Sandisk Corp. (SNDK) on Thursday reported third-quarter results, swinging to profit as revenues soared 251%, driven by strong pricing and accelerating demand from high-value data-center customers.
Revenue for the quarter was $5.95 billion, compared to $1.70 billion in the same period last year. The company reported net income of $3.62 billion, or $23.03 per share, versus a net loss of $1.93 billion, or $13.33 per share, a year ago.
On an adjusted basis, earnings were $23.41 per share, compared to a loss of $0.30 per share last year.
Looking ahead, the company expects fourth-quarter revenue between $7.75 billion and $8.25 billion, with adjusted earnings projected in the range of $30.00 to $33.00 per share.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.