SanDisk Reports Strong Q3 Revenue Growth but Shares Decline
SanDisk reported a significant revenue surge in the third quarter, driven by strong datacenter demand and pricing improvements. Despite outperforming Wall Street expectations with $5.95 billion in revenue (up from $1.84 billion last year), shares fell around 5% in premarket trading.
Tickers: $SNDK
Topics: AI datacenter demand memory pricing revenue growth stock performance