Публикация

SanDisk's earnings looked outstanding on paper—but the market focused on one thing: guidance. Revenue, profit, and EPS all came in strong, yet the stock fell about 8% after hours. The reason? Next quarter's revenue guidance came in at $10.3–10.8B (midpoint $10.55B), well below analysts' expectations of roughly $11.16B. This is another reminder that in today's market, earnings get you through the door—guidance determines the valuation. We've seen the same pattern recently with Palantir. Strong quarterly results are already priced in. What investors want is confidence that growth will accelerate even further. Even SanDisk's $14B share buyback authorization failed to support the stock. In the current environment, a guidance miss outweighs almost every positive headline. That said, the long-term AI storage story remains intact. AI inference demand continues to expand, customer orders are reportedly secured years ahead, and the company remains well-positioned as next-generation memory standards evolve. The broader NAND market is still expected to see significant growth over the coming years. The market isn't saying SanDisk had a bad quarter—it didn't. It's saying expectations had become even bigger than the results. Short-term sentiment may stay under pressure, but if the AI infrastructure cycle continues to play out, the long-term investment thesis remains unchanged. $SNDK $XAU $SPCX #SandiskBeatAndBuyback #CircleArcLaunch