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Nasdaq · Technology

Sandisk Corp (SNDK)

As-reported financials and SEC filings for Sandisk Corp. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Sandisk Corp

Sandisk Corp develops, manufactures, and provides data storage devices and solutions based on NAND flash technology. Its products include solid-state drives, embedded products, removable cards, USB drives, and components serving cloud datacenters, client devices like PCs and mobile gadgets, and consumer markets worldwide. The company serves original equipment manufacturers, channel customers, and end users such as students, gamers, enterprises, and public cloud providers.

Snapshot

Revenue
$20.25B
Revenue growth (YoY)
175.3%
Net income
$11.43B
Diluted EPS
$73.76
Gross margin
71.5%
Operating margin
61.2%
Net margin
56.5%
FCF margin
56.8%
ROE
72.7%
net income / fiscal-year-end equity
P/E
21.2×
trailing when available, otherwise FY EPS
Market cap
$225.03B
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended July 3, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Sandisk

  • Revenue grew 175.3% to $20.2B in FY2026, faster than the 10.4% the year before.
  • Operating margin turned positive at 61.2% in FY2026, from a 33.4% operating loss in FY2023.
  • Most recent quarter Q4 FY2026: revenue $9.0B, up 371.6% from Q4 FY2025.
  • Free cash flow was $11.5B in FY2026, 56.8% of revenue.
  • Net income turned positive at $11.4B in FY2026, from a $1.6B loss in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Sandisk’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin71.5%
76th percentile of 509
Operating margin61.2%
99th percentile of 563
Net margin56.5%
98th percentile of 577
FCF margin56.8%
99th percentile of 544
Revenue growth (YoY)+175.3%
97th percentile of 616
ROE72.7%
96th percentile of 540
P/E21.2×
34th percentile of 330
Long-term debt / equity0.00×
1st percentile of 278
Short interest1.00d
1st percentile of 622

Sandisk’s operating margin of 61.2% ranks in the 99th percentile of the 563 Technology companies reporting it. Sandisk’s FCF margin of 56.8% ranks in the 99th percentile of the 544 Technology companies reporting it. Sandisk’s long-term debt to equity of 0.00 ranks in the 1st percentile of the 278 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $2.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
7
+7 quant / multi-strat
Initiated / added
2
2 new, 0 added
Reduced / exited
13
12 trimmed, 1 exited
Combined position
$5.83B
reported long value
InvestorAs ofPosition valueSharesChange
Whale Rock Capital ManagementQ2 2026$1.36B596.5KReduced
D. E. ShawquantQ2 2026$1.28B561.9KReduced
AQR Capital ManagementquantQ2 2026$965.3M445.3KReduced
Millennium ManagementquantQ2 2026$832.5M366.1KReduced
Two Sigma InvestmentsquantQ2 2026$549.5M241.7KReduced
Sands Capital ManagementQ2 2026$348.1M153.1KNew
Citadel AdvisorsquantQ2 2026$153.3M67.4KReduced
Gotham Asset ManagementQ2 2026$140.7M61.9KReduced
Point72 Asset ManagementquantQ2 2026$113.0M49.7KReduced
Duquesne Family OfficeQ2 2026$79.4M34.9KReduced
Renaissance TechnologiesquantQ2 2026$11.3M5.0KReduced
Maverick CapitalQ2 2026$1.3M575New
Bridgewater AssociatesQ2 2026$720,772317Reduced
Polen Capital ManagementQ2 2026$438,830193Reduced

No longer held by: Appaloosa (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$2.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-03
filed 2026-08-04
Shek BernardChief Legal Officer & SectySell600$1162.16$697K
2026-07-01
filed 2026-07-02
Shek BernardChief Legal Officer & SectySell600$2088.00$1.3M
2026-06-03
filed 2026-06-05
Shek BernardChief Legal Officer & SectySell600$1736.00$1.0M
2026-06-01
filed 2026-06-02
Ilkbahar AlperEVP, Chief Technology OfficerSell999$1755.31$1.8M
2026-06-01
filed 2026-06-02
Ilkbahar AlperEVP, Chief Technology OfficerSell600$1758.40$1.1M
2026-06-01
filed 2026-06-02
Ilkbahar AlperEVP, Chief Technology OfficerSell401$1757.00$705K
2026-05-12
filed 2026-05-14
Pokorny MichaelVP, Chief Accounting OfficerSell2.4K$1426.18$3.5M
2026-05-08
filed 2026-05-11
Sayiner NecipDirectorSell579$1503.11$870K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.7M
settled 2026-08-14
Change vs prior
+12.5%
vs previous settlement
Days to cover
1.00
at avg daily volume
Avg daily volume
15.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-147.7M+12.5%1.00
2026-07-316.8M-13.2%1.00
2026-07-157.9M+9.2%1.00
2026-06-307.2M-34.0%1.00
2026-06-1510.9M+18.5%1.00
2026-05-299.2M+0.8%1.00
2026-05-159.1M-15.6%1.00
2026-04-3010.8M+11.0%1.00

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023
Revenue$20.25B$7.36B$6.66B$6.09B
Gross profit$14.47B$2.21B$1.07B$430.0M
Operating income$12.39B$-1.38B$-468.0M$-2.04B
Net income$11.43B$-1.64B$-672.0M$-2.14B
Diluted EPS$73.76$-11.32$-4.63$-14.78

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023
Cash and equivalents$4.76B$1.48B$328.0M$292.0M
Current assets$12.78B$5.09B$3.55B
Total assets$22.51B$12.98B$13.51B
Current liabilities$5.58B$1.43B$2.12B
Long-term debt$0$1.83B$0
Total liabilities$6.77B$3.77B$2.42B
Total equity$15.74B$9.22B$11.08B$11.44B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023
Operating cash flow$11.67B$84.0M$-309.0M$-713.0M
Capital expenditure$177.0M$204.0M$166.0M$219.0M
Free cash flow$11.49B$-120.0M$-475.0M$-932.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$8.96B371.6%$6.90B$43.67
Q3 FY2026$5.95B251.0%$3.62B$23.03
Q2 FY2026$3.02B61.2%$803.0M$5.15
Q1 FY2026$2.31B22.6%$112.0M$0.75
Q4 FY2025$1.90B8.0%$-23.0M$-0.16
Q3 FY2025$1.70B-0.6%$-1.93B$-13.33
Q2 FY2025$1.88B12.7%$104.0M$0.72
Q1 FY2025$1.88B$211.0M$1.46

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryComputer Storage Devices
Latest annual periodFY2026 (ended July 3, 2026)
Latest reported quarterQ4 FY2026 (ended July 3, 2026)
Oldest indexed filing2024
SEC CIK2023554

Selected SEC filings

10-K2026-08-17
View on EDGAR →
10-K2025-08-21
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2026-01-30
View on EDGAR →
10-Q2025-11-07
View on EDGAR →
10-Q2025-05-12
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-05-15
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.