SanDisk Shares Fall After Blowout Quarter, Guidance Fails to Match Lofty Expectations
SanDisk shares plunged in pre-market trade despite the company reporting record quarterly results. Strong Q4 FY2026 earnings and revenue were offset by Q1 FY2027 revenue guidance that fell short of very high investor expectations, comments on weakening PC and smartphone shipments, and relatively flat gross margin guidance. A sizable new buyback pro…