Sandisk beats, shares slip
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 1 May 2026
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to have you here on this final day of the trading week and the first day of the trading month. |
| 0:13.4 | Today is Friday the 1st of May. I'm Julie Morgan. |
| 0:18.4 | Sandisk released its third quarter fiscal 2026 financial results post-market on Thursday, |
| 0:24.5 | which shattered estimates. For the quarter ended March 31st, it reported adjusted earnings per share |
| 0:31.6 | of $23.41 versus the consensus estimates of 1466. Revenue for the third quarter increased 252% year-over |
| 0:42.4 | year to 5.95 billion, which was much more than the $4.73 billion estimate. Looking ahead, |
| 0:50.5 | the company expects fourth quarter revenue to range from 7.75 to 8.25 billion and adjusted |
| 0:57.6 | EPS to range from $30 to $33. The consensus estimate expected revenue of $6.65 billion in EPS of 2338. |
| 1:08.6 | SNDK is down 6% in pre-market action and is up more than 3,300% year-to-date. |
| 1:17.1 | Apple is up 3% in pre-market action after reporting quarterly results that were above Wall Street's |
| 1:23.8 | forecast. Apple said it earned and adjusted $2.1 per share as revenue rose 17% year |
| 1:31.0 | over year to come in at $11.18 billion. Revenue related to the iPhone came in at $56.99 billion, |
| 1:39.8 | which was slightly above the $56.98 billion estimate. |
| 1:44.8 | Overall product's revenue was $80.21 billion, slightly above the $79.26 billion estimate. |
| 1:53.0 | Analysts had expected the company to earn an adjusted $1.96 per share on $109.66 billion in revenue. Seeking Alpha analyst YR Research said that Apple |
| 2:05.2 | showed sustained elevated growth levels as expected. They go on to say that however next quarter will be |
| 2:11.9 | the real test as it comes to tougher comparisons with the impact of the newly released MacBook Neo considered critical. |
| 2:19.3 | In addition to the quarterly results, Apple upped its quarterly dividend 4% to 27 cents per share. |
| 2:27.3 | The next payment will be made on May 14th to shareholders of record as of the close of May 11th. |
| 2:33.2 | The Board of Dire directors also authorized an |
| 2:35.5 | additional program to repurchase up to $100 billion in common stock. Blue Owl Capital has sold |
... |
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