Revenue of $5.95 billion, up 251% YoY and up 97% QoQ
This is a Press Release edited by StorageNewsletter.com on May 6, 2026 at 2:01 pmSummary:
- Third quarter revenue was $5.95 billion, up 97% sequentially and above the guidance range, with GAAP net income reported at $3,615 million ($23.03 diluted net income per share)
- Revenue outperformance was driven by both our mix shift toward higher-value customers, with Datacenter up 233%, and higher pricing, third quarter Non-GAAP diluted net income per share was $23.41
- Ended the fiscal third quarter with three signed New Business Model agreements, signed two additional NBM agreements in the fiscal fourth quarter
- Expect fourth quarter revenue to be in the range of $7.75 billion to $8.25 billion, with expected Non-GAAP diluted net income per share to be in the range of $30.00 to $33.00
Sandisk Corp. reported fiscal third quarter financial results.
“This quarter marks a fundamental inflection point for Sandisk – where our technology leadership is enabling a deliberate shift in our mix toward the highest-value end markets, led by Datacenter,” said David Goeckeler, CEO, Sandisk. “We are also advancing to a new business model built on multi-year customer engagements backed by firm financial commitments. Together, this transformation is driving structurally higher and more durable earnings power,” continued Mr. Goeckeler. “With a zero-debt balance sheet, strong cash generation, and a recently authorized share repurchase program, we are positioned to deliver substantial long-term value creation for our shareholders.”
Q3 2026 Financial Highlights
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Basis of Presentation
On February 21, 2025, Sandisk Corporation completed its separation from Western Digital Corporation and became a standalone publicly traded company.
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