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SNDK · Sandisk Corp

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$1,031.70 -94.82 (-8.42%)
S&P 500 member Nasdaq-100 member Russell 1000 member Rebalance outlook locked
Market Cap
$147.14B
Shares
142.29M
Volume · Nov 4 11.46M Avg daily vol (3M) 10.63M

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$1,037.40 Open$1,079.91 Day$1,014.00–1,120.22 52W close$194.38–2,335.00 Avg vol 30d8.5M Short int4.7M · 3.3% of shares · 1.0d Short vol39% Last earningsOct 29, 2026 DataFeb 2025–Nov 2026 Filing10-Q · Oct 30

Up next

Next earnings call
Jan 25, 2027 Est · unconfirmed · in 12 wks
Q1 2027 earnings call transcript
call held Oct 29, 2026
Play latest call

Latest documents

2026
Oct 30
Quarterly report 10-Q FY2027 Q1, ended Oct 2
Quarterly report for FY2027 Q1

Sandisk Corporation reported revenue, net of 11,031 and net income of 8,101 for the three months ended October 2, 2026; operating activities provided 6,363 in cash. The company repurchased 3 million shares for 5.0 billion, leaving 10.5 billion available.

Revenue $11.03B ▲ 377.9% Net income $8.1B ▲ 7133.0% Diluted EPS $52.60 ▲ 6913.3%
Read from the MD&A section
Oct 29
Earnings call
Q1 2027 earnings call

Sandisk reported first-quarter revenue of $11 billion, non-GAAP gross margin of 85.1%, non-GAAP EPS of $49.51, and adjusted free cash flow of $5.7 billion; it guided second-quarter revenue to $12.2 billion to $12.6 billion and approved an 8-for-1 stock split.

Oct 29
Current report 8-K
Financial results, Other events

Sandisk Corporation reported fiscal first quarter revenue of $11.0 billion and net income of $8.1 billion. Its Board approved an eight-for-one forward stock split, with post-split trading expected November 20, 2026.

Oct 6
Proxy statement DEF 14A Meeting Nov 7, 2026
Proxy statement

Sandisk Corp generated record fiscal 2026 revenue of $20.25 billion, up 175% year-over-year, reached a zero-debt balance sheet by year-end, and plans a November 17, 2026 virtual annual meeting.

Read from the first part of this long document
Oct 6
Annual report to holders ARS
Annual report to holders

On January 29, 2026, Sandisk and Kioxia extended the Flash Alliance and Flash Partners terms to December 31, 2034. Sandisk Technologies will make payments to Kioxia totaling $1.2 billion over 2026 through 2029 for manufacturing services and continued supply availability.

Read from the first part of this long document
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$28.97B
Trailing 12 months
Net income (TTM)
$19.42B
Trailing 12 months
Revenue growth YoY
+377.9%
Year over year
Operating margin
72.5%
Trailing 12 months
P / E (TTM)
9.0
Trailing earnings · reciprocal yield 11.2%
FCF yield
11.0%
TTM · current market cap
Return on invested capital
167.3%
Trailing 12 months
Net cash
$4.76B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+3.4%
Year over year · more shares
Price change (1Y)
+444.2%
Trailing year
Short interest
3.3%
Latest settlement · 1.0 days to cover
View all 122 metrics

Quarterly results

Revenue Net income Net loss
▲12.7% $1.88B $104.00M '25 Q2 ▼0.6% $1.70B −$1.93B '25 Q3 · $1.90B −$23.00M '25 Q4* ▲22.6% $2.31B $112.00M '26 Q1 ▲61.2% $3.02B $803.00M '26 Q2 ▲251% $5.95B $3.62B '26 Q3 ▲371.6% $8.96B $6.90B '26 Q4* LATEST ▲377.9% $11.03B $8.10B '27 Q1

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q4 FY26 earnings call · Aug 5, 2026
Q4 FY26

TL;DR. Sandisk delivered record fiscal Q4 results well above guidance and signed five additional New Business Model (NBM) agreements, while authorizing a new $14 billion share repurchase program and guiding Q1 FY27 revenue to $10.3–$10.8 billion.

Bullish
  • + Q4 FY26 revenue of $8,965M, up 51% sequentially and 372% year-over-year, beat the high end of guidance.
  • + Record Q4 non-GAAP gross margin of 84.6% and non-GAAP operating margin of 79.2% materially exceeded guidance.
  • + Q4 non-GAAP EPS of $39.25 beat the high end of the $30–$33 guidance range, with adjusted free cash flow of $5,035M.
  • + Signed five additional NBMs (including three new customers) bringing total to eight customers, with NBMs to cover over 50% of FY27 bits and ~two-thirds of FY28 bits.
  • + Board approved an additional $14 billion share repurchase authorization, bringing total remaining to $15.5 billion.
Bearish
  • − Q4 consumer revenue declined 32% sequentially to $556M.
  • − Q1 FY27 non-GAAP gross margin guided to 83–85%, modestly below the 84.6% reported in Q4, despite continued pricing growth.
  • − Sellable bit growth in FY27 is expected to be only mid-teens, lower than the long-term mid-to-high-teens target, due to higher inventory build for NBMs.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Research

