SanDisk’s stock falls sharply despite 372% YoY revenue growth, as Q3 guidance trails analyst estimates by up to $900 million.
SanDisk’s stock has dropped nearly 49% from its 52-week high, erasing recent gains despite strong demand for memory and storage products. The decline follows a revenue miss in its latest quarterly guidance, with projected Q3 revenue of $10.3 billion to $10.8 billion, below analysts’ $11.2 billion estimate.
The company reported $9 billion in revenue for the quarter ended July 3, up 372% year over year. While growth remains robust, the guidance shortfall raised concerns about a potential industry slowdown, contributing to the stock’s month-long decline.
Despite the pullback, SanDisk’s year-to-date gains exceed 400%, reflecting its status as one of 2026’s top-performing growth stocks. The stock’s valuation and long-term demand outlook remain key focus areas for investors.