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SanDisk, Western Digital quarterly results beat expectations as AI, cloud storage demand surges

SanDisk and Western Digital posted quarterly results that beat market expectations. The companies benefited as rising AI and cloud data centre demand lifted flash storage prices. SanDisk reported fiscal second-quarter revenue of $3.025 billion, up 31 percent, and adjusted earnings of $6.20 per share. Western Digital posted revenue of $3.017 billion, up 25 percent, and adjusted earnings of $2.13 per share, and provided a fiscal third-quarter outlook.