Oct 29, 4:13 PM ET
Sandisk reported fiscal first quarter revenue of $11.0 billion and GAAP net income of $8.1 billion, driven by strong demand in its data center business. The company also announced an eight-for-one forward stock split effective November 19, 2026, and provided second-quarter revenue guidance between $12.2 billion and $12.6 billion.
- Fiscal first quarter revenue reached $11.0 billion, up 23% sequentially.
- GAAP net income was $8.1 billion, or $52.60 per diluted share.
- Returned $5.0 billion to stockholders through the repurchase of 3.2 million shares.
- Announced an eight-for-one forward stock split effective for stockholders of record as of November 9, 2026.
Read the filing on SEC.gov ↗
Sep 16, 4:24 PM ET
Sandisk's Compensation and Talent Committee approved compensation adjustments for Chief Technology Officer Alper Ilkbahar and Chief Legal Officer Bernard Shek on September 10, 2026, following an annual review of executive pay. The changes take effect October 1, 2026, and the filing does not state the prior salary levels, so the size of the increases cannot be determined from it.
- Ilkbahar (CTO): annual base salary of $755,000 and annual short-term incentive target of 100% of base salary.
- Shek (CLO): annual base salary of $618,000 and annual short-term incentive target of 100% of base salary.
- CEO David Goeckeler's base salary ($1,300,000) and CFO Luis Visoso's base salary ($875,000) were not changed; the filing states no changes to Goeckeler's base salary.
Read the filing on SEC.gov ↗
Sep 11, 4:15 PM ET
Sandisk entered into Amendment No. 1 to its Loan Agreement on September 9, 2026, providing a $1.5 billion revolving credit facility that refinances the prior revolving commitments in full. The facility matures September 9, 2031, and carries a 1.375% margin on SOFR-based borrowings, which may step up or down based on leverage or credit ratings.
- Revolving commitments of $1.5 billion replace prior revolving commitments under the Loan Agreement
- Facility matures September 9, 2031, with no amortization
- Pricing: SOFR plus 1.375% margin, or base rate plus 0.375%; commitment fee of 0.175% on undrawn amounts
- Collateral and guarantees may be released if the company achieves certain investment grade corporate family ratings
Read the filing on SEC.gov ↗
Aug 5, 4:09 PM ET
Sandisk reported fiscal fourth-quarter 2026 revenue of $8.97 billion, up 51% from the prior quarter, with GAAP diluted net income per share of $43.97. The company also gave first-quarter 2027 revenue guidance of $10.30 billion to $10.80 billion and approved a $14 billion share repurchase program, which it expects to fund from operating cash flows. The buyback does not obligate the company to buy any shares and may be suspended at any time.
- Q4 fiscal 2026 revenue was $8.97 billion, up from $5.95 billion in Q3; GAAP diluted EPS was $43.97 versus $23.03 in Q3.
- Fiscal 2026 revenue was $20.25 billion, up 175% year over year; GAAP net income was $11.43 billion.
- Q1 fiscal 2027 guidance: revenue of $10.30 billion to $10.80 billion and non-GAAP diluted EPS of $44.00 to $46.00.
- Board approved a $14 billion buyback, bringing total remaining authorization to $15.5 billion.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.