🔴 SanDisk is trading 6.05% down today after below-consensus first-quarter revenue guidance

SanDisk is trading at $7.30, down -6.05%, after its first-quarter fiscal 2027 revenue guidance midpoint came in below consensus.

• Fiscal fourth-quarter results on August 5 showed record revenue and earnings that exceeded estimates.
• Revenue guidance was $10.3-$10.8 billion, with its midpoint below consensus.
• The broader market was mixed on August 10; Nasdaq was down 0.18%, so market weakness appears secondary to the company-specific outlook concern.