Sandisk Corp

Quantli Newsdesk

· 4 months ago

Western Digital and Sandisk reported explosive third-quarter earnings, crushing analyst expectations as AI workloads drive unprecedented demand for data storage. Despite strong results and optimistic guidance, both stocks declined in after-hours trading as investors took profits following massive year-to-date gains of 152% and 362% respectively.

10-K

Quantli Newsdesk

· 4 months ago

Sandisk completed its separation from Western Digital and reported revenue growth of 10% to $7.4 billion with gross margin expanding to 30.1% from 16.1%, driven by improved pricing and higher Cloud demand. A $1.8 billion goodwill impairment charge related to post-separation market capitalization resulted in a net loss of $1.6 billion.

Market Analysis

Quantli Market Analysis

· 7 hours ago

SanDisk shares fell sharply last month, briefly raising concerns that its AI-storage outlook was shifting. However, the selloff had little to do with any deterioration in the company’s underlying business. The decline was not triggered by pricing pressure, weaker demand, or changes to customer contr…