--- title: "Sandisk Stock Jumps 4% As AI Memory Demand Heats Up Ahead of Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/303417584.md" description: "Sandisk stock rose 4% ahead of its Oct. 29 earnings, driven by optimism over AI memory demand following SK Hynix's record profits. Analysts expect EPS of $46.22 on revenue of $10.64 billion for fiscal Q1 2027. Despite the rebound, technical indicators show intermediate pressure. The stock maintains a Buy consensus with an average price target of $2,253.57." datetime: "2026-10-28T14:53:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303417584.md) - [en](https://longbridge.com/en/news/303417584.md) - [zh-HK](https://longbridge.com/zh-HK/news/303417584.md) generator: "portal-rs" --- # Sandisk Stock Jumps 4% As AI Memory Demand Heats Up Ahead of Earnings **Sandisk Corp.** (NASDAQ:SNDK) remains in focus as investors weigh improving AI-related memory demand, stronger peer results and the company’s upcoming fiscal first-quarter earnings report. The stock is up about 4% on Wednesday as AI memory demand headlines support broader memory-sector sentiment. ## SK Hynix Results Support Memory Outlook **SK hynix Inc.** (NASDAQ:SKHY) reported record operating profit of KRW 83.33 trillion, up 632% year over year, while revenue climbed 328% to KRW 104.62 trillion. The company attributed the performance to higher memory prices and AI server demand. SK hynix also said it has long-term agreements with 14 major customers covering more than 50% of its production capacity for 2027 and 2028. The company expects demand to continue exceeding supply through 2030. Those results helped lift memory stocks including Sandisk and **Micron Technology Inc.** (NASDAQ:MU) as investors focused on the outlook for NAND, high-capacity flash memory and enterprise SSD demand. ## Earnings Approach After October Pullback Sandisk is scheduled to report fiscal first-quarter 2027 results on Oct. 29. Analysts expect earnings per share of $46.22, up from $1.22 a year earlier, on revenue of $10.64 billion, compared with $2.31 billion in the prior-year period. The stock trades at a 17.7 times price-to-earnings multiple. ## Technical Analysis Sandisk remains above its 200-day simple moving average (SMA) of $1,245.57, but trades 8.5% below its 20-day SMA of $1,486.86 and 13.7% below its 50-day SMA of $1,576.10. The 20-day average also remains below the 50-day average, leaving the intermediate trend under pressure despite the rebound on Wednesday. ## Analyst Outlook Sandisk carries a Buy consensus rating with an average price forecast of $2,253.57. Cantor Fitzgerald maintains an Overweight rating with a $2,200 forecast, Mizuho maintains Outperform with a $2,050 forecast, and Rosenblatt initiated coverage with a Buy rating and $2,400 forecast. ## Top ETF Exposure The **Invesco S&P 500 Pure Growth ETF** (NYSE:RPG) holds a 6.94% weight in Sandisk, while the **Invesco S&P Spin-Off ETF** (NYSE:FPX) holds 6.08% and the **First Trust US Equity Opportunities ETF** (NYSE:CSD) holds 5.85%. Significant inflows or outflows in these funds can translate into corresponding trading activity in SNDK shares. ## Price Action **SNDK Stock Price Activity:** Sandisk shares are trading higher by 4.23% at $1,360.08 at the time of publication on Wednesday, according to Benzinga Pro data. *Photo: Shutterstock.com* **Read Also: Why Is Micron Technology Stock Surging Wednesday?** ### Related Stocks - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [SNDC.US](https://longbridge.com/en/quote/SNDC.US.md) - [SNDG.US](https://longbridge.com/en/quote/SNDG.US.md) - [SNDQ.US](https://longbridge.com/en/quote/SNDQ.US.md) - [SNDU.US](https://longbridge.com/en/quote/SNDU.US.md) - [SNXX.US](https://longbridge.com/en/quote/SNXX.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) ## Related News & Research - [Throwback to SanDisk’s AI memory valuation after a 3,000% gain](https://longbridge.com/en/news/302997837.md) - [Kingswood Wealth Advisors LLC Sells 2,507 Shares of Sandisk Corporation $SNDK](https://longbridge.com/en/news/303048585.md) - [Sandisk Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call](https://longbridge.com/en/news/303572940.md) - [E. Ohman J or Asset Management AB Makes New Investment in Sandisk Corporation $SNDK](https://longbridge.com/en/news/302841684.md) - [Maxi Investments CY Ltd Acquires New Holdings in Sandisk Corporation $SNDK](https://longbridge.com/en/news/303208220.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**