SanDisk Stock (NASDAQ: SNDK) Hovering Below Resistance Into Earnings

SanDisk Corporation (NASDAQ: SNDK) is trading at $46.75, dipping just below a closely watched $47 resistance level as markets brace for the company's fiscal fourth-quarter and full-year 2025 earnings report, set for release after market close today. An earnings conference call will follow at 1:30 p.m. Pacific Time.

Analysts are forecasting earnings per share (EPS) of $0.03 and revenue of $1.83 billion for the quarter. These projections suggest ongoing headwinds, with the low estimate on the street for SNDK to put up an EPS loss of $0.03 sharpening the focus leading in.

The previous quarter offered a mixed bag, with revenue of $1.70 billion exceeding company guidance, despite a 10% sequential decline.

However, a GAAP net loss of $1.93 billion, or $13.33 per share, largely attributed to a substantial $1.83 billion goodwill impairment charge, cast a long shadow. On a non-GAAP basis, the loss per share was $0.30.

CEO David Goeckeler's emphasis on the successful early ramp of BiCS 8 technology and strategic actions to align supply with demand and implement price increases provides a glimmer of optimism. The question now is whether these efforts have translated into tangible improvements in the fourth quarter.

The battle lines between bulls and bears is clearly evident in the price targets, with the high of $70, and the low of $37 a clear gulf. Today's print could cause either a break above resistance, or a period of retracement.