Sandisk, AppLovin, and Dutch Bros are being highlighted as long-term buying opportunities after their shares fell sharply following earnings reports. Sandisk's fiscal fourth-quarter revenue surged 372% year over year to $9 billion and adjusted EPS jumped to $39.25 from $0.29, but its stock dropped nearly 12% after fiscal Q1 guidance of $10.3 billion to $10.8 billion came in just below the $10.62 billion consensus; the company said it chose to lock in longer-term five-year deals with revenue floor pricing of $93.9 billion and $16.5 billion in financial guarantees, and it trades at a forward P/E of 5.7 based on fiscal 2027 estimates. AppLovin's revenue rose 53% to $1.92 billion, missing the $1.94 billion consensus and sending shares down 20%, but the company said demand has started to reaccelerate and its forward P/E is 16 based on 2027 estimates. Dutch Bros shares sank nearly 17% after it forecast same-store sales growth would decelerate in the second half, even as Q2 revenue rose 32.5% to $550.9 million and EPS climbed 40% to $0.28, with the company planning to grow from 1,225 stores to over 2,000 by 2029 and a long-term target of 7,000 in the U.S.
