Sandisk reports Q2 revenue up 61% YoY to $3.03B, vs. $2.69B est., and net income up 672% to $803M, as AI drives demand upward; SNDK jumps 10%+
Data storage technology company posts second-quarter profit of $803 million, up from $104 million a year earlier
Wall Street Journal Elias Schisgall
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Discussion
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@aleabitoreddit
Serenity
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$SNDK: “Sandisk will pay Kioxia USD 1.165 billion for manufacturing services and continued availability of supply”. Kioxia and SanDisk together operate one of the world's largest NAND flash manufacturing sites. Sandisk's earnings looks like a blowout, but many second order [image…
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@thetranscript_
@thetranscript_
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Sandisk CEO: “This quarter's performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD deployments, and strengthening market demand dynamics...” $SNDK: +12% AH [image]
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@amitisinvesting
Amit
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$SNDK so sandisk just beat EPS by 75% and revenue by 12% EPS is up 4x YoY and revenue is up 63% YoY stock is up 10x over the past year and was the best performing name in the S&P 500 last year, this year its up 130% YTD is anyone continuing to buy the momentum in memory? obviousl…