Jun 2026 (Q4 FY26) — Aug 5, 2026
Sandisk Q4 FY26 — Record Revenue, Margin, and EPS Driven by AI Demand and NBMs
Read the full callSandisk (SNDK) earnings
- Jul 2026
- Jun 2026 (Q4 FY26)
- Jul 2026
Sandisk earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8,965 | +371.6% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 78.5 | +77.5 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6,903 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
43 of 48 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| BiCS 8 share of bit production exiting the fiscal year | 40% to 50% of bits | Mar 2025 | this year we ramped BiCS 8 to the majority of our bit production, delivering industry-leading performance, density and power efficiency across both TLC and QLC | Achieved |
| QLC share of the product portfolio exiting the fiscal year | from 20% to 40% of our business | Sep 2025 | Ghosted | |
| Fiscal year gross capital expenditures as a percentage of revenue | above our through-cycle target model of mid-teens percentage of revenue | Mar 2025 | Gross capital expenditures totaled $562 million, representing 6.3% of revenue. | Diluted |
5 of Sandisk Corp's 71 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 68 more targets are in the full ledger.
Claimed
- Record revenue of $8,965 million, above guidance of $7,750M-$8,250M.
- Non-GAAP gross margin of 84.6%, exceeding guidance of 79%-81%.
- Non-GAAP EPS of $39.25, above guidance of $30-$33.
- Repurchased $4.5 billion of company stock in the quarter.
- Signed 5 additional New Business Models (NBMs), bringing total to 8 customers with a weighted average duration of over 4 years.
Qualified
- Consumer revenue declined 32% sequentially to $556 million.
- PCs and smartphones are working through a period of adjustment, with units down mid-teens for both in CY26.
Price
$1,371.12 +5.53% · +$71.82
Performance +878.3% 1Y
1Y: $140.16 on 17 Oct 2025 → $1,371.12. High $2,335 (25 Jun 2026), low $140.16 (17 Oct 2025).
- Previous close
- $1,299.3
- 52-week range
- $146.95 – $2,335
- One year
- +826.18%
Overview
- Symbol
- SNDK
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
43 of 48 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| BiCS 8 share of bit production exiting the fiscal year | 40% to 50% of bits | Mar 2025 | this year we ramped BiCS 8 to the majority of our bit production, delivering industry-leading performance, density and power efficiency across both TLC and QLC | Achieved |
| QLC share of the product portfolio exiting the fiscal year | from 20% to 40% of our business | Sep 2025 | Ghosted | |
| Fiscal year gross capital expenditures as a percentage of revenue | above our through-cycle target model of mid-teens percentage of revenue | Mar 2025 | Gross capital expenditures totaled $562 million, representing 6.3% of revenue. | Diluted |
Claimed
- Record revenue of $8,965 million, above guidance of $7,750M-$8,250M.
- Non-GAAP gross margin of 84.6%, exceeding guidance of 79%-81%.
- Non-GAAP EPS of $39.25, above guidance of $30-$33.
- Repurchased $4.5 billion of company stock in the quarter.
- Signed 5 additional New Business Models (NBMs), bringing total to 8 customers with a weighted average duration of over 4 years.
Qualified
- Consumer revenue declined 32% sequentially to $556 million.
- PCs and smartphones are working through a period of adjustment, with units down mid-teens for both in CY26.
The full ledger
Open Sandisk Corp’s full ledger
A free account opens 5 company ledgers a month. All 71 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q3 FY26) — Apr 30, 2026
Sandisk Q3 FY26 — Strong Performance Driven by New Business Models and Data Center Growth
Read the full callDec 2025 (Q2 FY26) — Jan 29, 2026
Sandisk Q2 FY26 — Strong Revenue Beat Driven by AI Demand and Pricing
Read the full callEvery analysed call
Sandisk earnings calls (SNDK)
Financials
What the filings say
Net profit, year on year: +30113% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,883 | 1,876 | 1,695 | 1,901 | 2,308 | 3,025 | 5,950 | 8,965 |
| Operating profit | 291 | 195 | -1,881 | 18 | 176 | 1,065 | 4,111 | 7,037 |
| Operating margin | 15.4% | 10.4% | −111.0% | 0.9% | 7.6% | 35.2% | 69.1% | 78.5% |
| Other income | -24 | -22 | -20 | -36 | -52 | -128 | -4 | 812 |
| Interest | 2 | 4 | 16 | 41 | 40 | 25 | 6 | 2 |
| Profit before tax | 267 | 173 | -1,901 | -18 | 124 | 937 | 4,107 | 7,849 |
| Tax rate | 21.0% | 39.9% | −1.7% | −27.8% | 9.7% | 14.3% | 12.0% | 12.1% |
| Net profit | 211 | 104 | -1,933 | -23 | 112 | 803 | 3,615 | 6,903 |
| EPS ($ per share) | 1.46 | 0.72 | -13.33 | — | 0.77 | 5.46 | 24.43 | — |
| Line item | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|
| Equity capital | — | 0 | 1 | 1 |
| Reserves | — | 0 | -1,784 | 9,649 |
| Total liabilities | — | 2,424 | 3,769 | 6,771 |
| Fixed assets | — | 791 | 619 | 674 |
| Total assets | — | 13,506 | 12,985 | 22,507 |
| Line item | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|
| Cash from operations | -713 | -309 | 84 | 11,671 |
| Cash from investing | -189 | 210 | 556 | -1,386 |
| Cash from financing | 860 | 136 | 518 | -7,001 |
| Net cash flow | -43 | 36 | 1,153 | 3,281 |
| Capital expenditure | -219 | -166 | -204 | -177 |
| Free cash flow | -932 | -475 | -120 | 11,494 |
SNDK revenue by segment
