On August 3, SanDisk Corp. rose 3.24% overnight, trading at $1,254.22 per share, with turnover of $112 million.
On the news front, SanDisk Corp. is scheduled to report quarterly earnings after market close on August 5, with market consensus expecting revenue of $8.394 billion, representing a 363.01% year-over-year increase, and adjusted EPS of $34.45, a massive year-over-year surge. Concurrently, the FMS Flash Memory Summit this week is set to unveil the HBM4E roadmap, further elevating attention on AI storage demand prospects.
The overnight gain extends a period of heightened pre-earnings positioning sentiment within the storage chip sector. Previously, better-than-expected earnings from Microsoft and ARM triggered a broad semiconductor rally, during which SanDisk Corp. surged nearly 26% in a single session. However, subsequent results from Kioxia that missed expectations briefly dampened sentiment. The current move reflects renewed optimism heading into the earnings report, supported by the upcoming industry event catalyst and sustained AI-driven memory demand tailwinds.
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