Sandisk Corporation (SNDK) earnings on April 30, 2026
More Sandisk Corporation earnings
Prior outlook: Pessimistic Outcome: Partial
The stock surged over 8% after earnings, reaching its highest point of the day and closing significantly higher, suggesting investors responded positively to the report.
SNDK price around the earnings
1188.14
Change: +8.1%
2026-05-01, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
Analysts cautious, the risk scenario outweighs the reward scenario.
Experts anticipate strong demand for AI memory chips, but the stock has rallied significantly and may face a 'sell-the-news' event. The current price is near targets, suggesting limited further upside and potential for a pullback.
Context analyzed before publication
- Summary
- Analysts cautious, risk outweighs reward.
- Reasoning
- Experts anticipate strong demand for AI memory chips, but the stock has rallied significantly and may face a 'sell-the-news' event. Current price is near targets, suggesting a limited optimistic scenario and potential for a pullback.
- Playbook
- The stock appears fully valued with potential for a near-term decline.
- Trend
- Outlook deteriorating over past five sessions.
Analysts
Drivers
-
Analysts
Negative
The average price target suggests only a small optimistic scenario, with the current stock price already close to this level. While earnings per share are expected to grow strongly, this positive outlook appears to be already reflected in the stock's price. Recent analyst actions have been m
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.65
- Analysts covering the stock
- 20
- Average price target
- 928.05
- Lowest price target
- 600
- Highest price target
- 1,800
- Upside to price target
- 2.7%
- Quarterly earnings growth
- 672.1%
- Revenue growth
- 61.2%
- Forward EPS
- 114.38
- Trailing EPS
- -7.5
- Analyst moves in the last 60 days
- 8
- Strong buy: 2
- Buy: 13
- Hold: 4
- Sell: 0
- Strong sell: 1
- Strong buy
- 2
- Buy
- 13
- Hold
- 4
- Sell
- 0
- Strong sell
- 1
- April 20, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
- April 17, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- April 14, 2026 · Evercore ISI Group: Initiates coverage (Hold → Outperform)
- April 13, 2026 · Citigroup: Maintains rating (Buy → Buy)
- April 9, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
- March 23, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- March 19, 2026 · Citigroup: Maintains rating (Buy → Buy)
- March 18, 2026 · KGI Securities: Initiates coverage (Outperform)
News and sentiment
Drivers
-
News & sentiment
Negative
High retail interest and positive news about AI are contributing to a crowded case, increasing the risk of a sell-off after the event. The trend in expert opinion has shifted negatively over the past week, reflecting concerns about the stock's valuation.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- These 10 Stocks Rose Over 40% Since Trump's Ceasefire Claims: One Hasn't Done This Since 2005 — Benzinga
- B of A Securities Maintains Buy on SanDisk, Raises Price Target to $1080 — Benzinga
- Nvidia's AI Reign Under Threat: These 4 Memory Stocks Are Now Leading The Chip Rally — Benzinga
- What's Going On With SanDisk Stock Tuesday? — Benzinga
- Sandisk Stock: 28% More To Run On Memory Demand — Benzinga
- This SanDisk Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has shown strong recent performance compared to the broader market, but its price is nearing resistance levels. The typical daily price swing is significant, and recent momentum suggests the stock is market review at an elevated level, making it vulnerable to a price decrease.
Evidence
- Average true range (ATR)
- 6.1%
- Distance to 52-week high
- -6.4%
- 14-day change (14d)
- +30.4%
- 30-day change
- +46.1%
- 30-day relative strength
- +42.3%
- Benchmark change
- +3.8%
- Nearest support
- 559.03
- Nearest resistance
- 963.27
- Volume accumulation ratio
- 0.83
Trends
Evidence
- Average earnings surprise
- +226.3%
- January 29, 2026: actual EPS 6.2 vs estimate 3.54 (surprise +75.0%)
- November 6, 2025: actual EPS 1.22 vs estimate 0.89 (surprise +36.9%)
- August 14, 2025: actual EPS 0.29 vs estimate 0.03 (surprise +771.1%)
- May 7, 2025: actual EPS -0.3 vs estimate -0.39 (surprise +22.4%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 4 earnings
- Median move
- 5.6%
- 75th percentile move
- 8.6%
- 90th percentile move
- 12.7%
- Up / down moves
- 3 / 1
- Average up move
- +8.8%
- Average down move
- -4.5%
Monitoring and close
What Sandisk Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +8.1%
- Max favorable move (MFE)
- 7.2%
- Max adverse move (MAE)
- 8.2%