5h agoCNBCNEUTRAL 50General
Stocks making the biggest moves midday: Intel, Lumentum, Sandisk, Twilio, Coinbase & more
Here are some of the companies making headlines in midday trading.
Archived explainer. For the current picture see today's SNDK page.
Why Is SANDISK CORP (SNDK) Stock Down Today?
By the Top Tier Newswire AI Desk · October 30, 2026 at 1:20 PM ET · reviewed against 72 wire stories
SANDISK CORP (SNDK) is down -14.03% in the latest session. Our newswire has captured 72 stories on SNDK across 23 sources in the last 36 hours, with AI sentiment reading mixed (avg 54/100).
Public view, delayed 4h. Every headline, price and sentiment read below — and this write-up itself — reaches Pro subscribers live. Public readers see it once it clears the delay.
Sandisk Corp (SNDK) shares fell 14.03% to close at $1,143.42. The decline followed a strong fiscal first quarter report that was overshadowed by modest second-quarter revenue guidance and management caution regarding seasonality in the March quarter.
What Happened
The company reported fiscal Q1 2027 revenue of $11.03 billion and adjusted earnings per share of $49.51, figures that far surpassed analyst expectations. Despite these results, the stock tumbled as investors focused on the limited upside in Q2 revenue guidance and management’s warnings about seasonal trends. Data center sales drove the bulk of the growth, surging 61% to $4.8 billion and accounting for 88% of the quarter-over-quarter revenue increase.
External factors also weighed on the stock. Kioxia, a major Japanese NAND flash memory maker and Sandisk’s longtime manufacturing joint-venture partner, issued a warning regarding a NAND price surge. Additionally, the broader chip sector experienced a significant sell-off, with Intel stock plummeting after issuing underwhelming earnings guidance. RBC Capital maintained a Sector Perform rating on Sandisk but lowered its price target to $1,400.
What The Data Shows
The stock opened at $1,218.97, an 8.4% gap down from the prior close of $1,330.05. The session high was $1,239.00 at 9:35 AM ET, while the low reached $1,140.88 at 1:20 PM ET. Volume stood at 6.2 million shares, which is 0.5 times the three-month daily average.
Fundamentals show a market cap of $205.7 billion and a P/E ratio of 18.0. Revenue has grown 175.3% over the trailing twelve months, with a net margin of 56.5%. The 52-week range is $181.51 to $2,354.39. Over the last eight sessions, the stock moved down 14.9% from $1,482.33 to $1,260.93. On October 30, 2026, the stock printed four fresh 52-week highs and 37 fresh 52-week lows.
Unusual options activity included four notable prints, with call premium at $1.3 million versus put premium at $7.5 million. The biggest single print was $4.1 million. Recent insider filings show nine sells totaling $104,000 in the last 90 days, including sales by CEO David Goeckeler and CFO Luis Felipe Visoso.
What To Watch
Investors will monitor how the stock reacts to the broader memory trade volatility and any further updates on NAND pricing from partners like Kioxia.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
SNDK by the numbers
Last: $1143.42Session: -14.03%7 sessions: -14.94%Coverage: 72 stories / 23 sourcesAI sentiment: 54/100 (mixed)Mkt cap: $205.7BP/E: 18.052w: $181.51 to $2354.39
The headlines behind the move
6h agoYahoo FinanceBEARISH 42Earnings
Intel, Amazon, Nvidia, ExxonMobil, Sandisk, FedEx Freight, and More Stocks That Explain Today’s Market
Intel stock plummets after the chip maker issues underwhelming earnings guidance.
6h agoSeeking AlphaBULLISH 74Earnings
Sandisk: It Is Never Good Enough
Sandisk delivered a blowout fiscal Q1 2027, with $11.03B revenue and $49.51 adjusted EPS, far surpassing expectations. Read more on SNDK stock here.
6h agoTipRanksBULLISH 58Analyst
‘Don’t Blink,’ Says Top Investor About Micron Stock
The memory trade has had a bruising week, and Micron (NASDAQ:MU) is taking more of the hits. The stock is down 5% in Friday’s session, even though peer Sandisk post...
6h agoInvesting.com MarketsBEARISH 34General
SanDisk stock tumbles as Kioxia warns on NAND price surge
SanDisk stock tumbles as Kioxia warns on NAND price surge
7h agoGuruFocusBULLISH 58Earnings
Sandisk (SNDK) Exceeds Q1 Expectations but Faces Challenges Ahead
7h agoBriefing.comBEARISH 34Earnings
Sandisk plunges as modest Q2 revenue upside and Q3 caution cloud strong results (SNDK)
Sandisk (SNDK) is plunging lower despite exceeding Q1 expectations, as modest Q2 revenue-guidance upside and management’s caution about March-quarter seasonality appear to overshadow exceptional Datacenter growth. Strong contractual visibility and cash generation support the longer-term outlook, but consumer weakness and expectations for only modest further pricing increases complicate the near-term growth picture. Adjusted EPS of $49.51 exceeded the $46.67 FactSet Consensus, while revenue…
7h agoThe Motley FoolBEARISH 34General
Why Sandisk Stock Plunged Today
Investors got all they wanted and more. It still wasn't enough.
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More on SNDK: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier SNDK move explainers: 2026-10-30 · 2026-10-19 · 2026-10-12 · 2026-09-22 · 2026-09-21 · 2026-09-18 · 2026-09-08 · 2026-09-04 · 2026-08-31 · 2026-08-25 · 2026-08-24 · 2026-08-18 · 2026-08-17