BUZZ-Sandisk, Western Digital forecast revenue above estimates; shares fall

Reuters
2026.04.30 22:30

Shares of AI storage companies Sandisk (SNDK.O) and Western Digital (WDC.O) fall between 7% and 8% in extended trading

WDC expects revenue of $3.65 billion for the fourth quarter, plus or minus $100 million, vs estimate of $3.46 billion, according to data compiled by LSEG

SNDK expects revenue of between $7.75 billion and $8.25 billion for the fourth quarter, compared with analysts’ average estimate of $6.49 billion

Shares of WDC have risen over 150% and those of SNDK have jumped 361% YTD