PomegraSanDisk Stock Falls 5% Despite Earnings Beat, Stock Split
Why did SanDisk stock fall 5% despite earnings?
SanDisk (SNDK) stock fell 5.3% to $1,330.05 on Thursday as a Samsung profit miss hit memory shares, and slipped further after solid results and an 8-for-1 split.
Key numbers
| Share price (Oct 29 close) | $1,330.05-5.32% on the day |
|---|---|
| Quarterly revenue | $11.03B+378% YoY, +23% QoQ |
| Non-GAAP gross margin | 85.1%+0.5 pts vs prior quarter |
| Data center revenue | $4.80B+61% vs prior quarter |
| Next-quarter revenue forecast | $12.2B-$12.6BAbove analyst average |
| Stock split | 8-for-1Split-adjusted trading from Nov 20 |
What happened
SanDisk (SNDK) stock fell 5.3% to $1,330.05 on Thursday as a Samsung profit miss hit memory shares, and slipped further after solid results and an 8-for-1 split. The company then reported sales of $11.03 billion, up 23% from the last quarter and 378% from a year ago, beating analyst forecasts. It expects $12.2 billion to $12.6 billion next quarter, and each share will become eight on November 20. In after-hours trading the stock fell roughly 2% to 4%, with reports differing on the size.
Why it matters
SanDisk's fall shows that even a big earnings beat can leave a stock lower when investors already expected great news. The shares are up about 461% this year, so much of the AI-driven demand for storage chips was already in the price. The split does not change what the company is worth. It only cuts the price of each share, which can make buying small amounts easier.
Who this affects
- MarketmixedMedium impact
- Memory-chip investors face sharper swings after a huge rally.
- CompanymixedMedium impact
- Shareholders see a lower price despite record sales and profit.
- CompetitorsbearishMedium impact
- Micron fell 5% too; rivals share the same pressure.
- IndustrybullishMedium impact
- AI storage demand stays strong, led by data center sales.
SanDisk vs Micron, Western Digital, Seagate
How we got here
Samsung profit miss hits memory stocks; SanDisk closes down 5.3% at $1,330.05, Micron down 5.0%.
After the close, SanDisk reports $11.03B revenue and announces an 8-for-1 stock split.
Shares slip further in after-hours trading, roughly 2% to 4% lower depending on the report.
SanDisk shares indicated lower again in pre-market trading before the US open.
What to watch
- Split record date: holders on this day get seven extra shares for each share held2026-11-09
- Split-adjusted trading begins; quoted price drops to about one-eighth of today's level2026-11-20
- Next quarterly report, versus the $12.2B-$12.6B revenue forecastEarly 2027
Educational content only. Not investment advice.
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