TradingKey – Sandisk (SNDK) will report results for the fiscal year and quarter closed on Wednesday. The expectations for this report could not be higher. The company’s stock price has been very volatile. It has dropped 50% since the summer and has fallen from a price of $2,350 to around $1,438. While the management team is projecting revenue to be $7.75 – $8.25 billion with a non-GAAP EPS of $30 – $33, the market is expecting even greater things. Since a NAND supercycle increased company gross margins to 78%, the focus of this report will be if the company’s gross margins have the potential to decrease or remain the same.