Sandisk Corp.

SAN FRANCISCO, Nov. 5, 2026 /PRNewswire/ -- Equity Insider News Commentary - Semiconductor stocks are having a hard session. As of 10:34 a.m. ET, the PHLX Semiconductor Index (SOX) stood at 9,419.27, down 8.27% from Wednesday's close of 10,268.65. Stocks dip sometimes, and perspective helps: based on daily closing prices, the index was still about 33.0% above where it finished 2025 (7,083.13) and about 31.0% above its level one year ago (7,190.27 on Nov. 5, 2025). Underneath the share prices sits a fresh stack of demand data, put on the record over the past three weeks by the industry's trade group, a major cloud provider and suppliers across the chip supply chain. Active Companies from around the markets with current developments this week include: Amazon.com, Inc. (NASDAQ: AMZN), Lam Research Corporation (Nasdaq: LRCX), Taiwan Semiconductor Manufacturing Company Limited (TWSE: 2330) (NYSE: TSM), Sandisk Corporation (Nasdaq: SNDK), and Astera Labs, Inc. (Nasdaq: ALAB).

That said, the index remains about 35.6% below 14,634.72, its highest close of the past year, set on June 22. Here is what the industry and the companies themselves reported in their latest releases.

The industry tally kept climbing through September

On Nov. 3, the Semiconductor Industry Association (SIA) reported global semiconductor sales of $517.7 billion during the third quarter of 2026, an increase of 24.1% compared to the second quarter. Global sales were $172.6 billion during the month of September 2026, an increase of 146.8% compared to September 2025 and 7.9% more than sales in August 2026. The monthly figures are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.

SIA said worldwide sales increased by more than 20% quarter-to-quarter for the third consecutive quarter. Regionally, year-to-year sales in September were up in the Americas (191.7%), Asia Pacific/All Other (141.4%), China (124.9%), Europe (102.5%) and Japan (73.4%).

Days when the headlines move faster than the data are a good time to know how to read both. Equity Insider readers can get Knowledge is Power, a free 27-page guide from sister site Stock Preachers that covers reading the news and reading the chart in plain English across 10 chapters, from candlesticks and support and resistance to indicators, chart patterns, risk and a written trading plan. Subscribers also receive The Roadmap every Monday, Wednesday and Friday.

A cloud customer keeps its spending plan in place

Amazon.com, Inc. (NASDAQ: AMZN) sits on the demand side of the chip story, and its third quarter release on Oct. 29 put numbers to it. AWS segment sales increased 39% year-over-year to $46.0 billion, which the company described as a $184 billion annualized revenue run rate, and AWS segment operating income was $17.8 billion, compared with $11.4 billion a year earlier. In its outlook, Amazon said it continues to expect 2026 cash capital expenditures to be approximately $220 billion. The company also said it made it even easier to adopt its custom AI accelerator, Trainium, with TorchNeuron.

"Our AWS investment in functionality and infrastructure is working, with over 39% year-over-year revenue growth in Q3 ($184 billion revenue run rate) and projected revenue growth rates of over 40% both in 2027 and in 2028," said Andy Jassy, President and CEO, Amazon. As of 10:34 a.m. ET, Amazon shares were down 3.16% on the day and about 11.6% above their 2025 closing price.

Equipment and foundry suppliers report their September quarters

Lam Research Corporation (Nasdaq: LRCX), which supplies wafer fabrication equipment, reported on Oct. 21 revenue of $8.22 billion for its September quarter, up from $6.72 billion in the June quarter. Systems revenue, which includes sales of new leading-edge equipment in deposition, etch, clean and other wafer fabrication markets, was about $5.73 billion, compared with about $3.55 billion in the same quarter of 2025. Deferred revenue increased to $2.66 billion from $2.43 billion, and Lam guided December quarter revenue to $8.60 billion, plus or minus $400 million.

"With AI driving higher semiconductor demand and greater device complexity, our focus on operational execution helped Lam deliver record revenue, profit, and earnings per share in the September quarter," said Tim Archer, Lam Research's President and Chief Executive Officer. Lam shares were down 10.78% as of 10:34 a.m. ET and about 15.4% above their 2025 close.

Taiwan Semiconductor Manufacturing Company Limited (TWSE: 2330, NYSE: TSM), the foundry known as TSMC, reported on Oct. 15 third quarter revenue of US$46.72 billion, an increase of 41.2% year-over-year in U.S. dollar terms. Advanced technologies, defined as 7-nanometer and more advanced, accounted for 79% of total wafer revenue, and TSMC expects fourth quarter revenue between US$52.3 billion and US$54.3 billion. The company noted that its third quarter figures had not been approved by its Board of Directors.

"Moving into fourth quarter 2026, we expect our business to be supported by continued strong demand for our leading-edge process technologies, including the steep ramp-up of our 2-nanometer technology," said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. TSMC's New York-listed shares were down 7.53% as of 10:34 a.m. ET and about 20.4% above their 2025 close.

