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Sandisk Corporation (SNDK) posted a strong fiscal fourth quarter, with revenue of $8.97 billion, up 51% from the prior quarter and 372% from a year earlier. For the full fiscal year, revenue climbed 175% to $20.25 billion as AI-related data-center storage demand increased and NAND prices improved.
Still, investors focused on the outlook. SNDK stock fell 3% in Wednesday’s extended session after management guided for Q1 revenue of $10.3 billion to $10.8 billion. The midpoint was below the roughly $10.82 billion analysts expected, which took some shine off the company’s strong Q4 results.
