Sandisk Posts 84.6% Q4 Gross Margin as AI/Data-Center Shift Lifts Pricing
SNDK has more than doubled off its 52-week low of $116.17.
Summary
Sandisk's Q4 gross margin hit 84.6%, with pricing driving about two-thirds of the sequential sales gain. The company is shifting production toward higher-value AI and data-center storage, cutting consumer device exposure. Management will update on enterprise volumes, contract pricing, and supply projections on Oct 29, when analysts expect EPS of $46.13 on revenue of $10.63B. Cantor Fitzgerald reiterated its bullish stance, calling the recent Toshiba capacity selloff overdone. This follows the strong Q4 beat reported in August and the $31B Japan investment with Kioxia.
At the time of this announcement, SNDK was trading at $1,551.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $228.6B. The 52-week trading range was $116.17 to $2,354.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.