our published analysis of this company

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Sell Momentum Weak Sentiment Bullish Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 20.8 · elevated Equity put/call 0.60
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −18%
below
Price vs 50-day avg −32%
below
RSI (14) 31
neutral
MACD trend Negative
52-week position 39%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return −39%
trailing
6-month return −25%
trailing
YTD return +337%
this year
Relative strength −27%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $1531 › 200d $1269 — 50d above 200d
Institutional flow Accumulating
906 of 1,849 funds reported for Sep 30 · net +573.6K sh shares · +125 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
3.31% of shares out · ▼ -2.4% MoM · 1.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,849 holders — near 1-yr high, broad support
Squeeze score 36
low risk · 0–100
Fundamentals
Excellent
Revenue growth +175%
Y/Y
Gross margin 71%
expanding
EPS growth +752%
Y/Y
Free cash flow $11.5B
Valuation P/E 8.2
below peers
Buyback $10.5B
remaining
Balance sheet $4.8B
net cash
Quant / Vol
risk profile
Very High
Volatility 113%
annualized · 1-yr
Max drawdown −56%
past year
ATR 9.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 4 of last 4
Latest guidance · from the 8-K filed Oct 29, 2026
Revenue · Fiscal Second Quarter of 2027 $12.2B – $12.6B
prior qtr $11.03B midpoint +12.4% QoQ
Revenue · Fiscal Second Quarter of 2027 $12.2B – $12.6B
Gross Margin · Fiscal Second Quarter of 2027 84.4% – 85.4%
Gross Margin · Fiscal Second Quarter of 2027 84.5% – 85.5%
Operating Expenses · Fiscal Second Quarter of 2027 $677M – $745M
Tax Expense · Fiscal Second Quarter of 2027 14.3%
Operating Expenses · Fiscal Second Quarter of 2027 $540M – $560M
Prior guidance period ended · from the Earnings Call filed Aug 5, 2026
Revenue · first quarter of fiscal year 2027 $10.3B – $10.8B
Non-GAAP gross margins · first quarter of fiscal year 2027 83% – 85%
Non-GAAP operating expenses · first quarter $520M – $540M
Non-GAAP EPS · first quarter $44.00 – $46.00
Guided vs delivered · last 4 settled
Revenue first quarter of fiscal year 2027
guided $10.3B – $10.8B
$11.03B Beat +4.6%
Revenue fiscal fourth quarter of 2026
guided $7.75B – $8.25B
$8.97B Beat +12.1%
Revenue fiscal fourth quarter
guided $7.75B – $8.25B
$20.25B Beat +153.1%
Revenue fiscal second quarter of 2026
guided $2.55B – $2.65B
$3.03B Beat +16.3%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
3 · 4 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−18% Bearish
Price vs 50-day avg
−32% Bearish
RSI (14)
31 Neutral
MACD trend
Negative Bearish
52-week position
39% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $1531 › 200d $1269 — 50d above 200d
Institutional flow Accumulating
906 of 1,849 funds reported for Sep 30 · net +573.6K sh shares · +125 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
3.31% of shares out · ▼ -2.4% MoM · 1.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,849 holders — near 1-yr high, broad support
Price context
position in its 52-week range
Range low $194 Now $1,037 · 39% Range high $2,335
vs 200-day avg -18% vs 50-day avg -32%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Costs incurred for reduction in utilization of Flash Ventures manufacturing capacity $11M fiscal year 2026 filing —
Distributions received from Flash Ventures $107M fiscal year 2026 filing —
Net payments to Flash Ventures $3.6B fiscal year 2026 filing —
Purchases under the Supply Agreement with SDSS $519M fiscal year 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Computer Hardware — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
SNDK
Sandisk Corp
this stock
$147.14B +337.0% +175.3% 8.2 3.3%
DELL
Dell Technologies Inc.
 $259.67B +195.8% +18.8% 23.8 1.9%
ANET
Arista Networks, Inc.
 $214.29B +36.2% +28.6% 45.7 1.0%
STX
Seagate Technology Holdings plc
 $129.05B +102.3% -36.7% 29.5 3.4%
WDC
Western Digital Corp
 $121.22B +88.0% +35.7% 12.5 5.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
1,877
% held
112.6%
Reported
906 of 1,849
Top holder
SUSQUEHANNA INTERNATIONAL…
Held Float
View
Held by Funds
Fund positions
1,114
View
Short & Settlement
Short Interest Falling
Shares short
4.7M
Days to cover
1.0d
Change
-114.5K sh
View
Short Volume
Short vol %
39%
As of
Nov 4, 2026
Short Total
View
Fails to Deliver
FTD shares
1.2K
Value
$2.1M
As of
Sep 28, 2026
View
Off-Exchange
Off-exchange %
54.4%
Week of
Sep 28, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Buy
Member
Josh Gottheimer
Amount
$1.0K–$15.0K
Traded
May 7, 2026
View
Financials
Financials
Revenue (FY)
$20.2B
Net income (FY)
$11.4B
EPS diluted
$73.76
View
Buybacks
Authorized
$14.0B
Remaining
$10.5B
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Oct 30, 2026
This year
23

Sandisk Corporation reported revenue, net of 11,031 and net income of 8,101 for the three months ended October 2, 2026; operating activities provided 6,363 in cash. The company repurchased 3 million shares for 5.0 billion, leaving 10.5 billion available.

View
Proposed Sales
Value
$51.4M
Shares
33.8K
Filed
Sep 17, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 17, 2026
Last webcast
Oct 29, 2026
View
Investor Relations
Latest news
Sandisk Reports Fiscal First Quar…
Published
Oct 29, 2026
Upcoming events
1
View

Performance

5D 20D 120D MTD YTD
SNDK -26.2% -38.7% -25.0% -9.9% +337.0%
SPY -0.7% -1.3% +2.5% +1.5% +12.5%
vs SPY -25.4% -37.4% -27.5% -11.3% +324.6%

Capital returns

Buyback program · as of Oct 2, 2026
Authorized
$14.00B
Spent (derived)
$3.50B
Remaining
$10.50B
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 2023554 CUSIP 80004C200 13F (30d) 827 filings 800 filers Visit website Investor relations