$SNDK Don’t think SanDisk is just a company that sells camera memory cards and portable hard drives. Its latest earnings report makes it clear: its main source of profits has long since changed!
In its latest quarter, revenue topped $11 billion—nearly 4.8 times what it was a year ago. The most interesting part is that sales of the consumer storage cards people usually buy are actually shrinking. The real driver behind this staggering surge is AI data centers. Revenue from this business soared from 12% of the total last year to 44%, making it the company’s undisputed backbone.
The explosive growth came from both higher volumes and higher prices: 60% from selling more, and 40% from selling at higher prices. The company is also brimming with confidence about next quarter, forecasting revenue of $12.2 billion to $12.6 billion, with orders already filling up.
Most impressively, the company has pledged to return 100% of its excess cash to shareholders. Just this quarter, it spent a hefty $5 billion in actual cash buying back shares. With demand for AI computing power providing a solid foundation, and the company willing to use its cash for share buybacks and cancellations, its fundamentals are undeniably strong.
#股票财报季
In its latest quarter, revenue topped $11 billion—nearly 4.8 times what it was a year ago. The most interesting part is that sales of the consumer storage cards people usually buy are actually shrinking. The real driver behind this staggering surge is AI data centers. Revenue from this business soared from 12% of the total last year to 44%, making it the company’s undisputed backbone.
The explosive growth came from both higher volumes and higher prices: 60% from selling more, and 40% from selling at higher prices. The company is also brimming with confidence about next quarter, forecasting revenue of $12.2 billion to $12.6 billion, with orders already filling up.
Most impressively, the company has pledged to return 100% of its excess cash to shareholders. Just this quarter, it spent a hefty $5 billion in actual cash buying back shares. With demand for AI computing power providing a solid foundation, and the company willing to use its cash for share buybacks and cancellations, its fundamentals are undeniably strong.
#股票财报季
