Data Center Revenue $3.0B vs Est. $2.6BOperating Income $7.0B vs Est. $6.4B
Adjusted gross margin 84.6%, estimate 81.5%Free cash flow $7.08 billionAnd while historical were fine, it was the company's Q1 guidance that sent its stock tumbling after hours: Sees revenue $10.30 billion to $10.80 billion, far below the median estimate of $11.16 billion Sees adjusted EPS $44.00 to $46.00, a midline also below the estimate $45.58Commenting on the results, SNDK said that "as the cloud and other data-intensive workloads continue to expand, we remain confident in the long-term growth trajectory of our business, further margin expansion, and strong free cash flow generation."Perhaps, although one look at prevailing NAND prices indicates that the peak is now well in the rearview mirror...... and the market agrees with the stock, which surged about 40% in the past few days since the Citadel takeover of the Situational Awareness hedge fund, sliding and back to about half of its all time high hit in early June.
