On August 3, SanDisk Corp. declined 4.5% in regular trading, trading at $1,147.355/share, with turnover of $1.559 billion.

The decline was primarily driven by Kioxia's disappointing quarterly results, which weighed on the entire memory chip sector. Although Kioxia reported revenue growth of over four times year-over-year to 1.77 trillion yen, its operating profit of 1.27 trillion yen fell short of the market consensus of 1.37 trillion yen, with net profit also missing expectations. Storage stocks declined broadly, with Western Digital down 5.25% and Seagate Technology down 6.22%.

Additionally, SanDisk is scheduled to report fiscal quarter earnings on August 5 after market close, with consensus estimates calling for revenue of $8.394 billion (up 363% YoY) and adjusted EPS of $34.45. Following a cumulative 47% decline in July, investors remain cautious about whether the report can validate the sustainability of AI-driven storage demand, intensifying bull-bear tensions ahead of the release.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)