Microsoft shares jump after fourth-quarter earnings beat on AI-fueled cloud growth
Investing.com -- SanDisk Corporation officially began trading as an independent public company on Monday following its separation from Western Digital (NASDAQ:WDC).
The flash memory and NAND innovator now trades on the Nasdaq under the ticker symbol “SNDK.”
“We are excited to embark on this new chapter for SanDisk,” said CEO David Goeckeler, emphasizing that NAND technology is at the heart of innovation.
The company sees AI-driven demand and disciplined supply management as key growth factors, focusing on profitability rather than market share gains.
SanDisk’s Investor Day last week reinforced its commitment to long-term growth, targeting a 20% operating margin and $1.2 billion in free cash flow at $10 billion in revenue.
The company is also advancing next-generation BiCS8 process technology, a crucial enabler for future NAND developments.
Meanwhile, Western Digital also reaffirmed its strategic vision following the separation.
The company remains focused on cloud storage and HDD innovation, with 88% of revenue expected to come from cloud storage by FY25.
CEO Irving Tan highlighted advancements in ePMR and HAMR technologies, aimed at improving total cost of ownership (TCO) for enterprise customers.
Rosenblatt analysts noted that Western Digital’s strategic shift is well-positioned for AI-driven storage demand, while SanDisk’s approach to capital efficiency and proactive supply adjustments should drive long-term profitability.