Sandisk (SNDK)

Nasdaq Information Technology Technology Hardware, Storage & Peripherals S&P 500Nasdaq-100

$835.06

+28.63 (+3.55%)

Close of Nov 06, 2026 · end-of-day data

Source: Sandisk's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2023	FY2024	FY2025	FY2026
Revenue	$6.09B	$6.66B	$7.36B	$20.25B
Cost of revenue	$5.66B	$5.59B	$5.14B	$5.78B
Gross profit	$430.00M	$1.07B	$2.21B	$14.47B
Research & development	$1.17B	$1.06B	$1.13B	$1.33B
Selling, general & admin	$558.00M	$455.00M	$573.00M	$676.00M
Operating income	-$2.04B	-$468.00M	-$1.38B	$12.39B
Interest expense	$31.00M	$40.00M	$63.00M	$73.00M
Pre-tax income	-$2.00B	-$503.00M	-$1.48B	$13.02B
Income tax	$141.00M	$169.00M	$162.00M	$1.58B
Net income	-$2.14B	-$672.00M	-$1.64B	$11.43B
EBITDA	-$1.59B	-$244.00M	-$1.21B	$12.54B
EPS (basic)	$-14.78	$-4.63	$-11.32	$77.78
EPS (diluted)	$-14.78	$-4.63	$-11.32	$73.76
Diluted shares	145.00M	145.00M	145.00M	155.00M
Gross margin	7.1%	16.1%	30.1%	71.5%
Operating margin	-33.4%	-7.0%	-18.7%	61.2%
Net margin	-35.2%	-10.1%	-22.3%	56.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$292.00M	$328.00M	$1.48B	$4.76B
Receivables	—	$935.00M	$1.07B	$4.71B
Inventory	—	$1.96B	$2.08B	$2.70B
Total current assets	—	$3.55B	$5.09B	$12.78B
Goodwill	—	$7.21B	$5.00B	$4.99B
Total assets	—	$13.51B	$12.98B	$22.51B
Total current liabilities	—	$2.12B	$1.43B	$5.58B
Short-term debt	—	$0	$20.00M	$0
Long-term debt	—	$0	$1.83B	$0
Total debt	—	$0	$1.85B	$0
Total liabilities	—	$2.42B	$3.77B	$6.77B
Shareholders' equity	$11.44B	$11.08B	$9.22B	$15.74B

