SanDisk stock has rallied sharply post-spinoff but retreated 36% in the past month before upcoming Q4 results.
SanDisk (NASDAQ: SNDK) has climbed 3,810% since its February 2025 spinoff from Western Digital, driven by strong earnings reactions. The stock soared after each of its four earnings reports, particularly the last one in May.
Despite its year-to-date gains, SNDK has fallen 36% over the past month, trading near pre-May earnings levels. Memory demand, fueled by AI-driven data center expansion, has bolstered NAND flash producers like SanDisk.
Investors await Q4 earnings on August 5, with historical post-earnings rallies in focus amid recent volatility.