Sandisk Stocks Fall 7.2% as Chip Selloff Hits Days Before 8-for-1 Split Khac Phu Nguyen Fri, November 13, 2026 at 12:34 PM EST 1 min read SNDK -7.86% NVDA -3.14% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Sandisk (NASDAQ:SNDK) shares fell 7.2% to $869.98 as of 10:05 a.m. ET in Friday's regular session on November 13, extending the previous session's losses as chip shares sold off after Nvidia's leadership change. Split-adjusted trading from its 8-for-1 split begins on November 20.
Warning! GuruFocus has detected 3 Warning Signs with SNDK.
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The business is booming. Fiscal first-quarter revenue rose 378% to $11.03 billion, and GAAP gross margin hit 85.0%. Data center revenue climbed 61% from the prior quarter to $4.80 billion. Sandisk guided second-quarter revenue to $12.2 billion to $12.6 billion, with non-GAAP gross margin of 84.5% to 85.5% and non-GAAP EPS of $55 to $57 before the split. Split shares will be distributed after the close on November 19.
The guide midpoint implies 12.4% sequential growth. A split changes nothing about value but often widens retail ownership, which can amplify swings both ways. The GuruFocus chart shows a GF Score of 47/100, an unusual mix of a top-rated balance sheet and a weak profitability reading. That gap likely reflects a short record as an independent company rather than current margins. The score is a reminder that a few blowout quarters do not yet make a durable track record. The next test is whether second-quarter revenue lands inside the guided range as data center demand meets Nvidia uncertainty.
