Quarterly ResultMay 1, 2026, 05:01 PM
Sandisk Q1 Net Income $3.62B; Revenue $5.95B
AI Summary
Sandisk reported a significant financial turnaround for the three months ended April 3, 2026, achieving a net income of $3.62 billion, a substantial improvement from a net loss of $1.93 billion in the comparable prior-year period. Revenue surged to $5.95 billion from $1.70 billion year-over-year. For the nine-month period, net income reached $4.53 billion on total revenue of $11.28 billion. The company also fully repaid its $2.0 billion term loan facility on March 4, 2026, and saw a substantial increase in cash and cash equivalents.
Key Highlights
- Net income for the three months ended April 3, 2026, was $3.62 billion, a significant improvement from a $1.93 billion net loss in the prior year.
- Revenue for the three months ended April 3, 2026, increased to $5.95 billion from $1.70 billion year-over-year.
- Diluted EPS for the three months ended April 3, 2026, was $23.03, up from $(13.33) in the same period last year.
- Net cash provided by operating activities for the nine months ended April 3, 2026, was $4.55 billion.
- Cash and cash equivalents increased to $3.74 billion as of April 3, 2026, from $1.48 billion on June 27, 2025.
- The company fully repaid its $2.0 billion term loan facility on March 4, 2026.
- Datacenter revenue for the three months ended April 3, 2026, was $1.47 billion, and Edge revenue was $3.66 billion.
- Asia accounted for $4.27 billion of total revenue in the three months ended April 3, 2026.