Memory and connectivity suppliers add their numbers

Sandisk Corporation (Nasdaq: SNDK) reported on Oct. 29 fiscal first quarter revenue of $11.0 billion, up 23% sequentially. Revenue from its Datacenter end market was $4,802 million, up 61% from the prior quarter and up from $269 million in the same quarter a year earlier. Sandisk expects fiscal second quarter revenue in the range of $12.2 billion to $12.6 billion, and announced an eight-for-one forward stock split effective November 19, 2026.

"We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business," said David Goeckeler, Chairman and Chief Executive Officer of Sandisk. Sandisk shares were down 16.94% as of 10:34 a.m. ET and about 263.0% above their 2025 close.

Astera Labs, Inc. (Nasdaq: ALAB), which provides semiconductor-based connectivity solutions for rack-scale AI infrastructure, reported on Nov. 3 record quarterly revenue of $584.9 million, up 49% from the prior quarter and up 154% year-over-year. Its Scorpio fabric switches became the company's largest product family, and Astera Labs guided fourth quarter revenue to a range of $730 million to $750 million.

"The expansion of our intelligent connectivity platform and new design wins position us to strongly grow our dollar content per accelerator and further increase our total market opportunity," said Jitendra Mohan, Astera Labs' Chief Executive Officer. Astera Labs shares were down 14.70% as of 10:34 a.m. ET and about 14.5% above their 2025 close.

A single session can move prices a long way, and today's move in chip stocks is real. So is the data the industry and its customers have put on the record in the past three weeks, from a cloud provider's capital spending plan to equipment, foundry, memory and connectivity results. For readers who want to learn how to weigh the news against the chart for themselves, the free Knowledge is Power guide and The Roadmap are available at equity-insider.com/.

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DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is not a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

This article is independent news commentary. Equity Insider is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Market data are as of 10:34 a.m. ET on Nov. 5, 2026, from publicly available price data, and comparisons to earlier levels are based on daily closing prices. Industry sales figures are from the Semiconductor Industry Association's Nov. 3, 2026 release, compiled by World Semiconductor Trade Statistics. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.

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BOSTON, Nov. 2, 2026 /PRNewswire/ -- USA News Group News Commentary - U.S. stock index futures start the first trading week of November after a Friday session in which the S&P 500, the Dow Jones Industrial Average, the Nasdaq-100 and the Russell 2000 all closed lower, with the Nasdaq-100 posting the steepest drop of the four. The days ahead bring federal labor data, the Treasury Department's quarterly refunding announcement and another round of corporate earnings. Active Companies from around the markets with current developments this week include: Intel Corporation (NASDAQ: INTC), Reddit, Inc. (NYSE: RDDT), Twilio Inc. (NYSE: TWLO), Sandisk Corporation (NASDAQ: SNDK), Advanced Micro Devices, Inc. (NASDAQ: AMD).

Friday's closing levels show how uneven the decline was. The S&P 500 ended October 30 at 7,580.07, down 1.82%, and the Dow Jones Industrial Average finished at 51,770.31, down 1.09%, according to S&P Dow Jones Indices. Nasdaq data show the Nasdaq-100 fell 1,017.66 points, or 3.46%, to 28,384.85, and the Nasdaq Composite lost 747.73 points, or 2.86%, to 25,437.00. The Russell 2000 closed at 2,811.84, down 47.38 points, according to Cboe. Several large technology companies released quarterly results on Thursday, October 29, and their shares were among Friday's decliners.

Friday morning also brought new wage data. The Bureau of Labor Statistics reported that compensation costs for civilian workers rose 0.8 percent, seasonally adjusted, in the three months ending in September 2026, with wages and salaries up 0.7 percent and benefit costs up 0.9 percent; over the 12 months ending in September, compensation costs rose 3.4 percent, not seasonally adjusted. Two days earlier, the Federal Open Market Committee kept the federal funds target range at 3-3/4 to 4 percent in a 10-2 vote, with Lisa D. Cook and Beth M. Hammack preferring a 1/4 percentage point increase, and the statement said inflation remains elevated.

In the futures market, CME Group settlement data for October 30 show the December E-mini S&P 500 contract settling at 7,614.00, down 140.25 points, and the December E-mini Nasdaq-100 at 28,534.00, down 1,028.00. The December E-mini Dow settled at 51,918, down 594, and the December E-mini Russell 2000 at 2,821.30, down 46.00. In overnight Globex trading, CME Group quotes delayed by at least 10 minutes and last updated between 12:49 a.m. and 12:50 a.m. CT on November 2 showed the December E-mini S&P 500 at 7,648.25, up 34.25 points or 0.45%; the E-mini Nasdaq-100 at 28,786.25, up 252.25 or 0.88%; the E-mini Dow at 52,085, up 167 or 0.32%; and the E-mini Russell 2000 at 2,836.60, up 15.30 or 0.54%. Overnight levels can change before the cash market opens.

The calendar fills in from there. The Bureau of Labor Statistics schedules its Job Openings and Labor Turnover Survey for September at 10:00 a.m. ET on Tuesday, November 3, preliminary third-quarter Productivity and Costs at 8:30 a.m. ET on Thursday, November 5, and the October Employment Situation report at 8:30 a.m. ET on Friday, November 6. In its August 5 refunding statement, the Treasury Department said its next quarterly refunding announcement will take place on Wednesday, November 4.

