Sandisk Beats Q4 Estimates With $8.97 Billion Revenue as Datacenter Sales Jump 103%
Updated
Updated · Yahoo Finance · Aug 6
Sandisk Beats Q4 Estimates With $8.97 Billion Revenue as Datacenter Sales Jump 103%
3 articles · Updated · Yahoo Finance · Aug 6
Summary
$39.25 a share in non-GAAP Q4 earnings and $8.97 billion in revenue both topped estimates, with revenue rising 51% sequentially and 371.6% from a year earlier.
Datacenter revenue reached $2.98 billion, up 103% sequentially, as stronger pricing, higher volumes and AI-driven demand for enterprise SSDs lifted results; Sandisk also began revenue shipments of its QLC Stargate platform.
84.6% gross margin and 79.2% operating margin both beat management's guidance, helped by operating expenses falling to 5.4% of revenue from 7.5% in the prior quarter.
Eight new Datacenter and Edge agreements gave Sandisk more than four years of average contract duration and $93.9 billion of minimum revenue at floor pricing, covering more than half of fiscal 2027 bits.
That strong quarter still came alongside a weaker-than-expected fiscal Q1 revenue outlook of $10.3 billion to $10.8 billion, which earlier sent Sandisk shares and other memory-chip stocks lower.