Ba báo cáo kết quả kinh doanh cổ phiếu chip quan trọng cần theo dõi trong tuần này

The Huoxing Finance report states that on August 4, this week saw a series of key earnings reports from U.S. semiconductor stocks. AMD will release its Q2 results after market close on Tuesday, August 4, Eastern Time; SanDisk and Western Digital will announce their Q4 and full-year fiscal results after market close on Wednesday, August 5, Eastern Time. The significance of these three earnings reports extends beyond individual company performance. After a sharp decline in AI hardware stocks in July, the market is seeking evidence of whether semiconductor stocks are recovering. Last week, earnings reports from cloud providers such as Microsoft and Amazon eased concerns about the return on AI capital expenditures, while the strong performance of memory players like Samsung and Micron reignited sector sentiment. During last Thursday’s rebound, Micron surged 18%, SanDisk rose 26%, and Lam Research gained 18%, with semiconductor stocks helping drive broader market recovery. AMD represents the first major test. The market is currently focused on two growth drivers for AMD: EPYC server CPUs and AI accelerators. Analysts expect AMD’s Q2 revenue to be approximately $11.3 billion, with data center revenue around $6.5 billion—including roughly $4 billion from server chips and $2.5 billion from AI-related revenue. Adjusted EPS is projected at approximately $1.62. According to Investopedia, citing Visible Alpha data, market expectations for AMD’s Q2 revenue stand at $11.34 billion, up 48% year-over-year, with adjusted EPS at $1.61—more than triple the same period last year. The real focus of AMD’s earnings lies in guidance. Jefferies analyst Blayne Curtis is bullish on AMD’s next-generation Venice server CPU and the Helios rack-level AI system based on the MI450 GPU. Customers such as OpenAI, Meta, Microsoft, and Anthropic are already viewed by the market as potential sources of demand for Helios; initial shipments may begin in Q3, but larger revenue contributions are expected only from Q4 onward. The options market is pricing in significant volatility: Investopedia notes that traders are betting AMD’s stock could swing up or down by approximately 10% after earnings. This implies that merely meeting consensus expectations may not be enough—the market needs to see stronger AI GPU orders, progress in customer adoption, and upward revisions to Q3 guidance. SanDisk is a high-beta indicator of memory sector sentiment. The company will release its fiscal Q4 results after market close on August 5 and host its Investor Day on August 13. Benzinga data shows Wall Street expects SanDisk’s Q4 EPS at $33.38 and revenue at $8.24 billion; the company previously provided a revenue guidance range of $7.75–8.25 billion and EPS guidance of $30–33. This means market expectations have already reached or slightly exceeded the upper end of management’s guidance. This sets a high bar for SanDisk’s earnings report. Zacks notes that SanDisk has averaged an earnings surprise of 68.29% over the past two quarters; its current Earnings ESP is +4.13%, and Zacks rates it as #1 Strong Buy, suggesting analysts still believe the company has potential to beat expectations again. However, high expectations also mean greater volatility. Although SanDisk remains in a long-term uptrend, it has recently pulled back from highs, signaling weakening technical momentum. The market will closely monitor NAND prices, enterprise SSD demand, gross margins, and whether the August 13 Investor Day provides a stronger long-term growth framework. Western Digital’s narrative differs slightly—it serves more as a steady validation of AI data center storage demand. Benzinga data shows Western Digital’s Q4 consensus estimates at $3.27 EPS and $3.69 billion in revenue; Zacks previously forecasted $3.34 EPS and $3.7 billion in revenue, representing year-over-year growth of approximately **101%** and 42%, respectively. In its Q3 report released in April, Western Digital provided Q4 revenue guidance of $3.65 billion ± $100 million, non-GAAP gross margin guidance of 51%–52%, and EPS guidance of $3.25 ± $0.15. Western Digital’s key focus lies in high-capacity HDDs and cloud data center demand. Management emphasized in its Q3 earnings call that AI training, inference, Agentic AI, and Physical AI all generate data requiring long-term retention—forming the foundation for HDD demand. If Western Digital continues to demonstrate revenue growth, margin expansion, and strong free cash flow in Q4, the market will view this as evidence that AI storage demand is still expanding broadly. Overall, AMD’s earnings will answer: “Can AI compute orders still be upgraded?” SanDisk’s report will answer: “Can NAND/Flash price increases and enterprise SSD demand sustain high valuations?” Western Digital’s report will answer: “Can AI data center storage demand consistently translate into margin expansion?” If all three reports hold steady, this semiconductor rebound will appear more like a fundamental recovery; if any one company delivers conservative guidance, the valuation haircut from July could quickly return.