Earnings disclosure wave for tier-2 and tier-3 software stocks! Can the dual leaders in storage meet market expectations this week?

Longbridge community members, after the Mag7 earnings week, a batch of second-tier software tech stocks with high volatility characteristics are next in line. Amid soaring hardware costs, earnings reports will verify the realization of profitability in the AI software layer.

This week is most densely packed with the entire AI infrastructure chain, and some thematic stocks are also exceptionally comprehensive; pharmaceuticals are clustered but have relatively low volatility.

AI Connectivity/Compute: $Astera Labs(ALAB.US) (connectivity chips), $AMD(AMD.US) (GPU compute), $Western Digital(WDC.US), $Sandisk(SNDK.US) (storage) $Riot Platforms(RIOT.US) $Mara(MARA.US) (Bitcoin mining)
AI Software/Cloud: PLTR (flagship AI application), DDOG (cloud observability), DOCN (cloud computing)
Quantum/Space: $IonQ(IONQ.US) (quantum computing), $Redwire(RDW.US) (on-orbit manufacturing), $SpaceX(SPCX.US) (rocket launch)
Stablecoins: $Circle(CRCL.US) (USDC stablecoin)

Platforms/Consumer: $Shopify (SHOP.US) (e-commerce), $Uber Tech(UBER.US) (mobility), $Grab(GRAB.US) (Southeast Asia mobility), $Spotify(SPOT.US) (music streaming), $Disney(DIS.US)
Weight-loss drugs/Pharma: $Eli Lilly(LLY.US)$Novo Nordisk AS(NVO.US) (duopoly in weight-loss drugs), $Vertex Pharma(VRTX.US)$Amgen(AMGN.US)$Pfizer(PFE.US) etc.

Nuclear/Uranium: $Energy Fuels(UUUU.US) $Oklo(OKLO.US)
Advertising/Social: $AppLovin(APP.US) $Pinterest(PINS.US) $Snap(SNAP.US)
Construction Machinery: $Caterpillar(CAT.US)

Focusing on what everyone knows best, reviewing key points one by one

$Astera Labs(ALAB.US) —— The "Shovel Seller" for AI Connectivity Chips
2026 Q2: Tuesday 08/04 After Market Close · Implied Volatility ±18.0%

Wall Street Expectations: Revenue consensus around $480 million, adjusted EPS around $0.68; main business involves PCIe/CXL connectivity chips, directly benefiting from rack-level compute expansion. The subsequent deployment progress of the Scorpio X series switch chips, which just started mass shipments last quarter, in hyperscale data centers will be key to verifying its long-term moat.

$Palantir Tech(PLTR.US) —— AI Applications
2026 Q2: Monday 08/03 After Market Close · Implied Volatility ±11.4%

Wall Street Expectations: Revenue consensus around $2.28 billion, EPS around $0.37; it has beaten expectations for 8 consecutive quarters so far. As a "software application," PLTR is one of the most watched targets; additionally, well-known short seller Michael Burry added bearish options positions before earnings. The focus is on whether government and commercial (US Commercial AIP) orders can continue to surge, as well as full-year guidance.

$AMD(AMD.US) —— Compute Mainline, MI Series vs. NVIDIA
2026 Q2: Tuesday 08/04 After Market Close · Implied Volatility ±9.8%

Revenue consensus around $15.68 billion, EPS around $2.10; data center GPUs are the core variable. The ramp-up of MI accelerators and the gradual adaptation of open-source large models (such as MiniMax H3, etc.) to the AMD ecosystem strengthen the "shovel seller" logic. Microsoft's order for Helios further validates its status as a "second source" in the industry.

The gap with NVIDIA, gross margins, and the pace of AI capital expenditure are all variables. Special attention should be paid to the data center GPU revenue guidance and gross margin for the next quarter.

$Sandisk(SNDK.US) —— The Anchor Stone for AI Storage

2026 Fiscal Quarter: Wednesday 08/05 After Market Close · Implied Volatility ±18.4%

Wall Street Expectations: Bloomberg consensus revenue around $12.5 billion, EPS around $51; main business involves NAND flash memory and SSDs, directly benefiting from AI near-line storage and HBM demand. It plummeted about 47% in July, halving from its yearly high; it rebounded over the past two days following the storage sector, with Morgan Stanley and others remaining bullish, as AI near-line storage remains the core narrative.

This Week's Macro: Employment Super Week

This week is an undeniable "Employment Super Week": Tuesday's JOLTS job openings, Wednesday's ADP private employment + ISM Services PMI, Thursday's initial jobless claims, leading up to Friday's July Non-Farm Payrolls (the focus of the whole week). The previous report showed only 57,000 new jobs in June, a clear weakening. If this month's NFP continues to be soft, it will reinforce rate cut expectations.