Inferra AI / Company / SNDK
SanDisk
SNDK · Information Technology
Last earnings Oct 29, 2026
Key results
Net incomequarter
$1.22
First quarter Non-GAAP diluted net income per share was $1.22.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Datacenter revenuequarter
26%
Datacenter revenue was up 26% sequentially, with two hyperscalers in qualification, a third hyperscaler and top storage OEM planned for CY26, and engagement with five major hyperscale customers.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Gross marginquarter
$687 million
Gross profit 687 726
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Research and developmentquarter
$316 million
Research and development 316 283
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Operating expensesquarter
$511 million
Total operating expenses 511 435
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Operating incomequarter
$176 million
Operating income 176 291
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
AI analysis
Q2 2026 · reported Nov 6, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $1.22 | $(23) million | — |
| Datacenter revenue | 26% | — | — |
| Gross margin | $687 million | $498 million | — |
| Research and development | $316 million | $285 million | — |
| Operating expenses | $511 million | $480 million | — |
| Operating income | $176 million | $18 million | — |
Guidance · company-stated
“($M) $2,550 to $2,650 $2,550 to $2,650”
“40.8% to 42.8% 41.0% to 43.0%”
“($M) $497 to $538 $450”
“Per Share N A $3.00 to $3.40”
Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.
Margin
Capital allocation
The Company considers Free cash flow and Adjusted free cash flow generated in any period to be useful indicators of cash that is available for strategic opportunities, including, among others, investing in the Company s business, making strategic acquisitions, repaying debt and strengthening the balance sheet.
These forward-looking statements include but are not limited to statements regarding Sandisk Corporation s (the Company s ) expectations related to operating as an independent company, its product and technology developments and all statements regarding the Company s expected future position, results of operations, cash flows, capital expenditures, and statements containing the use of forward-looking words, such as may, will, could, would, should, believe, anticipate, expect, estimate, continue, potential, plan, forecast, approximate, intend, target, and the like, or the use of the future tense of these or other similar words.
Event summary
SanDisk Q2 2026 — First quarter Non-GAAP diluted net income per share was $1.22.
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “Revenue ($M) $2,550 to $2,650 $2,550 to $2,650”
Gross Margin: “Gross Margin 40.8% to 42.8% 41.0% to 43.0%”
Operating Expenses: “Operating Expenses ($M) $497 to $538 $450”
Net Income: “Net Income Per Share N A $3.00 to $3.40”
Revenue (“Business Outlook”)
“Revenue ($M) $2,550 to $2,650 $2,550 to $2,650”
Gross Margin (“Business Outlook”)
“Gross Margin 40.8% to 42.8% 41.0% to 43.0%”
Operating Expenses (“Business Outlook”)
“Operating Expenses ($M) $497 to $538 $450”
Net Income (“Business Outlook”)
“Net Income Per Share N A $3.00 to $3.40”
Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.
Capital allocation
The Company considers Free cash flow and Adjusted free cash flow generated in any period to be useful indicators of cash that is available for strategic opportunities, including, among others, investing in the Company s business, making strategic acquisitions, repaying debt and strengthening the balance sheet.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
These forward-looking statements include but are not limited to statements regarding Sandisk Corporation s (the Company s ) expectations related to operating as an independent company, its product and technology developments and all statements regarding the Company s expected future position, results of operations, cash flows, capital expenditures, and statements containing the use of forward-looking words, such as may, will, could, would, should, believe, anticipate, expect, estimate, continue, potential, plan, forecast, approximate, intend, target, and the like, or the use of the future tense of these or other similar words.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
Also on February 21, 2025, in connection with the separation, the Company entered into a $ 1.5 billion revolving credit facility, which was undrawn at the separation date, and a $ 2.0 billion term loan facility.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
The Company used a portion of the proceeds received from the term loan facility and cash on hand to make a net distribution payment of $ 1.5 billion to WDC in exchange for assets, liabilities, and certain legal entities of WDC associated with the Company.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
The remaining outstanding balance of the Company s term loan facility was repaid in full on March 4, 2026.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
On February 18, 2026, WDC disposed of 5,821,135 outstanding shares of the Company through an exchange of Sandisk s common stock for WDC debt held by WDC creditors, which shares were sold by affiliates of the WDC creditors in a registered public offering by the Company.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
Strategy & priorities
In connection with the Company s strategic decision to outsource the manufacturing of certain components and assemblies, on September 28, 2024, the Company completed the sale of 80% of its equity interest in one of its manufacturing subsidiaries.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
The Company considers Free cash flow and Adjusted free cash flow generated in any period to be useful indicators of cash that is available for strategic opportunities, including, among others, investing in the Company s business, making strategic acquisitions, repaying debt and strengthening the balance sheet.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Risks & headwinds
These forward-looking statements are based on management s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward looking statements.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Legal Proceedings 49 Item 1A.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
The Company is subject to a number of known and unknown risks, uncertainties and other factors, many of which the Company is unable to predict or control, that may cause actual results, performance or plans to differ materially from those expressed or implied by these forward-looking statements.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
These estimates and assumptions have been applied using methodologies that are consistent throughout the periods presented, with consideration given to the potential impacts of current macroeconomic conditions, including the evolving impacts from tariffs.
