Overview
- SanDisk reported fiscal fourth-quarter revenue of $8.97 billion and non‑GAAP diluted EPS of $39.25 with GAAP diluted EPS of $43.97, driven by sharp price and mix gains.
- Data‑center sales rose to $2.98 billion in the quarter, more than doubling sequentially and accounting for a large share of the company’s surge in higher‑value enterprise SSDs.
- Management guided Q1 FY2027 revenue to $10.30 billion–$10.80 billion with a $10.55 billion midpoint that came in below elevated Street forecasts and triggered a decline in after‑hours trading.
- The board approved an extra $14 billion buyback, raising remaining repurchase authority to $15.5 billion, and the company disclosed five additional New Business Model agreements for a total of ten to lock in long‑term demand.
- Investors now want evidence at Investor Day that multiyear customer commitments, shipment volumes and NAND supply discipline can sustain margins because faster capacity additions from suppliers such as ChangXin could quickly reverse pricing gains.