Cash flow

fiscal years · USD

Fiscal year	FY2023	FY2024	FY2025	FY2026
Operating cash flow	-$713.00M	-$309.00M	$84.00M	$11.67B
Capital expenditures	$219.00M	$166.00M	$204.00M	$177.00M
Free cash flow	-$932.00M	-$475.00M	-$120.00M	$11.49B
Investing cash flow	-$189.00M	$210.00M	$556.00M	-$1.39B
Financing cash flow	$860.00M	$136.00M	$518.00M	-$7.00B
Share buybacks	—	$0	$0	$4.52B
Stock-based compensation	$165.00M	$149.00M	$182.00M	$232.00M
Depreciation & amortization	$448.00M	$224.00M	$163.00M	$149.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026	Oct 2026
Revenue	$1.67B	$1.71B	$1.76B	$1.88B	$1.88B	$1.70B	$1.90B	$2.31B	$3.02B	$5.95B	$8.96B	$11.03B
Cost of revenue	$1.50B	$1.24B	$1.12B	$1.16B	$1.27B	$1.31B	$1.40B	$1.62B	$1.48B	$1.29B	$1.38B	$1.65B
Gross profit	$161.00M	$463.00M	$636.00M	$726.00M	$606.00M	$382.00M	$498.00M	$687.00M	$1.54B	$4.66B	$7.58B	$9.38B
Research & development	$246.00M	$277.00M	$298.00M	$283.00M	$279.00M	$285.00M	$285.00M	$316.00M	$327.00M	$337.00M	$348.00M	$384.00M
Selling, general & admin	$113.00M	$107.00M	$117.00M	$130.00M	$142.00M	$139.00M	$162.00M	$179.00M	$139.00M	$161.00M	$197.00M	$214.00M
Operating income	-$245.00M	$65.00M	$199.00M	$291.00M	$195.00M	-$1.88B	$18.00M	$176.00M	$1.06B	$4.11B	$7.04B	$8.78B
Interest expense	$11.00M	$9.00M	$9.00M	$2.00M	$4.00M	$16.00M	$41.00M	$40.00M	$25.00M	$6.00M	$2.00M	$2.00M
Pre-tax income	-$260.00M	$54.00M	-$503.00M	$267.00M	$173.00M	-$1.90B	-$1.48B	$124.00M	$937.00M	$4.11B	$7.85B	$9.32B
Income tax	$41.00M	$27.00M	$169.00M	$56.00M	$69.00M	$32.00M	$162.00M	$12.00M	$134.00M	$492.00M	$946.00M	$1.22B
Net income	-$301.00M	$27.00M	$120.00M	$211.00M	$104.00M	-$1.93B	-$23.00M	$112.00M	$803.00M	$3.62B	$6.90B	$8.10B
EBITDA	—	$121.00M	$253.00M	$345.00M	$231.00M	-$1.84B	$54.00M	$212.00M	$1.10B	$4.15B	$7.07B	$8.82B
EPS (basic)	—	$0.19	$0.83	$1.46	$0.72	$-13.33	$-0.16	$0.77	$5.46	$24.43	$46.96	$55.49
EPS (diluted)	—	$0.19	$0.83	$1.46	$0.72	$-13.33	$-0.16	$0.75	$5.15	$23.03	$44.34	$52.60
Diluted shares	—	145.00M	0	145.00M	145.00M	145.00M	0	149.00M	156.00M	157.00M	1.00M	154.00M
Gross margin	9.7%	27.2%	36.1%	38.6%	32.3%	22.5%	26.2%	29.8%	50.9%	78.4%	84.6%	85.0%
Operating margin	-14.7%	3.8%	11.3%	15.5%	10.4%	-111.0%	0.9%	7.6%	35.2%	69.1%	78.5%	79.6%
Net margin	-18.1%	1.6%	6.8%	11.2%	5.5%	-114.0%	-1.2%	4.9%	26.5%	60.8%	77.0%	73.4%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026	Oct 2026
Cash & equivalents	$425.00M	$377.00M	$328.00M	$322.00M	$804.00M	$1.51B	$1.48B	$1.44B	$1.54B	$3.73B	$4.76B	$5.14B
Receivables	—	—	$935.00M	—	$904.00M	$979.00M	$1.07B	$1.19B	$1.24B	$2.73B	$4.71B	$6.58B
Inventory	—	—	$1.96B	—	$2.17B	$2.16B	$2.08B	$1.91B	$1.97B	$2.24B	$2.70B	$3.02B
Total current assets	—	—	$3.55B	—	$4.46B	$5.09B	$5.09B	$4.98B	$5.15B	$9.17B	$12.78B	$15.35B
Goodwill	—	—	$7.21B	—	$6.83B	$5.00B	$5.00B	$5.00B	$5.00B	$4.99B	$4.99B	$5.00B
Total assets	—	—	$13.51B	—	$14.23B	$12.96B	$12.98B	$12.75B	$13.00B	$17.07B	$22.51B	$25.79B
Total current liabilities	—	—	$2.12B	—	$1.87B	$1.38B	$1.43B	$1.52B	$1.65B	$1.92B	$5.58B	$5.95B
Short-term debt	—	—	$0	—	—	$20.00M	$20.00M	$20.00M	$20.00M	$0	$0	—
Long-term debt	—	—	$0	—	—	$1.93B	$1.83B	$1.33B	$583.00M	$0	$0	—
Total debt	—	—	$0	—	—	$1.95B	$1.85B	$1.35B	$603.00M	$0	$0	—
Total liabilities	—	—	$2.42B	—	$2.23B	$3.80B	$3.77B	$3.37B	$2.79B	$3.30B	$6.77B	$7.66B
Shareholders' equity	$10.90B	$10.94B	$11.08B	$12.13B	$12.00B	$9.16B	$9.22B	$9.38B	$10.21B	$13.78B	$15.74B	$18.13B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026	Oct 2026
Operating cash flow	—	-$12.00M	-$130.00M	-$131.00M	$95.00M	$26.00M	$94.00M	$488.00M	$1.02B	$3.04B	$7.13B	$6.36B
Capital expenditures	—	$29.00M	$38.00M	$67.00M	$48.00M	$44.00M	$45.00M	$50.00M	$39.00M	$45.00M	$43.00M	$54.00M
Free cash flow	—	-$41.00M	-$168.00M	-$198.00M	$47.00M	-$18.00M	$49.00M	$438.00M	$980.00M	$2.99B	$7.08B	$6.31B
Investing cash flow	—	$100.00M	-$3.00M	-$19.00M	$188.00M	$404.00M	-$17.00M	-$15.00M	-$165.00M	-$83.00M	-$1.12B	-$238.00M
Financing cash flow	—	-$135.00M	$85.00M	$214.00M	$130.00M	$276.00M	-$102.00M	-$515.00M	-$758.00M	-$752.00M	-$4.98B	-$5.75B
Share buybacks	—	—	—	—	—	—	—	$0	—	—	—	$5.00B
Stock-based compensation	$37.00M	$38.00M	$34.00M	$41.00M	$48.00M	$44.00M	$49.00M	$53.00M	$58.00M	$54.00M	$67.00M	$91.00M
Depreciation & amortization	—	$56.00M	$54.00M	$54.00M	$36.00M	$37.00M	$36.00M	$36.00M	$38.00M	$38.00M	$37.00M	$43.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.