SanDisk (SNDK) guides on its Q3 CC (webcast) for Q4 revenue of $1.65B-$1.725B; the midpoint is above a $1.67B. In addition, the NAND flash product vendor is guiding for a gross margin of 48%-50%, up from 39.9% a year earlier.
Thanks to a favorable NAND supply/demand balance and strong mobile device/SSD demand, Q3 gross margin was 50.1%, up from 46.7% in Q2 and 31% a year earlier. Strong margins helped fuel SanDisk's big EPS beat, as did $1.07B in buybacks ($1B of which came from an accelerated repurchase program).
As Micron recently indicated, NAND pricing is expected to soften a bit in Q4, but has been healthy thus far in 2013
Q3 results, PR