E-mini contracts trade nearly around the clock, so positioning ahead of a jobs report or a refunding announcement can appear on futures charts hours before the cash open. Stock Preachers explains how to spot those signals in its free Knowledge is Power guide at usanewsgroup.com/.

In other industry developments and happenings in the market this week include:

Intel Corporation (NASDAQ: INTC)

Intel reported on October 29 third-quarter revenue of $16.5 billion, up 21% year-over-year, with earnings per share attributable to Intel of $0.60 and non-GAAP EPS attributable to Intel of $0.52. Data Center and AI revenue rose 78% to $7.3 billion, while Client Computing and Physical AI Group revenue declined 5% to $8.1 billion. For the fourth quarter, the company forecast revenue of $15.0 billion to $16.0 billion and non-GAAP EPS attributable to Intel of $0.25. Intel shares closed Friday at $65.76, down 28.58%, according to Stock Analysis data.

"Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology," said Lip-Bu Tan, Intel CEO.

Reddit, Inc. (NYSE: RDDT)

Reddit reported on October 29 third-quarter revenue of $895 million, up 53% year-over-year, including ad revenue of $847 million, up 54%, along with net income of $283 million and diluted EPS of $1.40. Daily Active Uniques rose 12% year-over-year to 130.3 million, with U.S. DAUq at 50.7 million compared with 51.6 million a year earlier. For the fourth quarter, Reddit estimated revenue of $1,000 million to $1,030 million and Adjusted EBITDA of $480 million to $510 million. Its shares closed Friday at $91.73, down 29.22%.

"Our business is growing because the Reddit experience captures the human experience in a way that no other platform can replicate," said Steve Huffman, Founder and CEO of Reddit.

Twilio Inc. (NYSE: TWLO)

Twilio reported on October 29 third-quarter revenue of $1.56 billion, up 20% year-over-year, with organic revenue growth of 16%, and non-GAAP income from operations of $325.7 million, up 39%. Dollar-Based Net Expansion Rate was 114%, compared with 109% a year earlier. The company raised its fiscal 2026 reported revenue growth outlook to 20% from 18% to 18.5% previously and set fourth-quarter revenue guidance of $1.595 billion to $1.605 billion. Twilio shares closed Friday at $205.03, down 15.24%.

"Q3 was a great quarter for Twilio, driven by disciplined execution and broad-based strength across our product portfolio," said Khozema Shipchandler, CEO of Twilio.

Sandisk Corporation (NASDAQ: SNDK)

Sandisk reported on October 29 fiscal first-quarter revenue of $11.0 billion, up 23% sequentially, and GAAP net income of $8.1 billion, or $52.60 per diluted share, with Datacenter revenue up 61% from the prior quarter to $4,802 million. The company returned $5.0 billion to stockholders through the repurchase of approximately 3.2 million shares during the quarter, announced an eight-for-one forward stock split with split-adjusted trading expected to begin on November 20, 2026, and guided fiscal second-quarter 2027 revenue to $12.2 billion to $12.6 billion. Sandisk shares closed Friday at $1,150.89, down 13.47%.

"We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business," said David Goeckeler, Chairman and Chief Executive Officer of Sandisk.

Advanced Micro Devices, Inc. (NASDAQ: AMD)

AMD will report fiscal third-quarter 2026 financial results on Tuesday, November 3, after the market close, with a conference call at 5 p.m. ET. On October 27, the company highlighted its partnership with Meta, saying AMD Helios rackscale solutions are running at Meta, AMD EPYC processors power Meta's Muse AI agent, and AMD will invest $1 billion in Meta's equity offering. AMD shares closed Friday at $504.80, down 10.88%.

"With Helios now running at Meta, we are taking that partnership to a new scale in the superintelligence era," said Lisa Su, Chair and CEO, AMD.

Friday's settlements give futures traders a fixed reference for a week that runs from Tuesday's job openings data to Friday's October employment report, with the Treasury's refunding announcement in between. To track how the E-mini contracts respond as each number comes out, pick up the free Stock Preachers guide and The Roadmap market reports at usanewsgroup.com/.

Contact Information:

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Media Contact: info@usanewsgroup.com 

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is not a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

This article is independent news commentary. USA News Group is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Index closes for October 30, 2026 are from S&P Dow Jones Indices (S&P 500, Dow Jones Industrial Average), Nasdaq (Nasdaq-100, Nasdaq Composite) and Cboe (Russell 2000). Futures settlements for October 30, 2026 and overnight Globex quotes from early November 2, 2026 are from CME Group; the quotes were delayed by at least 10 minutes and may differ materially by the time of publication or the U.S. cash open. Daily share price changes for October 30, 2026 are from Stock Analysis data. Economic data and schedules are from the Bureau of Labor Statistics (Employment Cost Index released October 30, 2026 and its November 2026 release schedule), the Federal Reserve's FOMC statement of October 28, 2026 and the U.S. Treasury's quarterly refunding statement of August 5, 2026. Company results, guidance and scheduled dates are as stated by the companies and may change. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.

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