After an impressive rally, Sandisk (SNDK) has given back a significant portion of its gains. Profit-taking after the stock's strong run has coincided with growing concerns about rising competition from Chinese memory manufacturers and expectations for softer NAND pricing. Sandisk is scheduled to report its fiscal fourth-quarter 2026 results on Aug. 5, and the earnings release could give SNDK stock a major boost. Sandisk has been growing revenue and earnings at a solid pace, supported by higher pricing and volume. In Q3, surging NAND flash prices and strong AI-driven storage demand powered record revenue growth and significantly stronger profitability.