Schwab Network on $SNDK (Oct 29, 2026)

When we saw 10 percent and 17-18 percent fluctuations from the big market leaders in the first half of this year. Yes, we are seeing quite a big drop here , the reports you mentioned are not at all as expected.

This is definitely not what the market was expecting. But let's look at SanDisk, because I was looking at their numbers while you were talking. Although the numbers are good, the response is on the downside.

Just a little bit though. We are down one and a quarter percent.

SanDisk is reporting its first fiscal quarter 2027 results. SanDisk's revenue for this quarter was $11.03 billion. Which exceeded expectations of 10.69 billion. This is 23 percent more.

Earnings per share or EPS came in at 49.51. The estimate was 46.36, so this is also higher than expected. And their gap diluted EPS was 52.60, which has increased by 20 percent sequentially.

Gross margin was 85.1 percent, which exceeded estimates.

Data center revenue was $4.8 billion, edge revenue was $5.83 billion, and consumer revenue was $397 million. SanDisk also says it will return $5 billion to shareholders this quarter by repurchasing about 3.2 million shares.

Their fiscal second quarter guidance is for revenue of $12.2 to $12.6 billion, which is well above estimates. The entire range is above the estimate of $12.1 billion. EPS guidance is $55 to $57, which exceeds the estimate of $52.72, and gross margin guidance is 84.5 to 85.5 percent, which is close to the estimate of 84.8 percent.

The company announced an eight-for-one forward stock split effective November 19 , but despite doing well on the metrics I read, we're still seeing a 2.4 percent decline, KG. So, what do you see that is holding us back?

Actually, I think the numbers are great. I mean, these stocks usually get some momentum as a result of a stock split. Maybe that could be for tomorrow. I think it's unfortunately a victim of the negative news in the tech sector as a whole.

So, yes, they did well in both revenue and profit , but at the end of the day, some of the larger companies were down 15 to 17 percent in after-hours trading. It will be difficult for them to turn around from there.

The stock was still down about 5.5 to 6 percent when the market closed. So, despite the good reports , it may have been planned in advance and marked by the market.

Yes, I think the company is saying that recent discussions with top customers are indicating an increase in demand. Customers are indicating continued demand beyond fiscal year 2030.

But again, as you mentioned, maybe it's a victim of negative news stories, so it's down 2% now.

Sandisk returned to a 1% positive position.