Sandisk Corporation - Common Stock When-Issued (SNDK)

Western Digital beat earnings, revenue, and guidance estimates on strong AI-driven cloud demand and expanding margins, yet shares fell 12% as lofty expectations weighed on the stock.

Sandisk (NASDAQ: SNDK) rebounds premarket. Despite post-earnings pullbacks, strong momentum signals and a Buy consensus point to upside.

Operating performance is spectacular, but investors are getting nervous for one big reason.

Sandisk's revenue has accelerated sharply in recent quarters, while AMD has grown more steadily—a divergence that narrows the historical gap between these chip-sector heavyweights.

Sandisk shares fell over 8% despite beating earnings estimates, as slightly soft revenue guidance overshadowed 60%-plus revenue growth and expanding margins from AI-driven data center demand.

The memory chip market continues to strengthen.

Sandisk (NASDAQ:SNDK) reported record fiscal fourth-quarter revenue, gross margin and earnings per share, with results exceeding the high end of its prior outlook as the company cited growing demand for NAND storage tied to AI inference workloads and data-center expansion. Fourth-quarter revenue to

Cook told investors that memory prices will continue to rise.

Sandisk Corporation (NASDAQ: SNDK) will release Q4 earnings on Aug. 5, with expected EPS of $34.45 and revenue of $8.39B. Analysts have positive ratings.

Everyone is watching AI chipmakers, but the real battle may be unfolding in memory, and SK Hynix is leading the charge.

Did Sandisk and SK Hynix just solve the HBM supply crisis?

Sandisk's share price has fallen dramatically from its June highs, even as its business remains strong.

The bigger the gains, the harder the fall.