NEW YORK, Feb 17, 2026, 05:00 EST — Premarket
- Sandisk shares edged lower in premarket indications as chip stocks eased broadly.
- Focus turns to Wednesday’s Fed minutes and a packed week of U.S. data, with Nvidia results due Feb. 25.
- Sandisk’s last big catalyst was late-January earnings and an upbeat forecast.
Shares of Sandisk Corp were down about 0.5% in premarket trading on Tuesday, with the flash-memory maker tracking a softer tape for semiconductor names.
The timing matters. U.S. markets were closed on Monday for Presidents Day, and traders are stepping back in with the Federal Reserve’s January meeting minutes due on Wednesday and inflation data later in the week. (Kiplinger)
Sandisk has been a high-beta proxy for the data-center buildout, where demand can swing fast with rate expectations and AI spending headlines. The stock has also been volatile since its separation from Western Digital, leaving little room for disappointment when the tape turns. (SEC)
In the last regular session before the holiday, Sandisk ended at $626.56, down about 0.6% on the day. (Investing)
Other storage and chip-linked names were also in the red in early indications, including former parent Western Digital, Micron Technology and Seagate Technology. Nvidia was down about 2.2%.
Sandisk’s most recent company catalyst remains its fiscal second-quarter report on Jan. 29, when it posted $3.03 billion in revenue and forecast fiscal third-quarter revenue of $4.40 billion to $4.80 billion. (Sandisk)
“This quarter’s performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD deployments, and strengthening market demand dynamics,” CEO David Goeckeler said at the time. (Sandisk)
A key swing factor for the shares is pricing and supply discipline in NAND flash — a type of memory chip used in solid-state drives — as the industry tries to avoid the boom-bust cycles that have punished the sector in the past. (Sandisk)
But the setup cuts both ways. If investors read the Fed minutes as hawkish, or if Friday’s inflation data runs hot, higher yields can compress valuations for momentum tech trades even when company demand is intact. (Kiplinger)
Investors are also watching Nvidia’s quarterly report next week for any read-through on AI infrastructure spending, a demand driver for enterprise storage. Nvidia has set its fourth-quarter results call for Feb. 25. (NVIDIA Newsroom)
For Sandisk, the next near-term catalysts are Wednesday’s Fed minutes, Friday’s PCE inflation report, and how chip stocks trade into Nvidia’s results on Feb. 25. (Kiplinger)
