| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 3.0K | 31.1% | 78.5% |
| Total Income | 3.0K | 31.1% | 78.5% |
| Expenditure | 2.0K | 8.1% | 45.2% |
| PBT | 937.00 | 655.6% | 149.3% |
| Net Profit | 803.00 | 617.0% | 141.5% |
| OPM | 35.21% | 27.58pp | |
| NPM | 26.55% | 21.69pp | |
| EPS | 5.46 | 609.1% | 141.0% |
Sandisk Reports Q3 FY26 Revenue of $5.95 Billion, Up 251% YoY
01 May 2026 · 1 May, 1:52 am
Summary
Sandisk Corporation announced robust financial results for the fiscal third quarter of 2026, with revenue soaring to $5.95 billion, up 251% year-over-year and 97% sequentially, driven by a strategic shift towards higher-value customers and improved pricing. GAAP net income reached $3,615 million, or $23.03 per diluted share, reflecting a 287% year-over-year increase. The company also achieved a strong GAAP gross margin of 78.4%. CEO David Goeckeler highlighted this quarter as a "fundamental inflection point," emphasizing technology leadership, a new business model with multi-year customer engagements, and a strong balance sheet, positioning Sandisk for substantial long-term value creation. The outlook for Q4 FY26 remains positive, with revenue projected between $7.75 billion and $8.25 billion.
Key Highlights
- 1
Sandisk Corporation reported fiscal third quarter revenue of $5.95 billion, marking a significant increase of 97% sequentially and 251% year-over-year, exceeding the company's guidance range.
- 2
GAAP net income for Q3 FY26 reached $3,615 million, translating to $23.03 diluted net income per share, representing a substantial 350% sequential growth and 287% year-over-year increase.
- 3
The company achieved a strong GAAP gross margin of 78.4% in Q3 FY26, which is a 27.5 percentage point improvement quarter-over-quarter and a 55.9 percentage point increase year-over-year.
- 4
Revenue from the Datacenter segment surged by 233% quarter-over-quarter to $1,467 million, and an impressive 645% year-over-year, driven by a strategic mix shift towards higher-value customers.
- 5
Sandisk ended the fiscal third quarter with three signed New Business Model (NBM) agreements and secured two additional NBM agreements in the fiscal fourth quarter, indicating progress in its new business strategy.
- 6
The Board of Directors approved a new $6 billion share repurchase program, signaling confidence in the company's financial strength and commitment to shareholder value.
- 7
For the fiscal fourth quarter, Sandisk anticipates revenue to be in the range of $7.75 billion to $8.25 billion, with Non-GAAP diluted net income per share expected between $30.00 and $33.00.
Management Comments
David Goeckeler
This quarter marks a fundamental inflection point for Sandisk — where our technology leadership is enabling a deliberate shift in our mix toward the highest-value end markets, led by Datacenter. We are also advancing to a new business model built on multi-year customer engagements backed by firm financial commitments. Together, this transformation is driving structurally higher and more durable earnings power. With a zero-debt balance sheet, strong cash generation, and a recently authorized share repurchase program, we are positioned to deliver substantial long-term value creation for our shareholders.
Informational and educational content only. Not investment advice.