Sandisk (SNDK) Q4 FY2026 earnings: revenue $9.0 billion, up 371.6% on the year
Sandisk Corp. (SNDK) reported revenue of $9.0 billion for Q4 FY2026, the quarter ended 3 July 2026, up 371.6% on the same quarter a year earlier. Net income was $6.9 billion, and diluted earnings per share $43.97. The figures are the company's own, from the 10-K it filed with the SEC on 17 August 2026.
Revenue
$9.0 billion
+371.6% on the year · +50.7% on the quarter
Q1 FY2025Q4 FY2026
Operating margin
78.5%
0.9% a year earlier
Q1 FY2025Q4 FY2026
Net income
$6.9 billion
+91.0% on the quarter
Q1 FY2025Q4 FY2026
Diluted EPS
$43.97
+90.9% on the quarter
Q1 FY2025Q4 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 10 new.
Fourth quarter revenue up 51%: Fourth quarter revenue was $8.97 billion, up 51% sequentially from $5.95 billion. GAAP net income was $6.90 billion, or $43.97 per diluted share, against $3,615 million in the third quarter.
Non-GAAP earnings per share $39.25: Non-GAAP diluted net income per share was $39.25 for the fourth quarter, against $23.41 in the third quarter. Non-GAAP net income was $6,162 million.
Fiscal 2026 revenue up 175%: Fiscal 2026 revenue was $20.25 billion, up 175% from $7,355 million. GAAP diluted EPS was $73.76 and non-GAAP diluted EPS was $70.88, against $2.99 in fiscal 2025.
$ million except per share. Read moreFourth quarters are the year less the first three quarters. 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. 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
Q4 FY2026
Q3 FY2026
Q4 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
7,126
3,038
94.0
+134.6%
+7,480.9%
Capital expenditure
43.0
45.0
45.0
-4.4%
-4.4%
Free cash flow
7,083
2,993
49.0
+136.7%
+14,355.1%
Free cash flow margin
79.0%
50.3%
2.6%
Cash from investing
-1,123
-83.0
-17.0
Cash from financing
-4,976
-752
-102
Depreciation and amortisation
37.0
38.0
36.0
-2.6%
+2.8%
Share-based compensation
67.0
54.0
49.0
+24.1%
+36.7%
Diluted shares, weighted
157m
157m
145m
0.0%
+8.3%
Shares outstanding at period end
146m
148m
146m
-1.4%
0.0%
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
Q4 FY2026
Q3 FY2026
Q4 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
15,736
13,777
9,216
+14.2%
+70.7%
Debt
0.0
0.0
1,849
Operating lease liabilities
177
182
193
-2.7%
-8.3%
Other liabilities
6,594
3,116
1,727
+111.6%
+281.8%
Total liabilities and equity
22,507
17,075
12,985
+31.8%
+73.3%
Fixed assets
674
649
619
+3.9%
+8.9%
Goodwill
4,994
4,994
4,999
0.0%
-0.1%
Cash and equivalents
4,762
3,735
1,481
+27.5%
+221.5%
Receivables
4,708
2,726
1,068
+72.7%
+340.8%
Inventory
2,698
2,238
2,079
+20.6%
+29.8%
Other assets
4,671
2,733
2,739
+70.9%
+70.5%
Total assets
22,507
17,075
12,985
+31.8%
+73.3%
Questions
What was Sandisk's revenue in Q4 FY2026?
Sandisk (SNDK) reported revenue of $9.0 billion for Q4 FY2026, the quarter ended 3 July 2026, up 371.6% on the same quarter a year earlier.
How much did Sandisk earn in Q4 FY2026?
Net income for Q4 FY2026 was $6.9 billion, and diluted earnings per share $43.97.
When did Sandisk report Q4 FY2026 results?
Sandisk filed its 10-K for the year that ended with the quarter on 17 August 2026; the fourth quarter is the year less the first three.
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-K for the period ended 3 July 2026, filed 17 August 2026: the filing.