Sandisk Corp Q4 FY26 Results

Summary

Sandisk Corporation announced strong financial results for its fiscal fourth quarter and full year 2026. The company reported fourth quarter revenue of $8.97 billion, up 51% sequentially and an impressive 372% year-over-year. For the full fiscal year 2026, revenue surged by 175% to $20.25 billion. GAAP net income for the quarter was $6.90 billion ($43.97 per diluted share), and for the full year, it reached $11.43 billion ($73.76 per diluted share). Management highlighted a leading technology portfolio, established datacenter as a key growth pillar, and deepened customer partnerships, expressing confidence that their technology and products are well-positioned to create value and generate durable free cash flow. The company also announced an expanded $14 billion share repurchase program and provided a positive outlook for the first quarter of 2027.

Key Highlights

1. 1

   Sandisk Corporation reported fiscal fourth quarter revenue of $8.97 billion, a 51% sequential increase and a 372% year-over-year increase.

2. 2

   For fiscal year 2026, revenue reached $20.25 billion, marking a significant 175% increase compared to the previous year.

3. 3

   GAAP net income for the fourth quarter was $6.90 billion, or $43.97 per diluted share.

4. 4

   Fiscal year 2026 GAAP net income was $11.43 billion, or $73.76 per diluted share, representing a 797% increase year-over-year.

5. 5

   The company announced an expanded share repurchase authorization, with the Board of Directors approving an additional $14 billion buyback program.

6. 6

   First quarter 2027 revenue is projected to be in the range of $10.30 billion to $10.80 billion, with Non-GAAP diluted net income per share expected between $44.00 and $46.00.