View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
October 24, 2010

SanDisk Q3 revenue up 32% to $1.23bn

Posts net income of $322.1m in Q3 2010

By CBR Staff Writer

SanDisk has reported revenue of $1.23bn for the third quarter of 2010, an increase of 32% on a year-over-year basis and an increase of 5% on a sequential basis.

Product revenue was $1.14bn, up 40% year-over-year and up 4% sequentially. License and royalty revenue was $96m, down 21% year-over-year and up 9% sequentially.

For the quarter, operating income was $432m compared to operating income of $240m in the third quarter of 2009.

Net income for the third quarter of 2010 was $322.1m, or $1.34 per diluted share, compared to net income of $231.3m, or $0.99 per share in the third quarter of 2009.

SanDisk chairman and CEO Eli Harari said the company delivered outstanding results for the third quarter, driven by continued strength in their OEM and retail businesses.

"Solid execution, stable pricing and substantial cost reductions led to record high operating and net income and our highest ever total gross margin of 52%," Harari said.

Content from our partners
Why all businesses must democratise data analytics
How start-ups can take the next step towards scaling up
Unlocking the value of artificial intelligence and machine learning

"For 2011, we are bullish about continuing growth in our diversified channels, including further substantial inroads for our embedded storage products in smartphones, tablet PC’s and other mobile devices."

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU