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SanDisk Corp (SNDK) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 05, 2026

After Close (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

34.1

Last Year’s EPS

0.29

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 16 Analysts Ratings

Earnings Call Summary

Q3 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a strongly positive operational and financial inflection: exceptional revenue and margin expansion, massive free cash flow, sizable multiyear contracts providing material revenue visibility, strategic supply investments, and a $6B buyback. Lowlights were primarily operational nuances—sequential bit shipment decline and inventory build, consumer seasonality, some contract pricing variability, and typical capacity/capex trade-offs—which are manageable relative to the company’s demonstrated earnings power and contract-backed demand.

Company Guidance

For fiscal Q4 the company guided revenue of $7.75–$8.25 billion, non‑GAAP gross margin of 79–81%, non‑GAAP operating expenses of $480–$500 million, non‑GAAP interest & other income of $10–$30 million, non‑GAAP tax expense of $775–$875 million, and non‑GAAP EPS of $30–$33 assuming 158 million fully diluted shares. That guidance follows a strong Q3: revenue $5.95 billion (up 97% sequentially, 251% YoY), non‑GAAP gross margin 78.4%, non‑GAAP operating expenses $448 million (7.5% of revenue), non‑GAAP EPS $23.41, adjusted free cash flow $2.955 billion (49.7% margin), cash & equivalents $3.735 billion, and gross CapEx $240 million (4% of revenue). Management also announced a $6 billion share‑repurchase authorization, reported three Q3 contracts with minimum contractual revenue of ~$42 billion (with two more signed early in Q4), financial guarantees in excess of $11 billion and $400 million of prepayments on the balance sheet, and reiterated a mid‑ to high‑teens bit growth/capacity plan with CapEx discussed on a dollar basis.

Record Quarterly Revenue Growth

Revenue for fiscal Q3 was $5.95 billion, up 97% sequentially and up 251% year-over-year, materially beating guidance of $4.4B–$4.8B and driven by mix shift to higher-value customers and higher pricing.

Data Center Revenue Surge

Data center revenue grew 233% sequentially to $1.467 billion, reflecting strong demand for TLC-based enterprise SSDs and the company’s successful shift toward AI-focused, high-performance data center products.

Outstanding Margin Expansion

Non-GAAP gross margin expanded to 78.4% (from 51.1% prior quarter) and non-GAAP operating margin rose to 70.9% (from 37.5% prior quarter), both well above guidance ranges, driven by higher-value mix and pricing.

Material Free Cash Flow Generation and Strong Cash Position

Adjusted free cash flow was $2.955 billion (49.7% margin); cash flow from operations was $3.038 billion. The company closed the quarter with $3.735 billion in cash and cash equivalents and repaid the remaining $650M TLB balance.

New Business Models (NBMs) and Contracted Revenue Visibility

Five multiyear NBMs signed (three in Q3, two in Q4 so far). The three Q3 contracts provide minimum contractual revenue (RPO) of approximately $42 billion; aggregate financial guarantees across the five agreements exceed $11 billion, with $400 million in prepayments on the balance sheet. These NBMs account for over one-third of bits in fiscal 2027.

Aggressive Capital Return and Capital Allocation Progress

Board authorized a $6 billion share repurchase program effective immediately; company achieved net cash targets and continues to prioritize investing in the business, achieving net cash, then returning capital to shareholders.

Product and Go-to-Market Momentum

Began shipping QLC 'Stargate' solutions for revenue in Q4 and launched next-generation portable SSD portfolio for consumers; edge and consumer initiatives (e.g., 'Space to Hold More' campaign) supporting higher-value mix in premium devices.

Supply-Chain and Strategic Investments Strengthening Resiliency

Extended joint venture with Kioxia through December 2034 and invested approximately $1 billion in Nanya to secure DRAM supply, bolstering long-term manufacturing and supply resiliency.

SanDisk Corp (SNDK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SNDK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2026	2026 (Q4)	34.10 / -	0.29	―	―	―
Apr 30, 2026	2026 (Q3)	14.62 / 23.41	-0.3	7903.33% (+23.71)
Jan 29, 2026	2026 (Q2)	3.62 / 6.20	1.23	404.07% (+4.97)
Nov 06, 2025	2026 (Q1)	0.88 / 1.22	1.798	-32.15% (-0.58)
Aug 14, 2025	2025 (Q4)	0.05 / 0.29	0.828	-64.98% (-0.54)
May 07, 2025	2025 (Q3)	-0.38 / -0.30	0.186	-261.29% (-0.49)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SNDK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2026	$1096.51	$1187.00	+8.25%
Jan 29, 2026	$539.30	$576.25	+6.85%
Nov 06, 2025	$207.69	$239.48	+15.31%
Aug 14, 2025	$46.68	$44.54	-4.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.