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Sandisk, Western Digital Stocks Slump -- WSJ

Sandisk, Western Digital Stocks Slump -- WSJ

Dow JonesDow Jones2026/08/06 14:26

By Caitlin McCabe

AI darlings Western Digital and Sandisk reported blockbuster results yesterday that showed that demand for data storage is alive and well.

So why are earnings down in early trading?

-- Sandisk's first-quarter guidance came in ever so slightly below analyst expectations. The company guided for adjusted earnings of $44 to $46 a share and revenue of $10.3 billion to $10.8 billion. Analysts see first-quarter adjusted earnings of $44.72 a share and revenue of $10.82 billion.

-- Western Digital's guidance for the current quarter, meanwhile, came in right around what analysts were expecting. It projected adjusted earnings of between $3.85 and $4.15 a share on revenue between $4 billion and $4.2 billion. Analysts are expecting adjusted earnings of $3.84 a share on $4.06 billion in revenue.

The stock moves underscore how lofty investors' expectations have become-and how strong results alone aren't enough.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

August 06, 2026 10:26 ET (14:26 GMT)

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