Bài đăng

Sandisk Delivered Strong Results. Investors Were Looking Somewhere Else. On paper, Sandisk's latest earnings looked impressive. The company reported FY2026 Q4 revenue of $8.97 billion and adjusted EPS of $39.25, beating analyst expectations on both metrics. Management also expanded its share repurchase program by $14 billion, bringing total remaining buyback authorization to $15.5 billion. Yet the stock moved lower after hours. The reason wasn't the quarter that just ended. It was the quarter ahead. Sandisk's FY2027 Q1 revenue guidance of $10.3–10.8 billion came in below consensus at the midpoint, reminding investors that expectations around AI infrastructure remain exceptionally high. The reaction highlights an important shift across technology markets. Companies are increasingly judged less by what they've delivered and more by whether they can sustain growth over the next several quarters. For memory manufacturers, the debate has also become more nuanced. Demand for AI storage and high-bandwidth flash remains strong, but investors are asking whether pricing can stay elevated as supply gradually expands. In today's market, an earnings beat gets your attention. Future guidance determines your valuation. Do you think AI-driven demand will continue supporting premium valuations for memory companies, or are expectations becoming too optimistic? Share your thoughts below 👇 #SandiskInvestorDay