SanDisk Q4 Revenue Jumps 51% to $8.97B, Gross Margin 84.6%, Buyback Rises
SanDisk’s Q4 revenue jumped 51% sequentially to $8.97 billion and gross margin expanded to 84.6%. The company repurchased $4.5 billion of stock and increased its buyback authorization by another $14 billion. The piece argues this strengthens a bullish view even as investors worry the NAND cycle is nearing its peak.