SNDK

MKT CAP:$147B

Sandisk Corporation

Market Cap

$147B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$993.79+$718.55 (+261.06%)

Apr 24, 2026

Company Details

SanDisk Corp. engages in the development, manufacture, and provision of storage devices and solutions on NAND flash technology. Its products include solid state drives. embedded products, removable cards, universal series bus, and wafers an...

CEO

David V. Goeckeler

IPO Date

Nov 8, 1995

Website

www.sandisk.com

Key Metrics TTM

Revenue

$9.5B

+33.1% YoY

Net Income

$1.0B

EPS (Diluted)

$6.49

Free Cash Flow

$1.9B

Revenue / Share

$61.17

Gross Margin

35.8%

Operating Margin

15.0%

Net Margin

10.5%

FCF Margin

20.0%

P/S

15.4x

P/E

146.2x

Earnings Reports

Q3 2026

Apr 30, 2026

PENDING

Q2 2026

Jan 30, 2026

$3.0B+61.2%EPS $5.15

Q1 2026

Nov 7, 2025

$2.3B+22.6%EPS $0.75

FY 2025

Aug 20, 2025

$7.4B+10.4%EPS -$11.32

Q4 2025

Aug 20, 2025

$1.9B+8.0%EPS -$0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 24	$1.7B	$161M	-$245M
Q3 24	$1.7B	$463M	$65M
Q4 24	$1.8B	$636M	$199M
Q1 25	$1.9B	$726M	$291M
Q2 25	$1.9B	$606M	$195M
Q2 25	$1.9B	$606M	$195M
Q3 25	$1.7B	$382M	-$1.9B
Q3 25	$1.7B	$382M	-$1.9B
Q4 25	$1.9B	$498M	$18M
Q4 25	$1.9B	$498M	$18M
Q1 26	$2.3B	$687M	$176M
Q1 26	$2.3B	$687M	$176M
Q2 26	$3.0B	$1.5B	$1.1B

Valuation

Quarter	P/S	P/E
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	1.0x	123.6x
Q2 25	1.0x	15.3x
Q2 25	1.0x	13.1x
Q3 25	0.9x	—
Q3 25	1.0x	—
Q4 25	0.9x	—
Q4 25	0.9x	—
Q1 26	2.1x	—
Q1 26	2.1x	98.7x
Q2 26	4.2x	39.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 24	$2M	-$73M
Q3 24	-$12M	-$41M
Q4 24	-$130M	-$168M
Q1 25	-$131M	-$198M
Q2 25	$95M	$47M
Q3 25	$26M	-$18M
Q4 25	$94M	$49M
Q1 26	$488M	$438M
Q1 26	$488M	$438M
Q2 26	$1.0B	$980M

Capital Expenditures

Quarter	CapEx
Q2 24	$75M
Q3 24	$29M
Q4 24	$38M
Q1 25	$67M
Q2 25	$48M
Q3 25	$44M
Q4 25	$45M
Q1 26	$50M
Q1 26	$50M
Q2 26	$39M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 25	+12.7%	-12.0%
Q2 25	+10.0%	+2.5%
Q3 25	-3.7%	+129.1%
Q3 25	-10.0%	+124.6%
Q4 25	+1.3%	+12.0%
Q4 25	+1.3%	+12.0%
Q1 26	+36.2%	-40.4%
Q1 26	+36.2%	-40.4%
Q2 26	+59.1%	+4.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 24	$37M	2.2%
Q3 24	$38M	2.2%
Q4 24	$34M	1.9%
Q1 25	$41M	—
Q2 25	$48M	2.6%
Q3 25	$44M	2.6%
Q4 25	$49M	2.6%
Q1 26	$53M	2.3%
Q1 26	$53M	2.3%
Q2 26	$58M	1.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 24	$246M	—	$113M	—
Q3 24	$277M	—	—	$107M
Q4 24	$298M	$86M	$31M	—
Q1 25	$283M	—	—	$130M
Q2 25	$279M	—	$142M	—
Q2 25	$279M	—	$142M	—
Q3 25	$285M	—	—	$139M
Q3 25	$285M	—	—	$139M
Q4 25	$285M	$133M	$29M	—
Q4 25	$285M	$133M	$29M	—
Q1 26	$316M	—	—	$179M
Q1 26	$316M	—	—	$179M
Q2 26	$327M	—	—	$139M

Revenue Segments

Quarter	Client Devices	Cloud	Consumer
Q2 25	$1.0B	$250M	$598M
Q3 25	$927M	$197M	$571M

Revenue by Geography

Quarter	Americas	Asia	Emea
Q2 25	$389M	$1.1B	$401M
Q3 25	$375M	$1.0B	$282M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$292M	$0	$292M
Q4 24	$328M	$0	$328M
Q1 25	$322M	$0	$322M
Q2 25	$804M	$0	$804M
Q3 25	$1.5B	$0	$1.5B
Q4 25	$1.5B	$0	$1.5B
Q1 26	$1.4B	$0	$1.4B
Q2 26	$1.5B	$0	$1.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 24	144M	—	—
Q3 24	145M	+0.7%	—
Q4 24	145M	-0.3%	—
Q1 25	144M	-0.3%	—
Q2 25	144M	0.0%	-0.7%
Q2 25	144M	0.0%	-0.7%
Q3 25	145M	0.0%	+0.7%
Q3 25	145M	0.0%	+0.7%
Q4 25	145M	0.0%	+0.7%
Q4 25	145M	0.0%	+0.7%
Q1 26	149M	0.0%	+2.8%
Q1 26	149M	0.0%	+2.8%
Q2 26	156M	+4.7%	+7.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q2 25	—	—
Q3 25	—	—
Q3 25	—	—
Q4 25	$172.8K	11K
Q4 25	$172.8K	11K
Q1 26	$209.8K	11K
Q1 26	$209.8K	11K
Q2 26	$275.0K	11K

Revenue / Employee