SanDisk Falls 13% Post-Earnings as Consumer Weakness and Supply Constraints Weigh on Optimism
SanDisk shares dropped 13% to close at $1,150.89 on October 30, 2026, following the release of its fiscal first-quarter earnings. Although the company reported strong datacenter demand and beat estimates, investors focused on consumer revenue declines, limited ability to reallocate wafer supply, and competitive pressures. Management highlighted AI-driven NAND demand and improved revenue visibility through customer agreements, but market concerns over valuation and supply constraints led to a sharp sell-off.