Should You Buy Sandisk Stock Before It Reports Earnings on Aug. 5?
sandisk (NASDAQ: SNDK) has been one of many hottest growth stocks of the yr (up 579%), nevertheless it’s down by greater than 31% from its June 2026 all-time excessive. Where does that go away buyers heading into Sandisk’s Aug. 5 earnings report?
There are some hints that Sandisk will ship blockbuster outcomes when it releases its report. These are the inexperienced flags buyers ought to take note as Aug. 5 attracts nearer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” sign flashed for a little-known chipmaker known as Nvidia. For the primary time in years, that very same “Total Conviction” sign is flashing for a corporation 1/a hundredth the dimensions of Nvidia. Continue »
Micron often forecasts Sandisk’s earnings
memory chips are gaining substantial traction, and Micron Technology (NASDAQ: MU) proved that was the case when it reported its fiscal 2026 third-quarter outcomes. These outcomes are a reasonably large deal for Sandisk buyers because the firm has been rising quicker than Micron in current quarters.
Micron greater than quadrupled its income yr over yr, crushing its steering within the course of. The reminiscence chipmaker additionally delivered greater than 70% sequential progress. Guidance solely instructed $33.5 billion in income on the midpoint, which might have been roughly a 40% sequential enchancment.
With this vital context, let’s take a more in-depth take a look at Sandisk’s outcomes for the fiscal 2026 third quarter, which ended April 3. Revenue virtually doubled sequentially, outpacing the expansion fee Micron exhibited in its groundbreaking quarter. For Q3, Sandisk implied $4.6 billion in income on the midpoint of steering and ended up reporting $5.95 billion.
Sandisk guided by $8 billion in income on the midpoint of its fiscal 2026 fourth-quarter outcomes. Recent historical past and Micron’s outcomes recommend that Sandisk will smash steering. Micron’s $41.5 billion in income shocked probably the most ardent bulls, and the corporate then guided for $50 billion within the following quarter.
If Sandisk continues to comply with the sample of crushing steering, its current dip seems to be like a compelling shopping for alternative.
The reminiscence chip increase is not fading
Memory chips are cyclical, and provide shortages can shortly flip into stock gluts. That has been the narrative for a number of a long time, and it might clarify why reminiscence chipmakers noticed their share costs drop simply after Micron reported earnings, however the AI build-out is sort of distinctive.
Companies with actual income and rising AI capability wants are fueling the increase, which makes the dot-com comparability illegitimate. Furthermore, Micron introduced it was coming into multiyear strategic agreements with prospects. This multiyear setup makes the corporate much less prone to the bust a part of the reminiscence chip cycle. Competitors like Sandisk are prone to comply with go well with, which may make the present dip engaging.
