SanDisk Corp Ordinary Shares
SNDK: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|RQS | LOCK|YH | LOCK|lD^zKW |
Sandisk Earnings: We Raise Our Short-Term Pricing Forecast and See Continuing Upcycle
Sandisk's June-quarter results beat guidance on the top and bottom lines. Revenue rose 8% year over year and 12% sequentially to $1.9 billion, while non-GAAP gross margin rose 370 basis points sequentially to 26.4%. Guidance calls for sequential sales growth and margin expansion.
