Sandisk's gains widen to 11%, with total market capitalization surpassing $200 billion

After the US stock market closed on April 30, SanDisk reported its third-quarter financial results, which far exceeded market expectations. On top of a 97% quarter-on-quarter increase in Q3, the company still expects the median revenue for Q4 to grow by another 35% quarter-on-quarter. In terms of specific financial data: revenue reached $5.95 billion, nearly double the previous quarter and significantly higher than analysts' expectations of $4.72 billion; adjusted earnings per share came in at $23.41, well above the market expectation of $14.51. The company expects Q4 revenue to reach between $7.75 billion and $8.25 billion, with a median of about $8 billion, markedly above the market expectation of $6.65 billion; adjusted EPS is expected to be between $30 and $33, also higher than analysts' expectations of $24.6.