SanDisk Corp Ordinary Shares
SNDK: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$< | LOCK|?rD | LOCK|%@w#j? |
Sandisk Earnings: Decelerating Price Growth Is a Bad Omen
Sandisk's September-quarter results were again exceptional and above guidance. Sales rose 378% year on year to $11 billion, while non-GAAP gross margin rose 55 points year on year to 85%. December-quarter guidance implies further improvement and year-on-year growth again above 300%.
