SanDisk Drops 8.2% Pre-Market Despite Record Year, Soft Guidance

SanDisk posted fiscal 2026 revenue of $20.25 billion, up 175% year-over-year, with GAAP net income of $11.43 billion, per its August 5 release. Shares fell 8.2% pre-market after Q1 guidance of $10.3–$10.8 billion missed Wall Street's elevated models. The selloff reflects that expectation gap — not a shrinking business.