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Sandisk delivered a major beat on both earnings and revenue, stock price soars
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Sandisk crushed Q2 expectations and delivered a blockbuster Q3 guide that resets near-term earnings and revenue assumptions.
Summary:Sandisk delivered a major beat on both earnings and revenue versus consensus.
Guidance for Q3 was the big shock: management sees a step-change higher on both EPS and sales.
Revenue was reported at $3.03 billion, also ahead of expectations for $2.69 billion.
Revenue guidance was equally punchy at $4.4–$4.8 billion versus expectations near $2.84 billion.