🔴 Sandisk is trading 10.2% down today as guidance misses top-tier estimates amid broader semiconductor pressure

Sandisk is trading 10.2% down at $1,213.00 after its fiscal Q4 earnings guidance failed to meet the highest market expectations.

• The company reported fiscal Q4 revenue of $8.97 billion and non-GAAP EPS of $39.25, but the forward-looking outlook weighed on investor sentiment.
• Shares are also facing headwinds from broader semiconductor sector weakness and softer Nasdaq futures linked to AI-related concerns.