Morgan Stanley Lifts SanDisk (SNDK) PT, Maintains Overweight Amid Memory Stock Concerns.

However, Morgan Stanley contends that this marketplace absorption is unwarranted and does not interaction the firm’s fundamental, affirmative presumption of the wide sector. The steadfast argues that reports indicating a tightening proviso of representation chips really constituent toward precise beardown net for these companies successful the adjacent future.

Earlier successful the aforesaid month, SanDisk Corporation announced a beardown fiscal show for FQ1 2026 earnings, wherever the institution achieved a grounds gross of $2.3 billion, a sequential summation of 21% and a year-over-year emergence of 23%. Non-GAAP EPS saw a leap to $1.22, up from $0.29 successful the anterior quarter. The institution besides reduced Inventory Days from 135 to 115. The institution present projects gross to beryllium betwixt $2.55 and $2.65 cardinal successful FQ2.

Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells information retention devices and solutions utilizing NAND flash exertion successful the US, Europe, the Middle East, Africa, Asia, and internationally.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.