None
EN
Sandisk shares soar as FQ2 results crush expectations, guidance stuns
['Senad Karaahmetovic', 'Thu', 'January', 'At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
The company reported adjusted earnings per share of $6.20 for the second quarter, dramatically outpacing the analyst estimate of $3.49.
Revenue came in at $3.03 billion, well above the consensus estimate of $2.67 billion and up 31% sequentially.
The company forecasts revenue between $4.4 billion and $4.8 billion, substantially higher than the consensus estimate of $2.92 billion.
The midpoint of Sandisk’s revenue guidance ($4.6 billion) represents a 73% increase from the second quarter, signaling accelerating momentum in the company’s business, particularly in AI-related storage solutions.
Related articlesSandisk shares soar as FQ2 results crush expectations, guidance stunsGoldman expects lower but still attractive stock market returns in 20265 reasons why Jefferies thinks Meta’s pullback is a buying opportunity