Quarterly ResultApr 30, 2026, 04:21 PM
SNDK Q3 Revenue $5.95B; EPS $23.03; $6B Share Buyback Approved
AI Summary
Sandisk Corporation announced strong fiscal third quarter 2026 financial results, with revenue significantly exceeding guidance and a substantial increase in net income and EPS. The company's Board of Directors also approved a new $6 billion share repurchase program, signaling confidence in future cash flows. Sandisk provided an optimistic outlook for the fiscal fourth quarter, projecting continued revenue growth and higher Non-GAAP diluted EPS.
Key Highlights
- Board approved a $6 billion share repurchase program.
- Q3 2026 revenue was $5.95 billion, up 97% sequentially and 251% year-over-year.
- Q3 2026 GAAP diluted EPS was $23.03, up 347% sequentially.
- Q3 2026 Non-GAAP diluted EPS was $23.41, up 278% sequentially.
- Datacenter revenue grew 233% sequentially to $1.467 billion.
- Q4 2026 revenue guidance is $7.75 billion to $8.25 billion.
- Q4 2026 Non-GAAP diluted EPS guidance is $30.00 to $33.00.