Sandisk Stock Drops 7.83% After Report Suggests Subseasonal Demand and Pricing in H2

Sandisk Corporation (SNDK) shares fell 7.83% to $42.48 as investors were dampened by a report suggesting subseasonal demand and pricing for computer memory in H2 2025. The company reported a net loss of $1.9 billion in Q3 2025, a significant decline from a $27 million net income in the same period last year. Revenues dipped 1% to $1.695 billion. For Q4, Sandisk expects revenues between $1.75 billion and $1.85 billion and a gross margin of 25.3-26.7%.

Sandisk Corporation (SNDK) shares tumbled 7.83% to $42.48 on Monday, July 2, 2025, as investors reacted to a report suggesting subseasonal demand and pricing for computer memory in the second half of 2025 [1]. The company reported a net loss of $1.9 billion in Q3 2025, a significant decline from a $27 million net income in the same period last year. Revenues dipped 1% to $1.695 billion.

The report from Edgewater Research indicated that demand and pricing for computer memory in the first half of 2025 were "better" than last year but are expected to be "subseasonal" or worse than the company's historical average for the second half of the year, with a "bias lower" [1]. This report, along with the company's recent financial performance, has raised concerns among investors.

For Q4 2025, Sandisk expects revenues between $1.75 billion and $1.85 billion and a gross margin of 25.3-26.7% [2]. The company's investment, supply management, and pricing strategies remain focused on maximizing returns. During Q3 2025, Sandisk's innovation was reinforced with a strong early ramp of its latest technology, BiCS 8, which offers industry-leading performance, power efficiency, and density [2].

Despite the recent setbacks, Sandisk continues to be a leading player in the broader technology space, innovating in digital storage technologies. The company's spin-off from Western Digital can unlock shareholder value, while its updated technology roadmap can help facilitate enterprise solid-state drive (eSSD) market share gains [2].

References:
[1] https://finance.yahoo.com/news/why-micron-stock-dropped-monday-163028080.html
[2] https://sg.finance.yahoo.com/news/jefferies-begins-coverage-sandisk-sndk-032612297.html