Revenue Growth
SNDK's revenue increased by 61.2% year-over-year to $3.025 billion, driven by strong demand for its products.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
SNDK reported a significant increase in profitability for Q2 FY2026, with net income up 672.1% year-over-year, driven by strong revenue growth and improved margins.
Revenue
$3.02B
+61.25% YoY
EPS (Diluted)
$5.15
+615.28% YoY
Gross Margin
50.9%
+18.6 pts YoY
Operating Income
$1.06B
+446.15% YoY
Source: SEC XBRL
Sandisk (SNDK) reported Q2 FY2026 revenue of $3.02B, up 61.2% year over year. Operating margin was 35.2%, up 24.8 points from 10.4% a year earlier. SNDK's fiscal Q2 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 39.25 | 35.14 | Beat +11.7% |
| Mar 2026 | 23.41 | 14.83 | Beat +57.9% |
| Dec 2025This filing | 6.20 | 3.52 | Beat +76.3% |
| Sep 2025 | 1.22 | 0.95 | Beat +27.8% |
Adjusted (non-GAAP) EPS of $6.20 versus the $3.52 analyst consensus — a +76.3% beat for Dec 2025. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $5.15.
Compiled by AI from this SEC filing
SNDK's revenue increased by 61.2% year-over-year to $3.025 billion, driven by strong demand for its products.
Source: 10-Q Income Statement
Gross margin improved to 50.9%, up from 32.3% in the previous year, reflecting better cost management and higher sales volumes.
Source: 10-Q Income Statement
Cash and equivalents nearly doubled to $1.539 billion, indicating improved liquidity and financial flexibility.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 0 high, 2 medium, 1 low
Total liabilities increased by 24.7% year-over-year, which could impact future financial flexibility if not managed carefully.
Source: 10-Q Balance Sheet
Stockholders' equity decreased by 14.9%, which may affect the company's ability to raise capital in the future.
Source: 10-Q Balance Sheet
Investing cash flow turned negative, indicating increased capital expenditures or reduced asset sales, which could impact cash reserves.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 3.03 $B | 1.88 $B | +61.25% |
Cost of Revenue $B | 1.48 $B | 1.27 $B | +16.85% |
Gross Profit $B | 1.54 $B | 0.61 $B | +154.29% |
Operating Income $B | 1.07 $B | 0.20 $B | +446.15% |
Net Income $M | 803.00 $M | 104.00 $M | +672.12% |
EPS (Basic) $ | 5.46 $ | 0.72 $ | +658.33% |
EPS (Diluted) $ | 5.15 $ | 0.72 $ | +615.28% |
R&D Expense $M | 327.00 $M | 279.00 $M | +17.20% |
SG&A Expense $M | 139.00 $M | 142.00 $M | -2.11% |
Answers draw on this SEC filing and the data on this page
SNDK reported a remarkable turnaround in Q3 FY2026 with a 251% increase in revenue and a significant shift from a net loss to a net income of $3.615 billion.
In fiscal 2026, Sandisk delivered explosive growth, with revenue more than doubling to $20.25B and net income swinging from a $1.64B loss to a $11.43B profit, driven by AI-fueled demand and sharply higher NAND pricing.
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