Sandisk shares drop more than 11% premarket on softer fiscal Q1 2027 guidance

Sandisk shares fell more than 11% in premarket trading on August 6, 2026, to about $1,194 from a prior close of $1,350.50, despite a quarterly beat. Revenue and non-GAAP EPS both came in above LSEG consensus, but the guidance for fiscal Q1 2027 was below what analysts had modeled. JPMorgan analysts said the softer guide could weigh on near-term sentiment.

• Premarket move: down more than 11% to about $1,194
• Prior close: $1,350.50
• Q4 revenue of $8.965 billion beat the roughly $8.39 billion LSEG estimate
• Non-GAAP EPS of $39.25 beat the roughly $34.45 LSEG estimate
• Guidance below expectations; adjusted gross margin guided to 83%–85%