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SanDisk (SNDK) guides on its Q1 call (webcast) for Q2 revenue of $1.35B-$1.4B and 2013 revenue...

SanDisk (SNDK) guides on its Q1 call (webcast) for Q2 revenue of $1.35B-$1.4B and 2013 revenue of $5.6B-$5.75B, largely above a consensus of $1.34B and $5.63B. Gross margin is expected to rise to 41%-43% in Q2, and 2013 gross margin guidance is now at 42%-44% (a 200 bps guidance hike). Q2 GM will benefit from higher prices and a weak yen, partly offset by lower royalties. SanDisk still forecasts 30%-40% NAND industry bit growth in 2013, and expects its own growth to be much lower, as it refrains from major capacity expansion. Shares now -0.6% AH. MU -0.4%. (previous)
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