Overview
- SanDisk, which reported results Thursday, topped forecasts with Q3 revenue of $5.95 billion and adjusted EPS of $23.41, yet the stock fell more than 6% in late trading after a steep year-to-date run.
- The company guided for Q4 revenue of $7.75 billion to $8.25 billion and adjusted EPS of $30 to $33, both well above Wall Street estimates.
- Datacenter sales more than tripled to $1.47 billion as AI projects drove demand for high‑performance flash storage and allowed the company to raise prices.
- Peers reinforced the trend as Western Digital projected revenue above estimates and Seagate signaled strong enterprise orders, though their shares also slipped after their updates.
- Analyst views on value remain far apart, with a Yahoo Finance piece citing a 24/7 Wall St. target that implies about 32% downside and other firms publishing much higher bull cases, keeping debate and volatility elevated.