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SanDisk reports layoffs at Israel R&D sites as fiscal Q4 revenue jumps 372% to $8.97 billion

AI Market Summary
SanDisk's reported Israel layoffs appear to be a targeted efficiency and R&D reallocation (shifting NVMe SSD work to India while Israel focuses on "Stargate") rather than demand weakness. Results show exceptional momentum: Q4 revenue +372% YoY, data center revenue more than doubled QoQ, and guidance up to $10.8B with very high gross margins. The news supports a constructive near-term fundamental read-through for SNDK despite post-rally sensitivity.
Impact level
● Medium
Affected assets
NCSKSNDK2USD/USDT+0.01%
AI Insight · NCSKSNDK2USD/USDTAI Insight
▲ Bullish
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SanDisk has cut dozens of development roles at its Israel R&D centers while posting a sharp jump in fiscal Q4 revenue to $8.97 billion and data center revenue of $2.98 billion. The company said it expects as much as $10.8 billion in revenue this quarter and is targeting roughly 80% gross margins and mid-to-high-teens revenue growth through fiscal 2030. Shares have surged 2,809% over the past year, and the stock trades at 7.18 times forward earnings versus a sector average of 23.21 times.
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