Lates News

SanDisk (SNDK.O) reported strong Q4 results for the 2026 fiscal year, with both revenue and profit exceeding market consensus. Revenue surged 372% year-on-year and grew 51% quarter-on-quarter. Options expiring in the week of August 7 showed that the $1,370 strike price held the highest open interest in both call and put options, and the intense options trading following the earnings report may partly explain the soft stock price performance. The revenue outlook for the next quarter ($10.3 billion - $10.8 billion) falling short of expectations may also be one reason for the after-hours decline in stock price. SanDisk's management stated, The revenue beat was driven by our shift towards a higher-value customer mix (data center business grew 437%) and rising prices. SanDisk's stock briefly fell 8% in after-hours trading.