SNDK

SanDisk
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SNDK

Arincen91/100B

SanDisk financials

Yes. SanDisk earned 19.42B USD of net income over the last twelve months, 67.0% of its revenue. It made a profit in 3 of its 6 fiscal years since 2016. Its last loss was in fiscal year 2025.

Revenue (TTM)
28.97B USD
Net income (TTM)
19.42B USD
Free cash flow (TTM)
17.37B USD
Cash and short-term investments
4.76B USD
Total debt
393.00M USD
Shareholders' equity
15.74B USD

Cash, debt and equity as of 3 Jul 2026.

SanDisk earnings

Next earnings · Q2 FY2027
EPS estimate
56.97 USD
Revenue estimate
12.48B USD
Last quarter · Q1 FY2027
EPS49.51Beat +6.1%Revenue11.03BBeat +2.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY202872.51———15.15B———
Q2 FY202874.03——+29.94%15.61B——+25.09%
Q1 FY202869.28——+39.93%14.78B——+33.96%
Q2 FY202756.97——+818.87%12.48B——+312.51%
Q1 FY202746.6749.51+6.09%+3,958.20%10.72B11.03B+2.92%+377.95%
Q4 FY202634.9639.25+12.27%+13,434.48%8.48B8.97B+5.74%+371.59%
Q3 FY202614.6223.41+60.12%—4.72B5.95B+26.06%+251.03%
Q2 FY20263.626.20+71.27%+404.07%2.69B3.03B+12.55%+61.25%
Q1 FY20260.881.22+38.17%—2.15B2.31B+7.25%—
Q4 FY20250.050.29+522.18%—1.82B1.90B+4.23%—

SanDisk growth and profitability

Full income statement
Revenue (TTM)
28.97B USD
Net income (TTM)
19.42B USD
Gross margin
79.95%
Operating margin
72.46%
Net margin
67.04%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202620.25B+175.30%11.43B—71.47%61.19%56.46%13.24B—
FY20257.36B+10.39%-1.64B—30.07%-18.72%-22.31%-1.25B—
FY20246.66B+9.48%-672.00M—16.09%-7.02%-10.09%-239.00M—
FY20236.09B-37.61%-2.14B-301.41%7.07%-33.44%-35.21%-1.52B-187.48%
FY20229.75B+75.28%1.06B+173.89%33.26%12.30%10.91%1.74B+26.16%

How SanDisk makes its money

Edge12.16B 60.1%
Datacenter5.15B 25.4%
Consumer2.94B 14.5%
Revenue20.25B 100.0%
Cost of revenue5.78B 28.5%
Gross profit14.47B 71.5%
Research and development1.33B 6.6%
Selling and administration676.00M 3.3%
Other operating expenses79.00M 0.4%
Operating income12.39B 61.2%
Tax1.58B 7.8%
Net income11.43B 56.5%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

SanDisk revenue breakdown

By product

FY2026
Edge: 60.1%Datacenter: 25.4%Consumer: 14.5%60.1%Edge25.4%Datacenter14.5%Consumer
SegmentRevenueShare of revenueChange on the year
Edge12.16B60.1%—
Datacenter5.15B25.4%—
Consumer2.94B14.5%+29.4%

By region

FY2026
HONG KONG: 25.3%Rest of Asia: 22.8%China: 22.2%United States: 18.3%EMEA: 8.6%Other Geographical: 2.8%25.3%HONG KONG22.8%Rest of Asia22.2%China18.3%United States8.6%EMEA2.8%Other Geographical
RegionRevenueShare of revenueChange on the year
HONG KONG5.13B25.3%+294.0%
Rest of Asia4.61B22.8%+313.3%
China4.50B22.2%+120.7%
United States3.71B18.3%+156.7%
EMEA1.73B8.6%+35.3%
Other Geographical561.00M2.8%+228.1%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY202611.67B11.49B
FY202584.00M-120.00M
FY2024-309.00M-475.00M
FY2023-713.00M-932.00M
FY20221.15B741.00M
FY20161.05B623.89M

SanDisk financial health

Full balance sheet
Cash and short-term investments
4.76B USD
Total debt
393.00M USD
Net cash
4.37B USD
Free cash flow (TTM)
17.37B USD
Current ratio
2.29
Debt to equity
0.02
Piotroski score
7 / 9
Altman Z-score
14.61

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20264.76B393.00M11.49B
FY20251.48B2.04B-120.00M
FY2024328.00M985.00M-475.00M
FY2023292.00M1.02B-932.00M
FY2022335.00M950.00M741.00M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202622.51B6.77B15.74B
FY202512.99B3.77B9.22B
FY202413.51B2.42B11.08B
FY202313.82B2.38B11.44B
FY202215.76B2.78B12.98B
FY20169.23B3.49B5.74B

SanDisk valuation

Price to earnings ratio (TTM)
6.52
Forward P/E (FY2027)
3.81
Price to sales (TTM)
4.25
Price to book
7.82
EV / EBITDA (TTM)
5.44

Capital structure

Market capitalization
123.02B USD
+
Total debt
393.00M USD
−
Cash and short-term investments
4.76B USD
=
Enterprise value
118.65B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)2.88————
FY2028 (est.)2.972.88———
FY2027 (est.)3.812.97———
Now (TTM)6.523.454.257.825.44
FY202622.447.6912.6716.3019.05
FY2025-4.170.710.930.74-5.90
FY2024-7.71—0.780.47-24.44
FY2023-2.42—0.850.45-3.88
FY20224.87—0.530.403.33

SanDisk against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Western Digital, Arista Networks, Dell Technologies, Hewlett Packard Enterprise, Everpure, and NetApp, the US Computer Hardware companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years71.5%
    7.1%71.5%
    Against its peers: 1 of 7Peers' median 56.5%
  • Operating marginHighest in 5 years61.2%
    -33.4%61.2%
    Against its peers: 1 of 7Peers' median 16.0%
  • Net marginHighest in 5 years56.5%
    -35.2%56.5%
    Against its peers: 2 of 7Peers' median 11.8%
  • Return on equityHighest in 5 years72.7%
    -18.7%72.7%
    Against its peers: 3 of 6Peers' median 28.4%
  • Free cash flow marginHighest in 5 years56.8%
    -15.3%56.8%
    Against its peers: 1 of 7Peers' median 21.9%
  • Revenue growthHighest in 5 years175.3%
    -37.6%175.3%
    Against its peers: 1 of 7Peers' median 17.2%
  • Current ratioAbove its median2.29
    1.563.56
    Against its peers: 2 of 7Peers' median 1.38

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

SanDisk ownership

Institutions
75.48%
Institutional holders
1,956 (+679)
Free float
98.68%

Who owns the shares

Institutions 75.5% Others 24.5%
As of 30 Jun 2026

Shares free to trade

Free float 140.42M shares ·98.7% Closely held 1.87M shares ·1.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026020.001.52K
Q3 20260678.29K182.67K
Q2 2026060.0028.87K
Q1 20260114.50K24.99K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026147.00M155.00M+6.90%
FY2025145.00M145.00M0.00%
FY2024144.00M145.00M0.00%
FY2023144.00M145.00M+0.69%
FY2022144.00M144.00M-32.36%

Common questions about SanDisk's financials

Source: Financial Modeling Prep