SanDisk (SNDK.US) delivered strong results for Q4 of fiscal year 2026, with both revenue and profits exceeding market consensus. Revenue soared 372% year-on-year and increased 51% quarter-on-quarter. Options expiring the week of August 7 show the $1370 strike price having the highest open interest in both call and put options, suggesting that intense options trading following the earnings release may at least partially account for the stock’s weak performance. A disappointing revenue outlook fo

SanDisk (SNDK.US) delivered strong results for fiscal Q4 2026, with both revenue and profit surpassing market consensus. Revenue soared by 372% year-on-year and grew 51% quarter-on-quarter. Options expiring the week of August 7 show the highest open interest at the $1,370 strike price for both calls and puts, suggesting that intense options trading after the earnings release may be at least a partial reason for the stock's weak performance. The lower-than-expected revenue forecast for the next quarter ($10.3 billion–$10.8 billion) may also be one of the reasons for the stock's post-market decline. SanDisk management stated, "Revenue exceeded expectations thanks to our shift towards higher-value customers (data center business grew 437%) and higher pricing." SanDisk US shares fell as much as 8% after hours.