Sandisk (SNDK) Q3 FY2026 earnings: revenue $6.0 billion, up 251.0% on the year
Sandisk Corp. (SNDK) reported revenue of $6.0 billion for Q3 FY2026, the quarter ended 3 April 2026, up 251.0% on the same quarter a year earlier. Net income was $3.6 billion, and diluted earnings per share $23.03. The figures are the company's own, from the 10-Q it filed with the SEC on 1 May 2026.
Revenue
$6.0 billion
+251.0% on the year · +96.7% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
69.1%
-111.0% a year earlier
Q3 FY2024Q3 FY2026
Net income
$3.6 billion
+350.2% on the quarter
Q3 FY2024Q3 FY2026
Diluted EPS
$23.03
+347.2% on the quarter
Q3 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 9 new.
Revenue rose 97% sequentially: Revenue was $5,950 million, up 97% from $3,025 million in the second quarter and up 251% from $1,695 million a year earlier.
Mix shift and pricing cited: Management attributed the quarter's revenue result to a mix shift toward higher-value customers and to higher pricing.
Datacenter revenue rose most: Datacenter revenue was $1,467 million, up 233% from $440 million in the second quarter and up 645% from $197 million a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
3,038
1,019
26.0
+198.1%
+11,584.6%
Capital expenditure
45.0
39.0
44.0
+15.4%
+2.3%
Free cash flow
2,993
980
-18.0
+205.4%
Free cash flow margin
50.3%
32.4%
-1.1%
Cash from investing
-83.0
-165
404
Cash from financing
-752
-758
276
Depreciation and amortisation
38.0
38.0
37.0
0.0%
+2.7%
Share-based compensation
54.0
58.0
44.0
-6.9%
+22.7%
Diluted shares, weighted
157m
156m
145m
+0.6%
+8.3%
Shares outstanding at period end
148m
148m
145m
0.0%
+2.1%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
13,777
10,213
9,161
+34.9%
+50.4%
Debt
0.0
603
1,947
Operating lease liabilities
182
186
196
-2.2%
-7.1%
Other liabilities
3,116
1,996
1,656
+56.1%
+88.2%
Total liabilities and equity
17,075
12,998
12,960
+31.4%
+31.8%
Fixed assets
649
631
603
+2.9%
+7.6%
Goodwill
4,994
4,995
4,997
-0.0%
-0.1%
Cash and equivalents
3,735
1,539
1,507
+142.7%
+147.8%
Receivables
2,726
1,239
979
+120.0%
+178.4%
Inventory
2,238
1,970
2,160
+13.6%
+3.6%
Other assets
2,733
2,624
2,714
+4.2%
+0.7%
Total assets
17,075
12,998
12,960
+31.4%
+31.8%
Questions
What was Sandisk's revenue in Q3 FY2026?
Sandisk (SNDK) reported revenue of $6.0 billion for Q3 FY2026, the quarter ended 3 April 2026, up 251.0% on the same quarter a year earlier.
How much did Sandisk earn in Q3 FY2026?
Net income for Q3 FY2026 was $3.6 billion, and diluted earnings per share $23.03.
When did Sandisk report Q3 FY2026 results?
Sandisk filed its 10-Q for the quarter ended 3 April 2026 with the SEC on 1 May 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 3 April 2026, filed 1 May 2026: the filing.