Should You Buy Sandisk Stock Before Aug. 5? (Hint: It Soared After the Past 2 Earnings Reports)

SanDisk reported third-quarter revenue growth of 251% year-over-year and gross margin of 78.4%, driving continued momentum in the NAND flash memory provider's first year as a standalone company. The stock has surged 3,810% since its February 2025 spinoff from its former parent.

Management guided fourth-quarter revenue to $8 billion, representing 321% year-over-year growth, with gross margin expected to expand to 80%. The company supplies NAND flash memory to AI data centers, positioning it at the center of accelerating infrastructure buildout.

Shares have pulled back 36% over the past month despite the strong fundamentals, creating a potential entry point ahead of the company's August 5 earnings release. The stock historically rallied following its previous two quarterly reports. SanDisk currently trades at a price-to-earnings ratio of 47.

The recent selloff reflects broader AI sector concerns about capital expenditure sustainability and rapid technology shifts, even as hyperscalers continue ordering memory components at record rates.