MILPITAS, Calif., April 3. 2012- SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, provided preliminary revenue results for its first fiscal quarter of 2012 ended April 1, 2012. Due to weaker than expected pricing and demand, the company estimates total revenue to be approximately $1.2 billion, down from the previously forecasted revenue range of $1.30 billion to $1.35 billion. Total gross margin is also expected to be below the previously guided range of 39 to 42 percent. SanDisk will release its first-quarter financial results and provide business commentary at its earnings conference call to be held on April 19, 2012.
SanDisk Corporation (NASDAQ: SNDK) is a global leader in flash memory storage solutions, from research and development, product design and manufacturing to branding and distribution for OEM and retail channels. Since 1988, SanDisk's innovations in flash memory and storage system technologies have provided customers with new and transformational digital experiences. SanDisk's diverse product portfolio includes flash memory cards and embedded solutions used in smart phones, tablets, digital cameras, camcorders, digital media players and other consumer electronic devices, as well as USB flash drives and solid-state drives (SSD) for the computing market. SanDisk's products are used by consumers and enterprise customers around the world.
SanDisk is a Silicon Valley-based S&P 500 and Fortune 500 company, with more than half its sales outside the United States. For more information, visit www.sandisk.com.
This news release contains certain forward-looking statements, including statements about our preliminary revenue and gross margin results for the first quarter of fiscal year 2012. The preliminary financial information provided in this press release is subject to our normal quarter-end accounting review and review 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 and may harm our business, financial condition and results of operations. Risks that may cause these forward-looking statements to be inaccurate include among others:
All statements made in this press release are made only as of the date set forth at the beginning of this release. We undertake no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of the release.
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