NEW YORK, December 31, 2025, 13:52 ET — Regular session
- Sandisk shares were down about 1.1% in midday trade, lagging a softer U.S. market.
- The company said it will report fiscal second-quarter results on Jan. 29, 2026.
- Traders are watching year-end positioning and what management says about flash-demand tied to AI data centers.
Sandisk Corp shares were down 1.1% at $237.64 on Wednesday, after the flash-memory maker set Jan. 29 for its fiscal second-quarter results as year-end trading stayed thin. The stock has ranged from $235.54 to $241.69, while peers Western Digital, Micron Technology and Seagate Technology also traded lower and the broader market drifted modestly down.
The timing matters because Sandisk has been one of 2025’s biggest winners, rising nearly 600% since returning to the market after being spun off from Western Digital earlier this year and joining the S&P 500 in November. That run has left the stock sensitive to any shift in expectations into 2026.
With valuation tied to the strength of the memory cycle, investors are using the next earnings report as a near-term checkpoint on demand and pricing for flash storage used in data centers running AI workloads.
Sandisk said it will hold its fiscal second-quarter earnings conference call on Thursday, Jan. 29, 2026, at 1:30 p.m. Pacific time (4:30 p.m. ET), with a live webcast and replay available on its investor site.
Broader markets stayed subdued in the final session of 2025, with technology shares weighing on the major indexes. “I do not expect that the last few days will have so much bearing on the performance of the next year,” said Giuseppe Sette, co-founder and president of Reflexivity, pointing to profit-taking when liquidity is low; U.S. markets are closed Thursday for New Year’s Day. Reuters
Sandisk’s move tracked a softer tape for storage and memory names that have been closely linked to the AI infrastructure trade — the buildout of data centers that need more computing and more storage, driving demand for chips and drives across the supply chain.
Sandisk sells NAND flash memory — a type of storage chip used in solid-state drives, which store data without spinning disks — and other flash-based products. For investors, the key question is whether pricing power and product mix can hold as customers digest inventory and plan 2026 spending.
What traders will watch in the Jan. 29 report is the company’s outlook on flash pricing, demand from enterprise customers, and margins — especially any commentary on supply discipline across the industry and order visibility from large data-center buyers.
In the near term, the stock’s Wednesday low near $235.54 is an immediate level traders have on the screen, after the shares opened higher and faded through midday.
If year-end positioning continues to drive outsized moves in lightly staffed markets, Sandisk’s next earnings update is likely to be the first major company-specific catalyst for the stock in early 2026.
