SanDisk Expects Second-Quarter Revenue of $12.2 Billion to $12.6 Billion, Versus $12.1 Billion Market Estimate

SanDisk expects second-quarter revenue of $12.2 billion to $12.6 billion, compared with an analyst estimate of $12.1 billion. It forecasts adjusted gross margin of 84.5% to 85.5%, versus an estimate of 84.8%, and adjusted earnings per share of $55 to $57, versus an estimate of $52.72. It also expects adjusted operating expenses of $540 million to $560 million. In its first quarter, SanDisk reported revenue of $11.03 billion, above the $10.69 billion estimate. Data center revenue was $4.8 billion, edge business revenue was $5.83 billion, and consumer business revenue was $397 million. Adjusted earnings per share were $49.51, versus an estimate of $46.36, and GAAP earnings per share were $52.60. Cash and cash equivalents were $5.14 billion, versus an estimate of $9.39 billion, and free cash flow was $6.31 billion. Adjusted gross margin was 85.1%, versus an estimate of 84.5%. (Cailian Press)