SanDisk Corp (SNDK)
NASDAQ:SNDK
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Earnings Data
Report Date
Aug 13, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
32.82Last Year’s EPS
0.29Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
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
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.
SNDK Earnings History
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.
FAQ
When does SanDisk Corp (SNDK) report earnings?
SanDisk Corp (SNDK) is schdueled to report earning on Aug 13, 2026, After Close (Confirmed).
What is SanDisk Corp (SNDK) earnings time?
SanDisk Corp (SNDK) earnings time is at Aug 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNDK EPS forecast?
SNDK EPS forecast for the fiscal quarter 2026 (Q4) is 32.82.