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00:02SanDisk shares fell after the company reported fourth quarter results after the closing bell
00:07on Wednesday that beat analysts' estimates, according to Benzinga. The company reported
00:11fourth quarter adjusted earnings of $39.25 per share and revenue of $8.97 billion,
00:18beating analyst estimates on both metrics. Revenue surged from $1.9 billion in the prior
00:23year quarter, driven by a mixed shift toward higher-value customers, 437% growth in data
00:29center and higher pricing. The company also expanded its share repurchase authorization
00:34by $14 billion, bringing the total available for buybacks to $15.5 billion.
00:39CEO David Goeckler said SanDisk ended fiscal 2026 with a leading technology portfolio,
00:45stronger customer partnerships, and data center established as a key growth pillar.
00:49Shares fell 4.55% in extended trading following the earnings release,
00:53according to data from Benzinga Pro. For all things money, visit Benzinga.com.
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