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.
Related Articles
Western Digital completes SanDisk spin-off
Intel's Panther Lake chips face production challenges, says analyst
Baker Hughes names Ahmed Moghal as CFO
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。