Historical replay · SNDKB/USD
Sandisk's Record Quarter, Then a 16% Slide (October 2026)
Tokenised Sandisk fell from $1,332 to $1,116.67 between Thursday's US close and Friday afternoon on October 29–30, 2026, after revenue beat forecasts, guidance rose and an 8-for-1 split was announced. Replay a beat that the memory sell-off swallowed.
Sandisk went into its results as one of the year's most successful stocks, and the token that tracks it, SNDKB, traded like it on Thursday, October 29: between $1,323.88 and $1,385.53 during the US session, ending the 19:00 UTC hour, the last before the close, at $1,332.01. That was already about 3% below the morning's level, as memory and chip stocks softened before the evening's reports.
The numbers, published after the close, were hard to fault. Revenue for the quarter was $11.0 billion, up 378% from a year earlier and above the $10.7 billion expected; adjusted earnings were $49.51 a share; the gross margin reached 85%, against 30% a year before; and data-centre revenue rose 61% from the previous quarter to $4.8 billion, according to TIKR. Guidance for the next quarter, revenue of $12.2 billion to $12.6 billion and earnings of $55 to $57 a share, was higher again, and the board announced an 8-for-1 stock split. The weak spot was consumer revenue, down 29% on the quarter, and the chief financial officer asked analysts to stay conservative about the quarter after next, historically the company's weakest.
The 20:00 UTC hour shows the market unable to decide. It swung from a high of $1,383.65, 3.9% above Thursday's close, to a low of $1,269.40, 4.7% below it, on $16.3 million and 72,432 trades, by far the busiest hour of the replay, and closed at $1,307.77. The same hour brought Intel's forecast of a shrinking PC market, which hit every company selling memory into PCs. The token drifted to $1,260.85 overnight, recovered to $1,320.39 in the Asian morning, and then lost 3.60% in the 09:00 UTC hour as European trading began.
The US session settled the argument against Sandisk. The opening hour swung between $1,195.29 and $1,240 on $7.5 million, the 15:00 hour fell 2.32% and the 17:00 hour 2.70%, and the 18:00 hour reached $1,116.67, 16.2% below Thursday's close, while Intel fell more than 28% and Micron and Western Digital slid with the group. A 2.07% bounce in the last hour of the session lifted the token to $1,151.72, and it ended the replay at $1,158.78, 13% down. At that price the stock traded at a single-digit multiple of forecast earnings, which is the paradox the replay captures: the market was not doubting Sandisk's quarter, it was pricing the possibility that memory prices, the source of an 85% margin, have peaked.