SanDisk Corp. (NASDAQ:SNDK) shares soared in Thursday’s extended trading after the company released its second-quarter earnings report, beating estimates on the top and bottom lines.
Here’s a look at the key figures from the quarter.
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The Details: SanDisk reported quarterly earnings of $6.20 per share, which beat the analyst consensus estimate of $3.12 by 98.53%, according to data from Benzinga Pro.
Quarterly sales of $3.025 billion, which beat the analyst consensus estimate of $2.599 billion by 16.41 percent.
Data center revenue was up 64% from the previous quarter, driven by “strong adoption among AI infrastructure builders, semi-custom customers and technology companies deploying AI at scale,” SanDisk said.
“This quarter’s performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD deployments, and strengthening market demand dynamics, all at a time when the critical role that our products play in powering AI and the world’s technology is being recognized,” said David Goeckeler, SanDisk CEO.
Outlook: SanDisk expects third-quarter adjusted EPS of $12 to $14, versus the $3.63 analyst estimate, and revenue of $4.4 billion to $4.48 billion, versus the $2.62 billion analyst estimate.
SNDK Stock Price: According to data from Benzinga Pro, SanDisk stock climbed 15.38% to $622.21 in Thursday’s extended trading.
Photo: Shutterstock
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