Sandisk stock steady ahead of AI highflier's earnings

What happened: Sandisk (SNDK) banal declined somewhat up of the flash representation and retention manufacturer's fiscal 4th fourth net connected Wednesday.

What's down the move: The banal was small changed arsenic investors awaited quarterly results for clues astir continued momentum successful the AI trade.

Wall Street expects Sandisk to proceed benefiting from AI infrastructure spend, peculiarly request for retention and representation products utilized successful information centers.

The institution is expected to present adjusted net per stock of $34.37 connected gross of $8.64 billion, according to Bloomberg statement estimates. Adjusted gross borderline is forecast astatine 81.5%.

For the company's fiscal archetypal 4th guidance, analysts expect gross of $11.16 billion, adjusted net per stock of $45.58, and gross borderline of 83.6%.

What other you request to know: Yahoo Finance AlphaSpace information shows that the company's fiscal 3rd 4th gross astir doubled from the erstwhile three-month period, driven by a crisp summation successful request for representation and retention arsenic AI request has surged.

"You person a 12 times request curve summation successful representation to support up with the velocity of compute astatine this constituent successful time. I deliberation that this is simply a durable commercialized that lasts for the adjacent 12 to 18 months," Brian Mulberry, Zacks Investment Management main marketplace strategist, told Yahoo Finance earlier this week.

Sandisk quarterly revenue.

Sandisk, which spun disconnected from Western Digital (WDC) successful February 2025, has been 1 of the biggest winners this twelvemonth arsenic representation and retention person emerged arsenic cardinal bottlenecks successful the AI infrastructure build-out.

The banal is up astir 490% twelvemonth to day and has been the champion performer successful the S&P 500 (^GSPC) since the commencement of 2026.

Wall Street has 25 Buy ratings connected the stock, 5 Holds, and nary Sells, with the mean terms people conscionable northbound of $2,400.

Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.

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