SanDisk Corporation (NASDAQ:SNDK) riding the high wave courtesy SSD

SanDisk Corporation (NASDAQ:SNDK) revealed its third quarter earnings and the revealed figures may become a cause of concern for the competitors. The revenue has gone up 7.5%, as compared to last year’s revenue for the same quarter. In fact, this quarter has even exceeded the last quarter’s guidance sales, because of the major boost it receives from solid state drive sales. Guidance grew up 48% to a hefty $480 million. An approximate 27% of this revenue has come from solid state drive sales. In the last quarter, it was 7% percent; hence a 20% growth has been seen. There has also been a rising demand for custom embedded storage products, which has resulted in another 32% raise in embedded storage revenues.

SanDisk Corporation (NASDAQ:SNDK) has always owed some of its growth to SSD. Last year in the same quarter, SSDs generated 19% of the revenue for SanDisk (NASDAQ:SNDK). SSD sales continue to surge on a year to year basis for SanDisk (NASDAQ:SNDK). SanDisk Corporation (NASDAQ:SNDK) is certain that by 2015, they will make $1 billion from enterprise SSD sales. SanDisk Corporation (NASDAQ:SNDK) expects that SSD will keep raging in the 4^th quarter aswell, because of the rising demand for flash oriented storage products.

SanDisk Corporation (NASDAQ:SNDK) believes that it has all what it takes in the digital storage industry, especially the largest portfolio in flash based solutions. Fusion-io’s acquisition by SanDisk Corporation (NASDAQ:SNDK) will also start to show vivid impact by next year. SanDisk (NASDAQ:SNDK)’s wafer production increased by 5% because of the growing demand in storage bit category. The revenue for wafer and components has also increased by 6 %, reaching up to $100 million for this quarter.

There are a few out on declined figures that were revealed in the report. Embedded storage revenues went down for SanDisk Corporation (NASDAQ:SNDK) by 16% to $420 million in this quarter; although they’ve had a nice run in June when embedded storage revenues grew by 32%. However, it is being predicted that SanDisk Corporation (NASDAQ:SNDK) will lose about 8-9 percent of its embedded storage revenues as compared to last year.

SanDisk Corporation (NASDAQ:SNDK) is also aiming at the 3D market by teaming up with the tech giant Toshiba to squeeze rival Samsung (OTC: SSNLF). Samsung (OTC: SSNLF) is a tech giant that poses a threat to every tech company in the market. Acquisition of Fusion-io has cost them some revenue but it’s expected to pay off by next year.

SanDisk Corporation (NASDAQ:SNDK) has become a well known name in the market. Its consistent growth, remarkable revenue figures and quality products are second to none. The company needs to keep its sales steady and focus on generating capital. The digital market is competitive, and a company can’t be complacent, especially SanDisk Corporation (NASDAQ:SNDK) which is still growing. Analysts and tech gurus forecast that the company will resume its growth in the fourth quarter also. Even with a few setbacks; once SanDisk Corporation (NASDAQ:SNDK) covers these loopholes, it’ll become a major corporation in the tech market.