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Near-term downside follows broad tech weakness and a 10% intraday drop; equity remains sensitive to macro sentiment even as fundamentals remain favorable.
What happened, with direct paths to the underlying reporting
Sandisk delivered strong Q1 results with revenue of $11.03B (up 378% YoY) and adjusted EPS of $49.51, led by a surge in data-center demand to $4.80B (+1,682% YoY). New Business Model contracts now cover about half of 2027 bit production and two-thirds of 2028 production, totaling $93.9B in minimum commitments, signaling durable revenue visibility as AI expands NAND storage needs. Still, shares traded lower amid broader tech risk-off, suggesting a near-term price reaction detached from fundamentals.
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