Sandisk Corp

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.

Sandisk Corp. announced it became aware of an unsolicited mini-tender offer from Tutanota LLC to purchase up to 100,000 shares of its common stock at $1,150.00 per share, representing less than 0.07% of outstanding shares. Sandisk does not endorse the offer and recommends stockholders not tender their shares, noting the offer price is conditioned on the closing price exceeding $1,150.00, which could result in a below-market price. The company highlighted SEC warnings regarding mini-tender offers and their potential risks to investors.

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.

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.