NEW YORK, March 7, 2026, 14:59 EST.
- Sandisk finished Friday at $527.33, falling 6.8% for the session and shedding roughly 17% over the week.
- Management will appear at Cantor’s Global Technology & Industrial Growth Conference on Wednesday, March 11. That’s also when the U.S. is set to report February consumer price index data.
- Shares of Micron, Western Digital, and Seagate declined on Friday, a clear sign the selloff was hitting memory and storage stocks as well.
Sandisk Corporation (NASDAQ: SNDK) slid 6.8% Friday to $527.33, hit by the broad market selloff and now down about 17% over the last five sessions. Next up: Sandisk execs are set to appear at Cantor’s Global Technology & Industrial Growth Conference on Wednesday, as the U.S. prepares to release February consumer-price numbers that morning.
Sandisk’s January forecast grabbed attention, dropping right in the midst of a sweeping memory chip shortage investors see dragging into 2027. For the fiscal third quarter, the company put revenue at $4.4 billion to $4.8 billion, and projected adjusted earnings in a $12 to $14 per share band—well ahead of what analysts were expecting. Second-quarter datacenter revenue? Up 64% over the prior quarter.
NAND flash—vital for solid-state drives and memory cards—is now facing fresh pressure as data centers race to scale up for AI. Back in January, Chief Executive David Goeckeler told Reuters that major AI customers focused on inference, the stage where models generate answers, were prioritizing secure supply rather than squeezing prices. “Customers prefer supply over price,” he said. Reuters
Friday’s drop didn’t stop at Sandisk. Wall Street capped its roughest week since October, hammered by a surge in oil and a surprise 92,000 drop in U.S. payrolls for February. Shares across the memory space took the hit: Micron tumbled 6.7%, Western Digital slid 5.3%, and Seagate dropped 4.0%. It was a broad rout.
March 11 shapes up with a pair of events. The February CPI lands at 8:30 a.m. ET, and later, Sandisk steps up for its Cantor presentation at 2:50 p.m. ET. Investors are watching for new color on enterprise SSD adoption, pricing trends, and supply lines, especially since Sandisk and Kioxia pushed their supply pact out to 2034 back in January.
The share overhang hasn’t gone away. On Feb. 18, Reuters said Western Digital offloaded part of its Sandisk stake in a $3.17 billion secondary deal, but the former parent is still sitting on roughly 1.7 million Sandisk shares—stock it could sell off down the road as it looks to pare debt.
The setup isn’t straightforward, judging by analyst notes. Morgan Stanley, following Sandisk’s January results, pointed out that “Earnings are above the long-term trend” and may hold up “for as long as the AI trajectory remains this robust.” Morningstar’s William Kerwin, though, flagged “the biggest question mark is how long this investment lasts” in his March 6 note, while acknowledging supply constraints should keep things favorable “the next two years at least.” Reuters
Goeckeler is sticking to his upbeat stance. In Sandisk’s January earnings update, he pointed to the quarter’s “agility” and maintained that a “structural reset” in supply would underpin “disciplined growth” and “industry-leading financial performance.” Sandisk
But sentiment shifts quickly in this market. Reuters pointed out back in January that memory is a notoriously cyclical business, and this week Kerwin flagged fresh risks: too much supply or a demand pullback could squeeze both profits and the stock. If oil-driven inflation shows up in a stronger CPI print, that’s one more headache for a name already down 17% over just five sessions.
Here’s the lineup: CPI lands ahead of the bell March 11, Sandisk’s execs step up later, and traders will be hunting for signs that January’s flash demand surge hasn’t already started to cool. Investors want to see if the previous outlook is still in play.
