The Marked Chart Wire · Series of events
Series of events · SanDisk
SanDisk posts record profit, shares slide to April lows
SanDisk beat earnings estimates on AI demand but its stock hit its lowest level since April.
Updated
The flow in 3 points
- Q1 revenue of $11.03 billion beat the $10.64 billion estimate
- Adjusted EPS reached $49.51 on AI storage demand
- Shares slid to their lowest point since April 9
What happened, in order
Times are Eastern-
Where it began
Revenue beats estimates
SanDisk reported first-quarter revenue of $11.03 billion, exceeding the $10.64 billion consensus estimate.
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Record profit and guidance
The company posted adjusted EPS of $49.51 and guided for second-quarter revenue between $12.2 billion and $12.6 billion.
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Latest
Shares hit April lows
SanDisk shares hit their lowest point since April 9, despite a positive outlook from Wall Street experts.
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How they connect
SanDisk first reported strong first-quarter results that beat expectations. Subsequently, the stock price fell to its lowest level since April.
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