🔴 SNDK down 4.3% despite record-beating Q2 earnings, dragged by market sell-off

SNDK is trading down 4.3% in pre-market, caught in a wider market downturn despite the company reporting record-beating Q2 FY2026 earnings today.

• Record Earnings: The company announced strong Q2 results, beating estimates, and provided strong forward guidance, citing demand from AI data centers.
• New Product: Sandisk also launched new 256TB enterprise SSDs specifically designed for AI workloads.
• Market Pressure: The drop comes amid a broad market sell-off, with major indices falling due to escalating geopolitical tensions with Iran.