Why Sandisk Corporation (SNDK) stock fell 13.5% on Friday, October 30, 2026
Sandisk Corporation (SNDK) closed at $1,150.89, down 13.47% on Friday, October 30, 2026, on volume of 17,233,428 shares (1.6× its 3-month average); market value about $166.30B.
What happened: primary sources
Events Nexqual found for SNDK on Friday, October 30, 2026 or the trading day before (October 29, 2026):
- Oct 29, 2026: Reported Q1 2027 results: adjusted EPS $49.51 vs consensus $46.41 (beat), revenue $11.03B vs consensus $10.70B (beat). Guidance: Expect second quarter 2027 revenue to be in the range of $12.2 billion to $12.6 billion. source
- Oct 29, 2026: SEC 8-K: Other material event source
Quoted from the filing: “On October 29, 2026, Sandisk Corporation (the "Company") announced that its Board of Directors approved an eight-for-one forward stock split (the "Stock Split") of its common stock, par value $0.01 per share ("Common Stock"). The Stock Split will be effected through an amendment (the "Charter Amendment") to the Company's Amended and Restated Certificate of Incorporation. The Charter Amendment, when effected, will proportionately increase the number of authorized shares of the Company's Common Stock from 450…” - Oct 30, 2026: Rosenblatt: Maintained, Buy, price target $2400
- Oct 30, 2026: Wells Fargo: Target lowered, Equal-Weight, price target $1550 → $1300
- Oct 30, 2026: RBC Capital: Target lowered, Sector Perform, price target $1600 → $1400
- Oct 30, 2026: Susquehanna: Target lowered, Positive, price target $2745 → $2720
- Oct 30, 2026: Evercore ISI Group: Target lowered, Outperform, price target $2800 → $2500
These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.
More on SNDK
SNDK stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Earnings report: SNDK results, October 29, 2026. Other big moves that day: October 30, 2026.
Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 4, 2026 at 11:39 UTC. Not investment advice.
Data source: Nexqual. Last updated: November 4, 2026 at 11:39 UTC. This page is informational and not investment advice.
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