SanDisk stock has moved from market darling to stress test in just over a month. That puts the stock roughly 47% below its high after one of the sharpest pullbacks in the 2026 memory trade. FAQsWhy is SanDisk stock downSanDisk stock fell after China’s CXMT IPO triggered a broader selloff in memory chip stocks. When does SanDisk report earningsSanDisk is scheduled to report fiscal Q4 2026 earnings on August 5. Is SanDisk stock a buy before earningsThat depends on whether earnings confirm the current profit base.