SanDisk Reports $3 Billion Sales with 51% Margin, Guides Mid-60% Margins
SanDisk revenue climbed 31% sequentially to $3.0 billion with non-GAAP gross margins of 51% and EPS of $6.20, while free cash flow of $843 million turned the balance sheet to net cash. The company forecasted next-quarter revenue of $4.4–$4.8 billion and mid-60% gross margins.
1. Strong Quarterly Results
SanDisk posted revenue of $3.0 billion in its latest quarter, up 31% sequentially and 61% year-over-year, delivering non-GAAP gross margins of 51% and EPS of $6.20.
2. Forward Guidance
Management forecasted next-quarter revenue in the range of $4.4–$4.8 billion with gross margins expected in the mid-60% range, signaling potential peak-cycle profitability in the NAND market.
3. Balance Sheet Improvement
Free cash flow reached $843 million, enabling SanDisk to pay down debt and transition to a net cash position, strengthening financial flexibility for capital allocation.