SanDisk (SNDK) Stock Rises Ahead of Earnings After SK Hynix Posts Record Quarter

TLDR SanDisk (SNDK) stock rose about 5% in pre-market trading Wednesday after SK Hynix reported record results. SNDK closed Tuesday at $1,304.84, up 4%, and sits about 46% below its June record close of $2,335. SanDisk reports fiscal Q1 2027 results Thursday after the close. Analysts expect EPS near $46 and revenue near $10.6 billion. SK Hynix said NAND prices rose in the mid-20% range quarter over quarter and that supply shortages could last through 2030. Data center revenue hit $2.98 billion last quarter, and the stock trades near 6 times forward earnings. SanDisk (SNDK) stock rose about 5% in pre-market trading on Wednesday. The move followed a record quarterly report from South Korean rival SK Hynix. Sandisk Corporation, SNDK SNDK closed Tuesday at $1,304.84, up $49.26, or 4%.

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