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Sandisk Corporation (SNDK) earnings date & stock reaction

Sandisk Corporation · IT

Sandisk Corporation earnings date & time

Next earningsThu, November 5 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Fri, November 6
Reporting pattern
6 of last 6 after close
Typical move
±7.8% · 6-report avg

What the market expects

Consensus EPS

$46.21Coming in above this counts as a beat

Guided revenue
$9.0B→$10.6B+17.7%
Guided EPS
$39.25→$45.00+14.6%
Full earnings calendarFrom an earnings calendar
Latest reportMay–Jul 2026 results· August 5, 2026 reported
EPS consensus $34.52 → $39.25 ▲ +13.7% beatRev $1.9B → $9.0B +372% YoY
Post-earnings price move
Next-day move
-6.8%
After 5 days
-0.5%
Price around earnings
Around this report
Sector peer Arista Networks Inc. +3.6% next day (8/4)A same-industry peer, Arista Networks Inc., reported within the 10 days before this one (1d earlier). How the market took it (next-day move +3.6%) is the best read on the sector mood. A beat that still fell means the bar was high, so this stock may face similar pressure.Ran up +11% into earningsIn the 3 trading days before this report, the stock moved more than usual. A pre-earnings run-up can mean expectations were already priced in, a drop can mean bad news was priced in early. Read the post-earnings reaction with that in mind.
Earnings callRapid revenue growth led by datacenter and expansion of New Business Models
“We delivered record revenue, gross margin, and earnings per share, each above the high end of our guidance, and repurchased $4.5 billion of company stock.”
· David Goeckeler, CEO
“The total expected revenue from all our NBMs we have signed is a minimum of $93.9 billion, assuming floor pricing.”
· Luis Visoso, CFO
Positives
  • ▲Explosive growth in Datacenter segment
    • Datacenter revenue reached $2.98 billion this quarter, up 103% sequentially.
    • Full-year datacenter revenue hit $5.15 billion, growing 437% vs last year as a key growth pillar.
  • ▲Margin expansion and operating leverage
    • Q4 Non-GAAP gross margin was 84.6%, improving 6.2 percentage points from 78.4% in the prior quarter.
    • Operating expenses were managed at 5.4% of revenue, down from 7.5% in the previous quarter.
  • ▲Securing long-term demand via NBMs
    • Signed NBM agreements with 8 strategic customers, securing visibility for over 4 years.
    • Total expected minimum revenue from these deals is $93.9 billion, with RPO at $59.8 billion.
Concerns
  • ▼Decline in Consumer segment revenue
    • Consumer revenue fell to $0.56 billion this quarter, down 32% from $0.82 billion in the prior quarter.
  • ▼Higher inventory levels and limited bit growth
    • The company plans to maintain higher inventory levels to support NBMs and offset component costs.
    • This strategy limits sellable bit growth to the mid-teens for the full fiscal year 2027.
Based on the Aug 5, 2026 earnings-call transcript. Quotes are verbatim.

Sandisk Corporation (SNDK) rose the day after earnings in 4 of its last 6 reports (67%), moving ±7.8% on average. It has fallen despite beating the consensus estimate 2 times.

Up next day
4/6
67%
Fell despite growth
0/6
Good earnings ignored
Price when beating
+4.0%
avg over 6 beats
Price when missing
—
never missed
Avg earnings move
±7.8%
typical swing on earnings
Biggest single move
+15.3%
'25.11 · largest reaction
🔑What actually moves this stock?
What really matters here
NAND flash prices and data-center demand
In finance terms: NAND price · demand
Growth · revenue (YoY by quarter, latest right)
-1%
25-05(Mar qtr)
+23%
25-11(Oct qtr)
+61%
26-01(Jan qtr)
+251%
26-04(Apr qtr)
+372%
26-08(Jul qtr)
Accelerating · Growth is accelerating from -1% to +372%. A good direction.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Tends to run up in the week before earnings
Rose beforehand 6 of last 6 · avg +10.7% · expectations build early
Good results usually push the stock up
Up the next day 4 of 6 beats (67%)
vs IT sector avg (192 peers)
This
+4.0%
Sector
+0.9%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

This stock mostly moves with the reported earnings number
Moved opposite to results 2 of last 6 times (33%)
2xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth0/6

2/6 beats fell next day · watches NAND price · demand

Next-day reaction
  • Jul 2026 report-6.8%
  • Apr 2026 report+8.3%
  • Jan 2026 report+6.8%
  • Oct 2025 report+15.3%
  • Jun 2025 report-4.6%
  • Mar 2025 report+4.8%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

May–Jul 2026 results
Reported 2026-08-05
Next-day move
-6.8%
After 5 days -0.5%
EPS consensus $34.52 → $39.25 ▲ +13.7% beatRev $1.9B → $9.0B +372% YoY
Beat by +13.7% but stock -6.8%
Next-Q guidance+18%· ~$10.6B est.
Price around earnings
Around this report
Sector peer Arista Networks Inc. +3.6% next day (8/4)A same-industry peer, Arista Networks Inc., reported within the 10 days before this one (1d earlier). How the market took it (next-day move +3.6%) is the best read on the sector mood. A beat that still fell means the bar was high, so this stock may face similar pressure.Ran up +11% into earningsIn the 3 trading days before this report, the stock moved more than usual. A pre-earnings run-up can mean expectations were already priced in, a drop can mean bad news was priced in early. Read the post-earnings reaction with that in mind.

Earnings trend · last 12 quarters

EPS$39.25
'25.5'26.8
Revenue$9.0BYoY +372%
'25.5'26.8

Earnings history and price reaction

Sandisk Corporation across its last 6 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
7/20262026-08-05+13.7%-6.8%-0.5%
4/20262026-04-30+59.7%+8.3%+22.2%
1/20262026-01-29+75.0%+6.8%+6.8%
10/20252025-11-06+36.9%+15.3%+17.3%
6/20252025-08-14—-4.6%-2.5%
3/20252025-05-07+22.4%+4.8%+19.9%

6 reports, quarters ending 3/2025 to 7/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next Sandisk Corporation earnings date?

The next Sandisk Corporation (SNDK) earnings report is expected Thu, November 5 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Sandisk Corporation's next earnings?

Analysts expect EPS of about $46.21 for Sandisk Corporation (SNDK). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Sandisk Corporation (SNDK) stock usually go up after earnings?

Over the last 6 earnings reports, the stock rose on 4 of them (67%). The average move on earnings day was ±7.8%.

Does Sandisk Corporation react more to the earnings numbers or to guidance?

In 2 of the last 6 reports (33%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Does Sandisk Corporation stock keep moving after the earnings day?

Over the last 6 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.