SanDisk (SNDK.O) posted a strong fiscal 2026 fourth quarter, with both revenue and profit topping market consensus, but the stock still fell in after-hours trading. Revenue jumped 372% year over year and rose 51% from the prior quarter, according to the figures cited by BlockBeats. Management said the revenue beat was driven by a shift toward a higher-value customer mix, with data center business growth of 437%, along with higher pricing. Even so, the company’s guidance for next quarter came in at $10.3 billion to $10.8 billion in revenue, below expectations. Options activity also drew attention: contracts expiring in the week of Aug. 7 showed the $1,370 strike price carried the highest open interest in both calls and puts. BlockBeats said the heavy options trading after earnings may have been at least part of the reason for the stock’s weak price action. According to BIT (bit.com) market data, SanDisk shares were at one point down 8% after hours and were last off 5.57%.
SanDisk (SNDK.O) reported a strong fiscal 2026 fourth quarter, with both revenue and profit beating market consensus, but the stock fell in after-hours trading, according to BlockBeats.
Revenue rose 372% from a year earlier and 51% from the previous quarter. Management said, "The revenue beat was driven by our shift toward a higher-value customer mix, with data center business growth of 437%, as well as pricing increases."
The company’s revenue outlook for next quarter came in at $10.3 billion to $10.8 billion, below expectations, which was cited as one factor behind the after-hours decline.
Options positioning also stood out. Contracts expiring in the week of Aug. 7 showed that the $1,370 strike price held the largest open interest in both call and put options. BlockBeats said heavy options trading after the earnings release may have been at least part of the reason for the weak share performance.
According to BIT (bit.com) market data, SanDisk shares were down as much as 8% after hours and were last down 5.57%.
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