Schwab Network on $SNDK (Oct 30, 2026)
SanDisk had a really good quarter: revenue of 11 billion beat the 10.64 billion expected, adjusted EPS of 49.51 beat 46.22, guidance looked strong, data-center growth continued and edge rose over 320% year over year, with consumer the weak spot, down 29% quarter over quarter. The speaker says the share pressure reflects fallout from other tech earnings and the broad slide, not the company's results.
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Okay. And then SanDisk, uh, those shares have been under pressure, but SanDisk had a great quarter. It's just really about just the overall pressure in the tech sector or maybe I was going to say good isn't good enough, but great isn't good enough. What's the deal here?
Yeah, I think this might just be because of the the fallout from some of the other uh technology stocks that have been reporting here and obviously this general slide to the downside here.
Revenue did beat the street's expectations coming in at 11 billion. Street was looking for 10.64 billion and the adjusted earnings per share came in at 49.51 or $49.51. Street was looking for $4622. Adjusted gross margin sitting at 85.1%.
They are continuing to see growth on the data center front. Their edge business is up 7% on a quarter- basis, up over 320% on a year-over-year basis. Now, their consumer business is down 29% on a quarter- quarter basis, but that was the the big weak spot for the quarter, but overall their guidance actually looked very strong.
They also announced an 8 for one for its stock split as well that's going to be effective November 19th of this year, and they also have a $5 billion share repurchase plan that's in the works.
So, this is a really good quarter for this company. Once again, I think they're just kind of reeling the effects of the fallout from others within their industry.
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