Overview
- SanDisk reported record fiscal fourth-quarter results with $8.97 billion in revenue and $39.25 in adjusted earnings per share, driven by a surge in AI data-center demand.
- Data-center sales doubled sequentially to about $2.98 billion, but the company said roughly two thirds of the quarter-over-quarter revenue gain came from higher NAND prices rather than shipment volume.
- Investors reacted negatively on Thursday after SanDisk’s fiscal Q1 revenue guide of $10.3 billion to $10.8 billion fell to the low end of street expectations, sending the stock down roughly 9–11 percent.
- Management highlighted multi-year customer visibility with about $93.9 billion in minimum revenue commitments and spent $4.5 billion on buybacks this quarter while leaving roughly $15.5 billion authorized.
- The trade shows how sensitive AI-linked chip and storage stocks are to guidance and pricing signals and points to a risk that pricing-driven gains could reverse quickly if supply or hyperscaler demand shifts.