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Sandisk Stock Faces Pressure Ahead of Earnings
15 Oct
Summary
- Sandisk earnings are expected October 29, 2026, with significant EPS and revenue growth projected.
- Chinese competitor ChangXin Memory Technologies advances spark broader memory stock concerns.
- Profit-taking and rising Treasury yields add pressure to Sandisk's stock ahead of earnings.
Sandisk Corporation (NASDAQ: SNDK) stock experienced downward pressure as Thursday approached, with investors evaluating upcoming fiscal first-quarter earnings, persistent competition from China, and profit-taking following a notable rally in 2026. The company is scheduled to release its first-quarter earnings on October 29, 2026. Analysts forecast earnings per share of $46.22, a significant increase from $1.22 in the prior year, with revenue projected at $10.64 billion, up from $2.31 billion.
Investor sentiment is also affected by broader weakness in AI-linked memory stocks and concerns about rising borrowing costs impacting AI infrastructure spending. Fresh competition worries arose from reports of ChangXin Memory Technologies in China developing next-generation DRAM and DDR5 memory. Although Sandisk primarily focuses on NAND flash memory, these advancements fuel general concerns about future memory supply and pricing dynamics.
Profit-taking by investors after Sandisk's substantial gains in 2026 is also a contributing factor. Simultaneously, increasing Treasury yields and worries about debt-financed AI infrastructure expansion are pressuring technology stocks. Buyers must push the stock above its shorter-term moving averages to signal a stronger recovery, with key resistance near $1,446.50 and support around $1,325.
