In last night's earnings report, SanDisk
While the raw numbers look superb, I really wanted to see a return to improving margins. But trailing-12-month (TTM) gross margins dipped by 0.5 percentage points to 39.5%, and operating and net margins stayed relatively flat at 22.7% and 13.9%, respectively.
Mind you, the numbers I'm talking about are about as good as it gets in the markets where SanDisk makes a living. Apple
The conference call made no mention of Freescale
With a process shrink to 70-nanometer technology under its belt, SanDisk is making its memory chips at ever-lower cost, and the joint fabrication plant deal signed with Toshiba should ensure a healthy future supply even as worldwide memory demand keeps growing like those dollar weeds in the backyard. I'd like to see the company tighten up its margins a bit more, but maybe I'm just being picky. SanDisk is doing great just the way it is.
Further Foolish reading:
- SanDisk is No. 2 in portable music players. Guess who's No 1.
- Micron is doing its best SanDisk impression.
- But SanDisk has Skype on its side.
- Should SanDisk fear the MRAM?
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Fool contributor Anders Bylund holds no position in the companies discussed here. He also went out of his way not to get a phone that can take pictures or play music -- he'd play with it all the time. Foolish disclosure fits on any size memory card. You can check out Anders' holdings for yourself.