SanDisk Corporation (SNDK) is having an exceptional year. The flash-memory maker is the best-performing stock in the S&P 500 Index ($SPX), with shares up 2,809% over the past year. Strong AI-related demand has pushed NAND flash prices higher and lifted SanDisk's results.
In fiscal Q4, revenue reached $8.96 billion, up 372% from a year earlier, while EPS of $38.82 beat Wall Street's $33.28 estimate. Data center revenue more than doubled from the prior quarter to $2.98 billion, and SanDisk expects up to $10.8 billion in revenue this quarter.
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#sandisk #year #flash #quarter
In fiscal Q4, revenue reached $8.96 billion, up 372% from a year earlier, while EPS of $38.82 beat Wall Street's $33.28 estimate. Data center revenue more than doubled from the prior quarter to $2.98 billion, and SanDisk expects up to $10.8 billion in revenue this quarter.
Sandisk Stock Could Nearly Double to $3,000, According to Wall Street
Warren Buffett's Granddaughter Says He Disowned Her and Twin Sister in a Letter —'I Have Not Emotionally or Legally Adopted You as a Grandchild…'
How to Play the Post-Earnings Selloff in Marvell Technology Stock
#sandisk #year #flash #quarter
14 days ago
