SanDisk
Corporation (NASDAQ:SNDK),
a global leader in flash storage solutions, today provided preliminary
revenue results for its fourth fiscal quarter ended December 28, 2014.
The company estimates total revenue to be approximately $1.73 billion,
lower than the previously forecasted revenue range of $1.80 billion to
$1.85 billion. The lower revenue was primarily due to weaker than
expected sales of retail and iNAND products. Non-GAAP gross margin for
the fourth fiscal quarter is expected to be approximately 45% compared
to the previously guided range of 47% to 49%.
On Wednesday, January 21, 2015, SanDisk will publish its fourth quarter
fiscal 2014 financial results press release via business wire after the
close of market, and will hold its earnings conference call at 2 p.m.,
Pacific time. To listen to the January 21, 2015 conference call, please
dial 785-830-7989, password 9225981, at least 10 minutes before the call
commences. The conference call will also be available on a listen-only
mode webcast, and it can be accessed live from SanDisk’s website at www.sandisk.com/ir.
A replay of the webcast will also be made available, on-demand,
following the conclusion of the conference call.
A reconciliation of expected non-GAAP gross margin to expected GAAP
gross margin for the fourth fiscal quarter is available on our website
at www.sandisk.com/IR.
Forward-Looking Statements
This news release contains certain forward-looking statements, including
those regarding our preliminary revenue and non-GAAP gross margin
results for the fourth quarter of fiscal year 2014. The preliminary
financial information provided in this press release is based on
management’s initial review of operations for the quarter and is subject
to our normal quarter- and year-end accounting review and the review and
subsequent audit by our independent registered public accounting firm.
The preliminary financial information is based on our current
expectations and is subject to numerous risks and uncertainties that may
cause these forward-looking statements to be inaccurate.
Risks that may cause these forward-looking statements to be inaccurate
include, among others:
-
that our preliminary results could be adjusted or otherwise change
after our normal quarter- and year-end accounting review and the
review and subsequent audit by our independent registered public
accounting firm; and
-
the other risks detailed from time-to-time under the caption “Risk
Factors” and elsewhere in our Securities and Exchange Commission
filings and reports, including, but not limited to, our Quarterly
Report on Form 10-Q for the fiscal quarter ended September 28, 2014.
All statements made in this press release are made only as of the date
of this release. We undertake no obligation to update the information in
this release in the event facts or circumstances change after the date
of this release.
About SanDisk
SanDisk Corporation (NASDAQ:SNDK), a Fortune 500 and S&P 500 company, is
a global leader in flash storage solutions. For more than 25 years,
SanDisk has expanded the possibilities of storage, providing trusted and
innovative products that have transformed the electronics industry.
Today, SanDisk’s quality, state-of-the-art solutions are at the heart of
many of the world's largest data centers, and embedded in advanced smart
phones, tablets and PCs. SanDisk’s consumer products are available at
hundreds of thousands of retail stores worldwide. For more information,
visit www.sandisk.com.
© 2015 SanDisk Corporation. All rights reserved. SanDisk is a trademark
of SanDisk Corporation, registered in the United States and other
countries.
Copyright Business Wire 2015