Revenue Surge
SNDK's revenue increased by 251% year-over-year, driven by strong demand and market expansion.
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 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.
Revenue
$5.95B
+251.03% YoY
EPS (Diluted)
$23.03
+272.77% YoY
Gross Margin
78.4%
+55.8 pts YoY
Operating Income
$4.11B
+318.55% YoY
Source: SEC XBRL
Sandisk (SNDK) reported Q3 FY2026 revenue of $5.95B, up 251.0% year over year. Operating margin was 69.1%, against -111.0% a year earlier. SNDK's fiscal Q3 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 39.25 | 35.14 | Beat +11.7% |
| Mar 2026This filing | 23.41 | 14.83 | Beat +57.9% |
| Dec 2025 | 6.20 | 3.52 | Beat +76.3% |
| Sep 2025 | 1.22 | 0.95 | Beat +27.8% |
Adjusted (non-GAAP) EPS of $23.41 versus the $14.83 analyst consensus — a +57.9% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $23.03.
Compiled by AI from this SEC filing
SNDK's revenue increased by 251% year-over-year, driven by strong demand and market expansion.
Source: 10-Q Income Statement
The company achieved a 1.9% reduction in the cost of revenue, significantly boosting gross margins.
Source: 10-Q Income Statement
SNDK eliminated its long-term debt, improving its balance sheet and reducing financial risk.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
SNDK's performance is highly sensitive to market demand fluctuations, which could impact future revenue stability.
Source: General Analysis
Increased R&D expenses by 18.2% could pressure margins if new products do not perform as expected.
Source: 10-Q Income Statement
Negative investing cash flow indicates potential challenges in managing capital expenditures effectively.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 5.95 $B | 1.70 $B | +251.03% |
Cost of Revenue $B | 1.29 $B | 1.31 $B | -1.90% |
Gross Profit $B | 4.66 $B | 0.38 $B | +1120.42% |
Operating Income $B | 4.11 $B | -1.88 $B | +318.55% |
Net Income $B | 3.62 $B | -1.93 $B | +287.02% |
EPS (Basic) $ | 24.43 $ | -13.33 $ | +283.27% |
EPS (Diluted) $ | 23.03 $ | -13.33 $ | +272.77% |
R&D Expense $M | 337.00 $M | 285.00 $M | +18.25% |
SG&A Expense $M | 161.00 $M | 139.00 $M | +15.83% |
Answers draw on this SEC filing and the data on this page
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.
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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