SNDK
LONGINSIDER SELLCONGRESS BUYSANDISK CORP
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeSanDisk delivered exceptional FY2026 results with 175% revenue growth to $20.2B, record Q4 earnings ($43.97 diluted EPS), and secured 10 long-term NBM agreements worth $93.9B in committed revenue with 4+ year visibility. However, Q1 FY2027 guidance of $10.3–$10.8B revenue fell materially short of analyst expectations (~$11.16B), and management cautioned on mid-teens PC/smartphone declines, raising peak-cycle concerns despite strong datacenter momentum.
Red flags
- •Q1 FY2027 revenue guidance midpoint ~$10.55B missed consensus expectations of ~$11.16B (~5.5% shortfall)
- •Gross margin guidance flat to slightly down (83–85% vs Q4's 84.6%), signaling peak-cycle risk and potential margin compression ahead
- •CEO commentary forecasting mid-teens declines in PC and smartphone unit shipments for calendar 2026, indicating macro headwinds in core end markets
- •Stock fell ~5.4% on earnings day with extended after-hours losses despite record results, reflecting market disappointment on forward guidance
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Situational Awareness LP | Leopold Aschenbrenner | 1.1M | +86K | $724M | 18.8% | +8% | Existing |
| Point72 | Steve Cohen | 377K | +377K | $239M | 0.4% | — | NEW |
| Appaloosa LP | David Tepper | 281K | +281K | $179M | 3.0% | — | NEW |
| Duquesne Family Office | Stanley Druckenmiller | 38K | +38K | $24M | 0.8% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where SNDK ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #2 of this fund's book
- 1BLOOM ENERGY CORP$879M
- 2SANDISK CORP$724M
- 3COREWEAVE INC$556M
- 4IREN LIMITED$401M
- 5CORE SCIENTIFIC INC NEW$389M
position #12 of this fund's book
- 9NVIDIA CORPORATION$257M
- 10NRG ENERGY INC$253M
- 11META PLATFORMS INC$250M
- 12SANDISK CORP$179M
- 13CORNING INC$154M
- 14WHIRLPOOL CORP$105M
- 15PDD HOLDINGS INC$92M
position #24 of this fund's book
- 21Restaurant Brands Intl Inc$34M
- 22Revolution Medicines Inc$31M
- 23Lattice Semiconductor Corp$30M
- 24Sandisk Corp$24M
- 25United Airls Hldgs Inc$24M
- 26Humana Inc$24M
- 27Wabtec$24M
position #35 of this fund's book
- 32PARKER-HANNIFIN CORP$244M
- 33YUM BRANDS INC$244M
- 34ASTRAZENECA PLC$243M
- 35SANDISK CORP$239M
- 36MORGAN STANLEY$238M
- 37ROSS STORES INC$238M
- 38BOSTON SCIENTIFIC CORP$231M
Values are quarter-end position sizes. Shown only for funds where SNDK ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Shek Bernard | Chief Legal Officer & Secty | SELL | 600 | $1162.16 | $0.70M | 2026-08-03 | ↗ |
| Shek Bernard | Chief Legal Officer & Secty | SELL | 600 | $2088.00 | $1.25M | 2026-07-01 | ↗ |
| Shek Bernard | Chief Legal Officer & Secty | SELL | 600 | $1736.00 | $1.04M | 2026-06-03 | ↗ |
| Ilkbahar Alper | EVP, Chief Technology Officer | SELL | 999 | $1755.31 | $1.75M | 2026-06-01 | ↗ |
| Ilkbahar Alper | EVP, Chief Technology Officer | SELL | 401 | $1757.00 | $0.70M | 2026-06-01 | ↗ |
| Ilkbahar Alper | EVP, Chief Technology Officer | SELL | 600 | $1758.40 | $1.06M | 2026-06-01 | ↗ |
| Pokorny Michael | VP, Chief Accounting Officer | SELL | 2K | $1426.18 | $3.49M | 2026-05-12 | ↗ |
| Sayiner Necip | — | SELL | 579 | $1503.11 | $0.87M | 2026-05-08 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| BlackRock, Inc. | SC 13G/A | 8.8M | 6.0% | 2026-01-21 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Alan Armstrong | senate | — | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.