SNDK
STX
The setup is doing the work
SanDisk shares are popping Thursday, and the catalyst isn’t some surprise deal or product launch — it’s old-fashioned earnings anticipation. The company is set to report fiscal third-quarter results after the closing bell, and the market is basically leaning in like it just heard there might be dessert.
Why everyone’s suddenly excited
Wedbush’s Matt Bryson added fuel to the fire with a bullish note on the memory market, arguing SanDisk has been better at raising pricing than the broader industry. That matters because pricing power in NAND is the difference between looking healthy and looking like you’re trying to survive on vibes alone.
Analysts are now calling for a roughly 65% quarterly price increase, up from an earlier 55% guide. If that holds, gross margins could land around 67%, which is the kind of number that gets investors doing math in their heads in the parking lot.
The squeeze factor
There’s also the short-interest setup. Shorts have been building, and with the stock already near its 52-week high, a solid earnings beat could turn Thursday night into a very uncomfortable episode for anyone betting against it.
- Short interest recently climbed to 9.75 million shares
- That’s about 10.33% of the float
- Seagate’s recent earnings strength has also been lifting the whole storage crew
Big picture
This is one of those “show me” moments. If SanDisk backs up the bullish pricing chatter with a strong print, the stock could keep partying. If not, the market may remember that momentum trades are fun right up until they aren’t.