Sandisk slides after softer Q1 forecast despite Q4 beat
Sandisk’s stock fell after-hours as its Q1 revenue forecast of $10.3–$10.8 billion came up short of expectations (~$11.16 billion), even though fiscal Q4 revenue was $8.79 billion and adjusted EPS beat forecasts. The company also raised its buyback authorization by $14 billion, citing AI-memory demand as a growth driver from its 2025 spin-off from Western Digital. Tellingly, investors are weighing a softer near-term outlook against strong quarterly results and strategic AI memory initiatives.