Acquired Electronics360

Memory and Storage

SanDisk Revenues up 7% in 2014

22 January 2015

SanDisk Corp. reported its earnings Thursday (Jan. 22) rising to record revenue levels after shifting its business toward high-value products.

For 2014, SanDisk’s revenue rose to $6.63 billion, a 7 percent rise from $6.17 billion in the 2013. Net income in 2013 was $1.01 billion, compared to $1.04 billion in 2013. Meanwhile, for the fourth quarter of 2014, SanDisk earned revenue of $1.74 billion, slightly higher on a year-over-year basis but down 1 percent sequentially. Fourth quarter net income was $202 million, compared to $388 million in the fourth quarter of 2013 and $263 million in the third quarter of last year.

Sanjay Mehrortra, president and CEO at SanDisk, said in a statement the company was disappointed with its fourth quarter results but excited that it delivered record revenue in 2014 as the company “continued progress in shifting our portfolio towards high value solutions.” Mehrortra added with strong NAND flash fundamentals, SanDisk expects to improve upon its financials in 2015.

One of the strong areas of revenue growth in 2014 for SanDisk was in its solid state drive (SSD) products that represented 29 percent of all revenue for the year. This was based on strong growth from both the client and enterprise markets.

Questions or comments on this story? Contact dylan.mcgrath@ihs.com

Related links:

www.sandisk.com

IHS Compute, Servers & Storage

News articles:

SanDisk Hit by Court Injunction on Diablo Chipset

SanDisk Invests in LTE-Only Altair

SanDisk Revenue Grows 7% in Q3

SanDisk Unveils First X3 SSD

SanDisk Grabs Fusion-io in Billion-Dollar Storage Deal



Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement