Sandisk rebounds before the open as memory stocks recover part of Thursday’s losses
What is behind the stock move?
Sandisk rebounded alongside Micron and other storage stocks after Thursday’s selloff. Sandisk’s October 29 results provide business context for the rebound. The company projected higher sales for the December quarter as data-center demand drove growth in the latest results.
Latest company research
Sandisk rose about 12% before the open on November 6, 2026, as memory stocks recovered part of Thursday’s losses.
- The rebound followed a 22% drop at Thursday’s close. Watch whether buyers hold the gains once regular trading begins.
- Sandisk’s October 29 results showed $11.03 billion in sales for the fiscal first quarter, up 23% from the preceding quarter.
- Data-center sales rose to $4.8 billion from $2.98 billion in the previous quarter as flash demand grew.
- Sandisk projected $12.2 billion to $12.6 billion in fiscal second-quarter sales. That outlook gives investors a benchmark for the next report.
- An eight-for-one split is scheduled to begin trading on an adjusted basis on November 20. It will lower the price per share while leaving each holder’s ownership percentage the same.
- Flash storage prices can weaken when supply catches up with demand. A slowdown in data-center orders could also weigh on sales and margins.
Watch whether the rebound holds through the regular close and whether Sandisk can sustain data-center growth into its next quarter.
Financials and technicals
Charts through Nov 5, 2026. The session move above may reflect later news.
Technical setup and risks
A recovery above the prior session’s high would retrace more of Thursday’s selloff. A break below the prior session’s low would erase the rebound.
AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.
