On August 5, SanDisk Corp. fell 6.71% in after-hours trading to approximately $1,254.15 per share, with turnover of $545 million. The decline came immediately after the company released its fiscal Q4 earnings results.

Ahead of the report, Wall Street consensus expectations had grown notably aggressive, with projected revenue of approximately $8.394 billion and adjusted EPS of $34.45, both exceeding the upper end of company guidance. Some institutions pushed EPS estimates as high as $34.80, significantly raising the bar for a positive surprise. Meanwhile, the options market had priced in a potential 14% post-earnings swing, and a $2.16 million purchase of out-of-the-money puts with a $745 strike expiring August 14 signaled concentrated bearish positioning.

Following a cumulative 47% decline in July driven by concerns over the sustainability of AI infrastructure spending, investors remained deeply divided on whether this quarter could reignite confidence in the AI storage cycle, resulting in concentrated selling pressure after hours.

(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.)