasury yields are adding pressure. The real test is fiscal Q1 earnings on Oct. 29: analysts expect EPS of $46.22 on revenue of $10.64 billion, versus the company's own guide of $10.3B-$10.8B and $44-$46 adjusted EPS. Margins, pricing and enterprise AI storage demand are the numbers that matter.
At the time of this announcement, SNDK was trading at $1,294.61 on NASDAQ in the Technology sector, with a market capitalization of approximately $187.1B. The 52-week trading range was $130.50 to $2,354.39. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.