SanDisk (SNDK.O) reported strong fiscal 2026 Q4 results, with revenue and
earnings beating consensus; revenue rose 372% YoY and 51% QoQ. Management said
the upside reflected a mix shift to higher‑value customers (data‑center revenue
+437%) and price increases. Guidance for the next quarter of $10.3–10.8bn in
revenue fell short of Street estimates. Options expiring the week of Aug. 7
showed the $1,370 strike with the largest open interest in both calls and puts;
intense post‑earnings options activity may have at least partly driven the
stock’s weakness. Shares fell as much as 8% in after‑hours trading.
