BuybackAug 5, 2026, 04:18 PM
Sandisk Approves $14B Share Buyback; Q4 Revenue $8.97B, EPS $43.97
AI Summary
Sandisk Corporation announced strong fiscal fourth quarter 2026 financial results, with revenue reaching $8.97 billion, a 51% sequential increase, and GAAP diluted EPS of $43.97. For the full fiscal year 2026, revenue surged 175% to $20.25 billion, driven by growth in datacenter and higher pricing. Concurrently, the company's Board of Directors approved a new $14 billion share repurchase program, bringing the total remaining authorization to $15.5 billion. Sandisk also provided an optimistic outlook for the first quarter of fiscal 2027, projecting revenue between $10.30 billion and $10.80 billion.
Key Highlights
- Board approved a new $14 billion share repurchase program.
- Total remaining share repurchase authorization is $15.5 billion.
- Fiscal Q4 2026 revenue was $8.97 billion, up 51% sequentially and 372% year-over-year.
- GAAP net income for Q4 2026 was $6.90 billion, with diluted EPS of $43.97.
- Fiscal year 2026 revenue reached $20.25 billion, up 175% year-over-year.
- Datacenter revenue grew 437% year-over-year for fiscal 2026.
- Signed five additional New Business Model agreements, including three with new customers.
- Forecasts Q1 2027 revenue between $10.30 billion and $10.80 billion.
Price Impact
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