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30/10/2026
SanDisk first-quarter data center business revenue was $4.8 billion.
Latest
5 m ago
SanDisk (SNDK.O) reported fiscal 2027 Q1 revenue of $11.03 billion, versus market expectations of $10.68 billion; adjusted earnings per share of $49.51, versus market expectations of $46.27. Data center business revenue reached $4.8 billion, up 61% quarter-over-quarter, driven primarily by enterprise SSD demand fueled by AI infrastructure buildout. The company said product demand is strong and continuing to grow, with data center business growth further accelerating; driven by tight memory product supply, the company was able to raise prices significantly, with Q1 adjusted gross margin reaching 85.1%, up from 84.6% in the previous quarter. The company expects fiscal 2027 Q2 revenue of $12.2 billion to $12.6 billion, versus market expectations of about $12.3 billion, with adjusted gross margin expected at 84.5% to 85.5%. SanDisk shares have risen more than 450% year to date, and the company will implement an 8-for-1 stock split on November 19.
7 m ago
Starbucks CEO Brian Niccol: Relative to the guidance we provided for fiscal 2028, we may be a year ahead.
9 m ago
Symbotic: Walmart has the right to recommend one individual for nomination to the company's board of directors until its shareholding exceeds a 5% equity interest.
10 m ago
Stryker's stock decline widened to 11%.
11 m ago
On Thursday, the Bloomberg Electric Vehicle Price Return Index fell 1.59% to 2,901.57 points, edging slightly higher in early Asia-Pacific trading before steadily declining. Among its constituents, Aurora Innovation dropped 13.46%, Mobileye Global Inc. fell 9.21%, Hesai Technology declined 6.22%, Lucid Group fell 6.16%, ANTAM Persero dropped 4.64%, and H-shares of Geely Automobile Holdings fell 4.37%, while Horizon Robotics fell 4.14%, marking the seventh-largest decline. Of the eight constituents that closed higher, Volvo rose 0.95%, STMicroelectronics' Paris-listed shares gained 1.93%, and Porsche P911 rose 3.22%.
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