TLDRSandisk shares slide after hours despite Q4 revenue jumping 372% to $8.97 billion.Q4 net income reaches $6.90 billion as stronger pricing and volumes fuel growth.Datacenter revenue surges 437% in fiscal 2026 as higher-value demand rises.Sandisk expands its buyback authorization by $14 billion to support shares.Q1 2027 revenue guidance reaches $10.8 billion, with adjusted EPS up to $46.00.Sandisk (SNDK) shares fell 5.40% to $1,350.50 before dropping another 3.30% after hours to $1,306.00. The decline followed a sharp late-session sell-off despite record fourth-quarter revenue and a larger buyback authorization. The earnings release showed strong pricing, datacenter demand, and profit growth, yet the stock moved lower.Sandisk Corporation, SNDKSandisk Stock Falls After Record QuarterSandisk reported fiscal fourth-quarter revenue of $8.97 billion, a 51% increase from the previous quarter. Revenue also rose 372% from $1.90 billion during the same period last year. Management attributed about one-third of sequential growth to volume and two-thirds to higher pricing.GAAP net income reached $6.90 billion, compared with $3.62 billion in the third quarter. Diluted GAAP earnings climbed 91% sequentially to $43.97 per share. Meanwhile, non-GAAP diluted earnings increased 68% to $39.25 per share.Gross margin expanded to 84.6%, up 6.2 percentage points from the previous quarter. Operating income rose 71% sequentially to $7.04 billion, while operating expenses declined 1%. These figures reflected strong pricing power and a favorable mix across higher-value storage products.Datacenter and Edge Businesses Lead GrowthDatacenter revenue doubled sequentially to $2.98 billion and increased sharply from $213 million one year earlier. Edge revenue rose 48% sequentially to $5.43 billion, making it Sandisk’s largest end market. However, consumer revenue fell 32% sequentially to $556 million and declined 5% year over year.For fiscal 2026, Sandisk generated $20.25 billion in revenue, up 175% from the prior year. GAAP net income reached $11.43 billion, reversing the previous year’s $1.64 billion loss. Diluted GAAP earnings improved to $73.76 per share from an $11.32 loss.Datacenter revenue grew 437% during the year to $5.15 billion. Edge revenue increased 195% to $12.16 billion, while consumer revenue rose 29% to $2.94 billion. Sandisk linked the full-year performance to stronger pricing and a shift toward higher-value customers.Buyback Expansion and Outlook Support Growth PlanSandisk added five New Business Model agreements after announcing five similar deals during its April earnings call. Three new agreements involved new customers, while two expanded earlier arrangements. The company expects these contracts to deepen partnerships and support longer-term revenue visibility.The board approved an additional $14 billion share repurchase program. That decision raised Sandisk’s remaining authorization to $15.5 billion. The expanded program gives management greater flexibility to return capital while maintaining investment capacity.For fiscal first-quarter 2027, Sandisk expects revenue between $10.30 billion and $10.80 billion. Non-GAAP diluted earnings should range from $44.00 to $46.00 per share. Sandisk became independent after separating from Western Digital on February 21, 2025, which shapes earlier period comparisons. The post Sandisk Corporation (SNDK) Stock: Slides Despite 372% Q4 Revenue Surge and $14 Billion Buyback appeared first on Blockonomi.