Wedbush raised its fourth-quarter fiscal 2026 estimates for SanDisk. The firm cites higher NAND flash memory pricing as the primary driver for the upgrade.
Wedbush now projects revenue of $8.89 billion for the quarter. This figure exceeds the consensus estimate of $8.31 billion.
The firm expects adjusted earnings per share of $37.64. This forecast sits well above the $33.88 consensus and SanDisk's own guidance.
Industry conversations suggest memory pricing has increased by high double-digits. This indicates the company likely underestimated pricing gains in its initial forecast.
SanDisk shares rose in pre-market trading following the news. The stock is rebounding alongside the broader memory sector after a recent period of profit-taking.
The company is scheduled to release its full earnings report on August 14.