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SanDisk stock falls 9% in premarket trading after the company issued revenue guidance below analyst expectations.

SanDisk stock fell approximately 9% in premarket trading after the company issued fiscal first quarter revenue guidance that fell short of analyst estimates. While the company's adjusted earnings per share of $39.25 exceeded expectations, the projected revenue of $10.3 billion to $10.8 billion was lower than the estimated $11.16 billion. SanDisk, which spun off from Western Digital in February 2025, has been a top performer in the S&P 500 since the start of 2026. The company reported fiscal fourth quarter revenue of $8.79 billion, beating consensus estimates. Management noted that demand is currently outpacing supply, leading to the company to continue rationing memory supply through 2027. CFO Luis Visoso highlighted that the company has signed new-business model agreements with a minimum expected revenue of $93.9 billion. The company remains a key player in AI infrastructure, recently partnering with SK Hynix to release a new hardware blueprint for faster AI chips.

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