Education
About Us
Working with TipRanks
Follow Us
SanDisk Corp (SNDK)
NASDAQ:SNDK
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
12.87Last Year’s EPS
-0.3Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: sizable revenue and EPS beats, dramatic margin expansion, robust cash generation, accelerating data center adoption, product qualifications and JV extension. The company also highlighted persistent supply shortages, the need to prioritize customers and secure multiyear commercial commitments, and material near-term cash/COGS obligations tied to the JV. While capacity expansion is constrained by long lead times and management requires durable customer commitments before increasing capital intensity, the balance of outcomes is positive given the magnitude of revenue, margin, and cash-flow improvements and confident guidance for the next quarter.Company Guidance
Strong Revenue Beat and Growth
Recorded Q2 revenue of $3.025 billion, up 31% sequentially and 61% year-over-year, exceeding guidance of $2.55B–$2.65B.
Material Margin Expansion
Non-GAAP gross margin expanded to 51.1% (51.9% excluding $24M startup costs) from 29.9% in prior quarter; non-GAAP operating margin rose to 37.5% from 10.6% sequentially.
Large EPS and Cash Generation Beat
Non-GAAP EPS of $6.20 versus $1.22 in the prior quarter and above guidance of $3.00–$3.40; generated $843 million in adjusted free cash flow (27.9% free cash flow margin).
Data Center Momentum
Data center revenue of $440 million, up 64% sequentially; PCIe Gen5 TLC qualified at a second hyperscaler and BICS Eight QLC ("Stargate") expected to begin shipping for revenue within several quarters.
Edge and Consumer Strength
Edge revenue $1.678 billion (up 21% sequentially) and consumer revenue $907 million (up 39% sequentially); consumer mix shifted toward premium, with new product introductions (Sandisk Extreme Fit) and brand/licensing wins (Crayola, FIFA).
Balance Sheet Improvement
Closed quarter with $1.539 billion cash and $603 million debt; paid an additional $750 million of debt during the quarter and finished with a net cash position of $936 million.
Ambitious Q3 Guidance
Guidance for Q3 revenue of $4.4B–$4.8B, non-GAAP gross margin 65%–67%, and non-GAAP EPS $12–$14 (assumes 157M diluted shares), signaling strong forward-looking confidence.
Strategic JV Extension and Customer Engagements
Extended Yokaiichi joint venture with Kyocera through 12/31/2034, aligning it with Kitakami JV; reported progress on multiyear customer engagements and one signed LTA (included prepayment component).
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 |
|---|---|---|---|
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% |
May 07, 2025 | $34.97 | $36.66 | +4.83% |
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 May 13, 2026, After Close (Confirmed).
What is SanDisk Corp (SNDK) earnings time?
SanDisk Corp (SNDK) earnings time is at May 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 (Q3) is 12.87.