Sandisk and Western Digital report higher third-quarter profits

13 articles · Updated · The Wall Street Journal · Apr 30

Sandisk posted $3.62bn profit on $5.95bn revenue, while Western Digital earned $3.21bn on $3.34bn, both beating analyst estimates.
Both credited booming AI data-centre demand, with Sandisk saying data-centre revenue more than tripled and Western Digital highlighting hard-disk demand across AI workloads.
Both forecast stronger fourth quarters than Wall Street expected; Sandisk approved a $6bn buyback and Western Digital raised its quarterly dividend 20%, though both shares fell after hours.

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