Western Digital Sinks 16%, SanDisk Falls 11%, Micron Drops 6% as Memory Selloff Hits Storage Stocks

Earnings
โดย 24/7 Wall St.·US·Read original
Summary · why it matters

Storage and memory stocks sold off sharply early Thursday, with Western Digital shares sliding 16% to $437, SanDisk stock dropping 11% to $1,198, and Micron Technology falling 6% to $844. The declines came despite both Western Digital and SanDisk beating fiscal Q4 2026 estimates after Wednesday's close, as their outlooks failed to clear a sky-high bar set by year-to-date rallies that had SanDisk up 469% and Western Digital up 202%. SanDisk guided Q1 FY27 revenue to $10.3 billion to $10.8 billion, with the midpoint below the $10.8 billion consensus, even as CEO David Goeckeler said SanDisk now has over four years of demand visibility and signed five new long-term deals worth $94 billion in minimum revenue and $91 billion in remaining performance obligations. The selloff extended across the group, with Seagate Technology down 6% to $786 and the Roundhill Memory ETF declining 7% to $50, while analysts trimmed targets but remained constructive, with UBS lowering its Western Digital price target to $525 from $560 and Citi opening an upside 90-day view on SanDisk stock.

Impact on stocks 9

Semiconductors▼ · 4 stocks
Sandisk Corp
SNDK
▼ NegativeCapitalrelevance

SanDisk falls 11% despite beating estimates as Q1 guidance midpoint misses consensus, with analysts trimming targets.

Micron Technology Inc
MU
▼ NegativeDemandrelevance

Memory selloff hits Micron as sector-wide demand concerns weigh on stock despite no company-specific news.

Artificial Intelligence▲ · 3 stocks
Cloud & Digital Infrastructure▼ · 2 stocks
Western Digital Corporation
WDC
▼ NegativeCapitalrelevance

Western Digital sinks 16% despite beating estimates as outlook fails to meet high expectations, with UBS lowering price target.

Seagate Technology PLC
STX
▼ NegativeDemandrelevance

Seagate down 6% as part of broader memory selloff, though no specific company news.

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