Western Digital and Sandisk Both Topped Wall Street’s Estimates. The Stocks Are Tumbling Anyway
Western Digital and Sandisk Both Topped Wall Street’s Estimates. The Stocks Are Tumbling Anyway
Aaron McDadeThu, August 6, 2026 at 1:57 PM UTC
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Despite their recent slide, Sandisk and Western Digital remain among the best-performing stocks in the S&P 500 for 2026.Credit: CFOTO / Future Publishing via Getty ImagesKey Takeaways -
Sandisk and Western Digital shares fell sharply Thursday, despite quarterly sales and profits that topped Wall Street estimates.
Both stocks remain among the S&P 500’s top performers for the year.
Two of the year’s hottest stocks are taking a hit today.
Shares of Sandisk (SNDK) and Western Digital (WDC) were down 7% and 14%, respectively, in recent trading despite quarterly sales and profits that topped Wall Street estimates. Investors may have wanted more, particularly from Sandisk’s outlook, after the strong start to the year for memory and data storage firms.
Sandisk said it now expects first-quarter revenue of $10.3 billion to $10.8 billion with adjusted earnings per share of $44 to $46, with the midpoints of each range falling short of the adjusted EPS of $45.34 on $11.15 billion in revenue that analysts called for. Western Digital’s forecast of $3.85 to $4.15 in EPS on $4 billion to $4.2 billion in revenue came in ahead of analysts’ projections.
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Sandisk reported $8.97 billion in revenue for its fiscal fourth quarter, along with adjusted earnings of $39.25, each handily topping the analyst consensus. Western Digital’s $3.75 billion in sales and adjusted EPS of $3.56 also beat estimates, but by a narrower margin.
Analysts have been bullish on Sandisk and Western Digital’s prospects this year, as the memory and data storage industries have seen demand soar with big tech companies spending billions of dollars on AI hardware. That demand has created shortages, allowing Sandisk and others to raise prices to record highs, boosting sales and profits.
Even with their recent slide, both stocks remain some of the S&P 500’s biggest gainers for the year. Shares of Western Digital have more than doubled in value year-to-date, while Sandisk surged over 400%.
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Source: “AOL Money”
