Sandisk

SanDisk opened over 13% lower before staging a recovery during regular trading, closing at $1,278.47, down 5.3% for the day, driven by a mixed Q4 earnings report that beat estimates but featured a soft quarterly guidance, dashing high expectations for AI memory chip stocks. The stock hit a pre-market low of $1,175.18 before bouncing to a session high of $1,293.345, with an intraday range of $118. Revenue of $8.965 billion grew 371.59% YoY and net profit of $6.903 billion surged 30,113% YoY, though a net profit margin of 76.99% raises sustainability questions. The stock remains 45.7% below its 52-week high of $2,354.39 and trades below its 20-day ($1,429.24) and 60-day ($1,653.52) moving averages, while its YTD gain of 364.49% underscores the massive year-to-date run-up.

SanDisk (SNDK.US) surged during regular trading today, primarily driven by the joint announcement of the 10th-gen QLC 3D NAND technology with Kioxia, claiming the industry's highest bit density for QLC NAND, alongside pre-earnings sentiment with a highest analyst price target of $3,050. The stock rose 5.38% in pre-market, hit an intraday high of $1,405.50 (ET 09:50), then eased to $1,392.11, up roughly 8.1%. Q3 2026 revenue of $5.95 billion surged 251% YoY, and net profit of $3.615 billion jumped 287% YoY, with a net margin of 60.8%. However, the current price of $1,392.88 remains below the 20-day MA of $1,475.33 and 52-week high of $2,354.39, despite a 406% YTD gain, still 40.8% off the peak.

On August 3, SNDK staged a substantial intraday rebound, opening low and rallying to an intraday high of $1284.89, closing up about 5.7% from the prior close, and recovering roughly 10% from the pre-market low of ~$1162. The move was driven by the approaching earnings week: Q3 revenue of $5.95B and net profit of $3.615B surged 251% and 287% YoY respectively, with EPS of $23.03 (+272.75% YoY), ROE of 120.55%, and net profit margin of 60.76%. Despite the strong fundamentals, the stock still trades 45.47% below its 52-week high of $2354.39 and well below its MA20 ($1486.33) and MA60 ($1660.00), indicating persistent market concerns over AI memory demand slowdown and industry inventory. However, the stock fell to $1205 in post-market trading, down over 6%, reflecting short-term profit-taking.

Sandisk (SNDK.US) experienced a sharp intraday sell-off, sliding from its regular session open of $1396.98 to an intraday low of $1192.795, before closing at $1217.65, down 4.87% from the prior close of $1279.96, erasing its pre-market gains of over 5%. The plunge was primarily driven by sector-wide weakness following SK Hynix's disappointing earnings, compounded by market sentiment shifts from CXMT's 531% surge on its debut. Despite strong fundamentals—Q3 revenue of $5.95 billion (up 251% YoY), EPS of $23.03, and a net profit margin of 60.76%—the stock remains 48.28% below its 52-week high of $2354.39 and trades well below its MA20 ($1509.49) and MA60 ($1662.14), highlighting valuation concerns at a PE of 40.01x and PB of 13.09x. While the stock rebounded to $1354 in after-hours trading, the intraday decline underscores persistent selling pressure.

Sandisk staged a strong rebound during regular trading on Thursday, surging 15.5% to $1,173.89 as of ET 09:35, driven by technical buying and market sentiment recovery after the prior sharp selloff. The stock rallied from an overnight low of $997.07 to $1,135.03 in pre-market, then extended gains to an intraday high of $1,173.89, with intraday gains exceeding 17%. The recovery follows severe declines triggered by China's memory chip threat and looming earnings uncertainty, with overnight losses reaching 7.5% and week-to-date drop exceeding 50%. Despite the bounce, the price remains 50.16% below its 52-week high of $2,354.39 and well below the 20-day MA of $1,530.53 and 60-day MA of $1,663.51, indicating the rebound has not reversed the short-term downtrend. However, YTD gain still stands at 326.35%, with a P/E of 38.51x and P/B of 12.6x, suggesting elevated valuation.