Sandisk Corp SNDK
Sandisk is a leading global semiconductor memory company with more than 30 years of innovation in NAND flash technology. We are a vertically integrated solutions provider with ownership of chip-level design and IP, front and back-end manufacturing, as well as systems engineering and design. With a differentiated innovation engine driving advancements in storage and semiconductor technologies, our broad and ever-expanding portfolio delivers powerful flash storage solutions for artificial intelligence ("AI") workloads in datacenters, edge devices, and consumer applications. Our technologies enable everyone from students, gamers, and home offices to the largest enterprises and public clouds to produce, analyze, and store data. Our solutions include a broad range of solid-state drives ("SSDs"), embedded products, removable cards, universal serial bus drives and wafers and components. Our broad portfolio of technology and products addresses multiple end markets of "Datacenter"(formerly referred to as "Cloud"), "Edge" (formerly referred to as "Client"), and "Consumer."
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $20.25B | $7.36B | $6.66B | $6.09B | — |
| Cost of revenue | $5.78B | $5.14B | $5.59B | $5.66B | — |
| Gross profit | $14.47B | $2.21B | $1.07B | $430.0M | — |
| R&D | $1.33B | $1.13B | $1.06B | $1.17B | — |
| SG&A | $676.0M | $573.0M | $455.0M | $558.0M | — |
| Total operating expenses | $2.08B | $3.59B | $1.54B | $2.46B | — |
| Operating income | $12.39B | -$1.38B | -$468.0M | -$2.04B | — |
| Interest expense | $73.0M | $63.0M | $40.0M | $31.0M | — |
| Pre-tax income | $13.02B | -$1.48B | -$503.0M | -$2.00B | — |
| Income tax | $1.58B | $162.0M | $169.0M | $141.0M | — |
| Net income | $11.43B | -$1.64B | -$672.0M | -$2.14B | — |
| EPS, basic | 77.78 | -11.32 | -4.63 | -14.78 | — |
| EPS, diluted | 73.76 | -11.32 | -4.63 | -14.78 | — |
| Shares, diluted (wtd. avg.) | $155.0M | $145.0M | $145.0M | $145.0M | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Cash and equivalents | $4.76B | $1.48B | $328.0M | $292.0M | $335.0M |
| Receivables | $4.71B | $1.07B | $935.0M | — | — |
| Inventory | $2.70B | $2.08B | $1.96B | — | — |
| Total current assets | $12.78B | $5.09B | $3.55B | — | — |
| Property, plant and equipment | $674.0M | $619.0M | $791.0M | — | — |
| Goodwill | $4.99B | $5.00B | $7.21B | — | — |
| Total assets | $22.51B | $12.98B | $13.51B | — | — |
| Short-term debt | $0 | $20.0M | $0 | — | — |
| Total current liabilities | $5.58B | $1.43B | $2.12B | — | — |
| Long-term debt | $0 | $1.83B | $0 | — | — |
| Total liabilities | $6.77B | $3.77B | $2.42B | — | — |
| Retained earnings | $9.65B | -$1.78B | $0 | — | — |
| Total equity | $15.74B | $9.22B | $11.08B | $11.44B | $12.98B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Operating cash flow | $11.67B | $84.0M | -$309.0M | -$713.0M | — |
| Depreciation and amortisation | $149.0M | $163.0M | $224.0M | $315.0M | — |
| Stock-based compensation | $232.0M | $182.0M | $149.0M | $165.0M | — |
| Capital expenditure | $177.0M | $204.0M | $166.0M | $219.0M | — |
| Investing cash flow | -$1.39B | $556.0M | $210.0M | -$189.0M | — |
| Financing cash flow | -$7.00B | $518.0M | $136.0M | $860.0M | — |
| Buybacks | $4.52B | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-057406.
Others in SIC 3572
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|---|---|---|---|---|
| STX | Seagate Technology Holdings plc | $192.48B | 61.1x | 34.1% |
| WDC | WESTERN DIGITAL CORP | $168.54B | 19.3x | 35.7% |
| NTAP | NetApp, Inc. | $36.45B | 29.2x | 5.4% |
| P | Everpure, Inc. | $33.16B | 180.9x | 15.6% |
| QMCO | QUANTUM CORP /DE/ | $974.6M | — | 2.0% |