🔴 SanDisk is trading 7.5% down today after guidance midpoint fell below consensus

SanDisk is trading at $7.75, down 7.52% on August 6, 2026, after fiscal-first-quarter 2027 revenue guidance disappointed investors.

• Fiscal-fourth-quarter results were strong, with revenue reaching $8.97 billion.
• Fiscal-first-quarter 2027 revenue guidance is $10.3 billion–$10.8 billion, placing its midpoint below the $10.8 billion analyst consensus.
• The reaction is also weighing on memory and storage peers, reinforcing a sector-wide reset in elevated expectations.