Sandisk reports Q3 revenue up 251% YoY to $5.95B, vs. $4.72B est., consumer revenue below est., and forecasts Q4 revenue above est.; SNDK drops 5%+ after hours (Britney Nguyen/MarketWatch)
SanDisk reported third-quarter revenue of $5.95 billion, a 251% year-over-year increase and surpassing the $4.72 billion estimate, though consumer revenue fell below expectations. The company forecasted fourth-quarter revenue above estimates, signaling continued strong performance despite segment weaknesses. Despite the positive outlook, SanDisk's stock dropped more than 5% in after-hours trading.
- ▪SanDisk's Q3 revenue reached $5.95 billion, up 251% year-over-year.
- ▪The reported revenue exceeded the estimated $4.72 billion.
- ▪Consumer revenue for the quarter came in below analyst expectations.
- ▪SanDisk provided a Q4 revenue forecast that is above market estimates.
- ▪Shares of SanDisk dropped over 5% in after-hours trading following the earnings release.
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