| Segment | Q2 FY2025 | Q3 FY2025 | FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
SNDK operating KPIs by quarter
| KPI | Jun 2025 Q4 FY25 | Sep 2025 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|
| Capital expenditures Back-end operations and offices | $45MThis included $94 million from operations and $28 million cash received from our activities related to flash ventures, partially offset by $45 million invested in our back-end operations and offices.Source: earnings call transcript | $50MThis included $488 million cash from operations and $10 million cash received from our activities related to Flash Ventures, partially offset by $50 million invested in our back-end operation and offices.Source: earnings call transcript | +11.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q3 FY2026 · share of revenue
- Asia 72% ↑ 14 pt
- Americas 20%
- EMEA 8% ↓ 13 pt
As SNDK cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
151 filings between Oct 20, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$133.77M
76 sales by 7 insiders
91% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 12
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 58
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Goeckeler David | — | $104.97M | Sep 17, 2026 |
| Ilkbahar Alper | — | $11.40M | Sep 3, 2026 |
| Shek Bernard | — | $9.03M | Oct 1, 2026 |
| Pokorny Michael | — | $3.49M | May 12, 2026 |
| Suzuki Miyuki | — | $2.20M | Feb 25, 2026 |
| Visoso Luis Felipe | — | $1.57M | Sep 15, 2026 |
| Sayiner Necip | — | $1.12M | May 8, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Shek Bernard Chief Legal Officer and Secty | Sale 10b5-1 plan | 600 | $1.04M |
| Sep 20, 2026 | Shek Bernard Chief Legal Officer and Secty | Tax withheld | 118 | $211.4K |
| Sep 17, 2026 | Pokorny Michael VP, Chief Accounting Officer | Award | 458 | $0 |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 2,778 | $4.38M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 9,604 | $15.07M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 165 | $261.9K |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 910 | $1.43M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 1,520 | $2.41M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Award 10b5-1 plan | 3,296 | $0 |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 2,588 | $4.07M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 4,139 | $6.53M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 2,876 | $4.54M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 1,157 | $1.82M |
| Sep 17, 2026 | Shek Bernard Chief Legal Officer and Secty | Award | 1,001 | $0 |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 1,480 | $2.34M |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 4,558 | $7.16M |
| Sep 17, 2026 | Visoso Luis Felipe EVP & CFO | Award | 1,635 | $0 |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 40 | $62.7K |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 1,080 | $1.71M |
| Sep 17, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Award | 1,619 | $0 |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 306 | $481.4K |
| Sep 17, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 640 | $1.01M |
| Sep 15, 2026 | Visoso Luis Felipe EVP & CFO | Sale 10b5-1 plan | 1,000 | $1.57M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 3,075 | $4.69M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 700 | $1.07M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 2,280 | $3.48M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 14,364 | $21.87M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 181 | $275.6K |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 4,080 | $6.24M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 359 | $549.0K |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 1,200 | $1.84M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 3,200 | $4.92M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 1,695 | $2.60M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 1,480 | $2.28M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 864 | $1.33M |
| Sep 14, 2026 | Goeckeler David Chairman & CEO | Sale 10b5-1 plan | 360 | $555.1K |
| Sep 8, 2026 | Shek Bernard Chief Legal Officer & Secty | Sale 10b5-1 plan | 2,308 | $4.08M |
| Sep 3, 2026 | Visoso Luis Felipe EVP & CFO | Tax withheld | 5,838 | $9.08M |
| Sep 3, 2026 | Shek Bernard Chief Legal Officer & Secty | Tax withheld 10b5-1 plan | 2,271 | $3.53M |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 120 | $184.0K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 68 | $103.3K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 80 | $122.8K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 2,594 | $4.00M |
| Sep 3, 2026 | Goeckeler David Chairman & CEO | Tax withheld | 10,540 | $16.39M |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 40 | $60.5K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 80 | $122.9K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 52 | $78.9K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 160 | $246.0K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 80 | $121.7K |
| Sep 3, 2026 | Ilkbahar Alper EVP & Chief Technology Officer | Sale 10b5-1 plan | 80 | $123.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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