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SNDK Sandisk Corp

NasdaqTechnologyComputer Storage DevicesMilpitas, CAFY ends June 28

New 8-K: Filed an 8-K current report in the last 7 days.Net cash: Cash and equivalents above total debt at the latest fiscal year end.FY2026 10-K filed Aug 17, 2026 (SEC EDGAR)

FY2026 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$20.2BYoYup 175.30%ended Jul 3, 2026
Net income
$11.4B56.5% margin
Diluted EPS
$73.76YoY—
Free cash flow
$11.5B56.8% margin
Cash
$4.76BNet cash $4.76B
Total debt
$0D/E 0×
About Sandisk Corp

Overview

Sandisk Corp (SNDK) is listed on Nasdaq; the SEC classifies it under "Computer Storage Devices".

For fiscal 2026 (ended Jul 3, 2026) it reported revenue of $20.25B, up 175.3% from fiscal 2025.

Net income was $11.43B, a net margin of 56.5%.

At fiscal year end it had total assets of $22.51B and stockholders' equity of $15.74B (69.9% of assets).

Fiscal years shown
FY2025–FY2026 (2 years)
Latest 10-K
Aug 17, 2026
Latest filing
10-QOct 30, 2026
FY2025–FY2026 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2025 to FY2026.
PeriodRevenueNet incomeNet margin
FY2025$7.36B-$1.64B-22.3%
FY2026$20.2B$11.4B56.5%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2025 to FY2026.
PeriodGross marginOperating marginNet margin
FY202530.1%-18.7%-22.3%
FY202671.5%61.2%56.5%

Diluted EPS

Diluted EPS, fiscal years FY2025 to FY2026.
PeriodEPS (diluted)
FY2025-$11.32
FY2026$73.76

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2025 to FY2026.
PeriodFree cash flowNet income
FY2025-$120M-$1.64B
FY2026$11.5B$11.4B

Diluted shares

Diluted shares, fiscal years FY2025 to FY2026.
PeriodDiluted shares (weighted)
FY2025145M
FY2026155M

Cash vs total debt

Cash vs total debt, fiscal years FY2025 to FY2026.
PeriodCash & equivalentsTotal debt
FY2025$1.48B$1.85B
FY2026$4.76B$0

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2026 · 5-year trend

Ratios

Profitability

Gross margin
71.5%
Operating margin
61.2%
Net margin
56.5%
FCF margin
56.8%
Return on equity
91.6%
Return on assets
64.4%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR
Revenueup 175.30%—
EPS (diluted)——
Free cash flow——
Change in share count
+6.90%

Financial strength

Current ratio
2.29×
Debt / equity
0×
Liabilities / assets
30.1%
Net debt
-$4.76B
Interest coverage
170×
Equity / assets
69.9%

Shareholder returns

Buybacks
$4.52B
Stock comp. / revenue
1.1%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

5 of 7 checks passed

FY2026 vs FY2025

Partial: 7 of 9 checks could be computed.

  • PassPositive return on assets88.0%
  • PassPositive operating cash flow$11.7B
  • —Not computableReturn on assets improved88.0% vs —
  • PassOperating cash flow above net income89.9% vs 88.0%
  • PassLong-term debt / assets fell0.0% vs 14.1%
  • FailCurrent ratio improved2.29× vs 3.56×
  • FailNo increase in share count155M vs 145M
  • PassGross margin improved71.5% vs 30.1%
  • —Not computableAsset turnover improved—

Altman Z''-Score

Safe zone (above 2.60)

FY2026

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets0.320×6.562.10
Retained earnings / assets0.429×3.261.40
Operating income / assets0.550×6.723.70
Equity / liabilities2.324×1.052.44
Z''9.64

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 2 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jul 3, 2026FY2025Jun 27, 2025
Revenue20,2487,355
YoY (Revenue)+175.30%—
Gross profit14,4722,212
Research & development1,3281,132
Selling, general & admin.676573
Operating income12,389-1,377
Interest expense7363
Pretax income13,017-1,479
Income tax1,584162
Net income11,433-1,641
EPS (basic)77.78-11.32
EPS (diluted)73.76-11.32
Diluted shares (weighted)155145

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jul 3, 2026FY2025Jun 27, 2025
Cash & equivalents4,7621,481
Receivables4,7081,068
Inventory2,6982,079
Current assets12,7805,086
Goodwill4,9944,999
Total assets22,50712,985
Current liabilities5,5811,427
Short-term debt020
Long-term debt01,829
Total liabilities6,7713,769
Retained earnings9,649-1,784
Stockholders' equity15,7369,216
Shares outstanding146146

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jul 3, 2026FY2025Jun 27, 2025
Operating cash flow11,67184
Capital expenditures177204
Free cash flow11,494-120
Depreciation & amortization149163
Stock-based compensation232182
Share repurchases4,524—
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2026 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$73.76
Revenue per share
$130.63
FCF per share
$74.15
Book value per share
$101.52
Tangible book per share
$69.30
Cash per share
$30.72
Public floatas of Jan 2, 2026
$40.5B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2026)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-QNew
    Quarterly report· Oct 2, 2026(SEC EDGAR)
  2. 8-KNew
    Current report· Oct 29, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 8.01Other events
    • 9.01Financial statements and exhibits
  3. DEF 14A
    Proxy statement· Nov 7, 2026(SEC EDGAR)
  4. 8-K
    Current report· Sep 10, 2026(SEC EDGAR)
    • 5.02Officer or director changes
  5. 8-K
    Current report· Sep 9, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 9.01Financial statements and exhibits
  6. 10-K
    Annual report· Jul 3, 2026(SEC EDGAR)
  7. 8-K
    Current report· Aug 5, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 8.01Other events
    • 9.01Financial statements and exhibits
  8. 8-K
    Current report· May 14, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  9. 10-Q
    Quarterly report· Apr 3, 2026(SEC EDGAR)
  10. 8-K
    Current report· Apr 30, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 8.01Other events
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR
SIC 3572 · Computer Storage Devices

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
SNDKSandisk Corp (This company)$20.2Bup 175.30%56.5%91.6%—
WDCWESTERN DIGITAL CORP$12.9Bup 35.70%72.9%133.0%7/9
STXSeagate Technology Holdings plc$12.2Bup 34.06%26.1%371.5%8/9
Peer median$12.6Bup 34.88%49.5%252.2%7.5/9—

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does Sandisk Corp do?

The SEC classifies Sandisk Corp under Standard Industrial Classification (SIC) code 3572, "Computer Storage Devices". It is headquartered in Milpitas, CA. It is incorporated in DE. In fiscal 2026 it reported revenue of $20.25B and net income of $11.43B in its annual 10-K report.

What was Sandisk Corp's revenue in 2026?

Sandisk Corp reported revenue of $20.25B for fiscal 2026, which ended Jul 3, 2026, up 175.3% from $7.36B in fiscal 2025, according to its annual 10-K report filed with the SEC on Aug 17, 2026.

What was Sandisk Corp's net income in 2026?

Sandisk Corp reported net income of $11.43B for fiscal 2026, a net margin of 56.5% of revenue.

Where is Sandisk Corp listed?

According to the SEC, Sandisk Corp's ticker SNDK is listed on Nasdaq.

When does Sandisk Corp's fiscal year end?

According to the SEC, Sandisk Corp's fiscal year ends on June 28; its latest reported fiscal year (2026) ended Jul 3, 2026.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.