New York, Feb 15, 2026, 10:03 EST — Market has closed.
- Sandisk closed out Friday at $626.56, down 0.5%, following a volatile session that saw sharp moves earlier in the day.
- U.S. markets take a break Monday for Presidents Day, with trading set to pick up again on Tuesday.
- Investors are parsing whether the AI-fueled run in storage stocks has legs, following Sandisk’s hefty profit forecast.
Sandisk Corporation closed out Friday at $626.56, down 0.5%. Shares see-sawed nearly 12%—from as low as $587.10 up to $661.15—through a session that brought few answers before the holiday break.
This matters right now, since Monday brings no new price action. When U.S. traders return on Tuesday, they’ll be facing a stock that’s been trading in chunky blocks—and lately, those swings have started to pull peers along for the ride.
Another test for risk appetite is on deck this week. Sandisk, now among the most reactive stocks tied to AI infrastructure spending, sees traders quick to pull back when the tape sours.
Shares of Western Digital dropped 0.9% by Friday’s close, with Seagate off 1.2% and Micron slipping 0.6% as investors dialed back risk ahead of the long weekend. The S&P 500 managed a small gain, but the Nasdaq slipped. “On wobbly legs” before Presidents Day, that’s how Michael James, managing director at Rosenblatt Securities, summed up the market mood. (Reuters)
Everything at Sandisk hinges on NAND—both its promise and its peril. This flash memory tech powers SSDs and a raft of other storage devices shipped out to cloud, client, and consumer buyers. (Reuters)
Sandisk’s last major update landed late last month: the company reported fiscal Q2 revenue at $3.03 billion, with non-GAAP earnings hitting $6.20 per share. For the third quarter, Sandisk told investors to expect revenue between $4.40 billion and $4.80 billion and non-GAAP earnings ranging from $12 to $14 per share. CEO David Goeckeler called it “our structural reset to align supply with attractive, sustained demand,” adding that the company is positioned to drive disciplined growth. (Sandisk)
Non-GAAP numbers cut out certain items that, according to companies, might obscure the real trend. Investors looking at Sandisk have relied on these adjusted figures to get a quicker sense of pricing leverage and the company’s enterprise solid-state drive mix.
When markets open, traders will have their eyes on whether the stock keeps swinging or finds some stability. If it heads anywhere near Friday’s highs, that points to buyers still chasing scarce shares. But if it slips under the session’s low, that could mark profit-taking carrying over into this week.
Still, this setup isn’t without risk. Memory markets move in cycles: prices surge when supply falls short, but they can tumble just as quickly once fresh capacity arrives and demand softens. The stock’s latest moves? Not forgiving to missteps. (Reuters)
Tuesday brings the next catalyst as markets reopen after Presidents Day. Investors will be eyeing Sandisk’s early moves, looking to see if the stock calms down or sparks another bout of volatility for storage names.