SEC original ↗SanDisk — 10-Q Quarterly report10-QMay 1, 2026
What changed vs prior quarter
Net income — prior quarter passage and this quarter's passage are both cited.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Gross margin — prior quarter passage and this quarter's passage are both cited.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Research and development — prior quarter passage and this quarter's passage are both cited.
SEC original ↗SanDisk — Earnings release (8-K exhibit)EX-99Nov 6, 2025
Earnings deck slides
0 decks with slide viewSanDisk — Q4FY26 Earnings Presentation (Fiscal Q4 2026) — Slide view unavailable — the original PDF could not be retrieved for segmentation (HTTP Error 403: Forbidden).
Competitors
Competitors & peers
Named in the company’s own filings
Filings
25 documents- Q4 FY26
- 10-QSNDK
Oct 30, 2026
- 8-KSNDK
Oct 29, 2026
- Q2 2026
- 8-KSNDK
Sep 16, 2026
- 8-KSNDK
Sep 11, 2026
- 10-KSNDK
Aug 17, 2026
- 8-KSNDK
Aug 5, 2026
- Q1 2026
- 8-KSNDK
May 15, 2026
- 10-QSNDK
May 1, 2026
- 8-KSNDK
Apr 30, 2026
- Q4 2025
- 8-KSNDK
Mar 25, 2026
- 10-QSNDK
Jan 30, 2026
- 8-KSNDK
Jan 29, 2026
- 8-KSNDK
Jan 2, 2026
- Q3 2025
- 8-KSNDK
Nov 20, 2025
- 10-QSNDK
Nov 7, 2025
- 8-KSNDK
Nov 6, 2025
- Q2 2025
- 10-KSNDK
Aug 21, 2025
- 8-KSNDK
Aug 14, 2025
- Q1 2025
- 10-QSNDK
May 12, 2025
- 8-KSNDK
May 7, 2025
- Q4 2024
- 8-KSNDK
Mar 11, 2025
- 10-QSNDK
Mar 7, 2025
- 8-KSNDK
Feb 24, 2025
- 8-KSNDK
Feb 14, 2025
- 8-KSNDK
Feb 3, 2025
Earnings releases
8 documentsPresentations
1 document- Q4 FY26
- SNDKDeck
Transcripts
0 documentsNo transcripts for SanDisk are held in this edition of the library.
Mentioned by
7 companiesOther tracked companies whose held documents mention SanDisk by name or ticker. A mention is counted once per document, from the document text the library holds.
“ solutions that are proven and… …mark-to-market gains or losses on our retained shares of Sandisk, and other unanticipated gains, losses, and impairments, and other unanticipated items not reflective of ongoing operations. Our forward-looking estimat”
“.17 Weighted average shares outstanding:… … 145 146 145 Diluted 156 145 152 145 7 SANDISK CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions; unaudited) Three Months Ended Six Months Ended January 2, 2026 December 27”
“97 $ (0.16) $ 73.76 $ (11.32) Weighted average… …share repurchase authorization, with Sandisk’s Board of Directors approving an additional $14 billion buyback program, bringing total remaining authorization to $15.5 billion. • Expect first quarte”
“ 2 Gain on business divestiture — — — (113) (Gain) loss on retained interest in Sandisk… …Research and development 284 262 1,161 994 Selling, general and administrative 138 124 551 568 Litigation matter — — — (198) Business realig”
“vestors on mini-tenders is available at https://www.sec.gov/investor/pubs/minitend.htm . Sandisk…”
“3.33) $ 29.42 $ (11.16) Weighted average… … 145 147 145 Diluted 157 145 154 145 7 SANDISK CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions; unaudited) Three Months Ended Nine Months Ended April 3, 2026 March 28, 20”
“perating expenses were $121M. Cash operating… …pioneering technology companies, including SanDisk, Matrix Semiconductor and Intel. “ I joined QuantumScape to help ramp our technology into a product that can be delivered to our customers in hig”
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