Sandisk Corp SNDK

Technology SIC 3572 - Computer Storage Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Computer and Peripheral Equipment Manufacturing › Computer Storage Device Manufacturing derived Nasdaq

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."

Last close 1,238.03 2026-10-23
Market cap $181.27B 2026-07-03 share count
52-week range 164.56 - 2,354.39

Valuation FY2026 figures against the last close

P/S9.0x
P/E16.8x
P/FCF15.8x
EV/EBITDA14.1x
Dividend yield—
Diluted EPS73.76

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Hong Kong
  • Rest of Asia
  • China
  • United States
  • Europe, Middle East and Africa
  • Other
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2026 Hong Kong, FY2026: 5.1B (25.3%) 25% Hong Kong Rest of Asia, FY2026: 4.6B (22.8%) 23% Rest of Asia China, FY2026: 4.5B (22.2%) 22% China United States, FY2026: 3.7B (18.3%) 18% United States Europe, Middle East and Africa, FY2026: 1.7B (8.6%) 9% Other, FY2026: 561M (2.8%) FY2025 Hong Kong, FY2025: 1.3B (17.7%) 18% Rest of Asia, FY2025: 1.1B (15.2%) 15% China, FY2025: 2B (27.7%) 28% United States, FY2025: 1.4B (19.7%) 20% Europe, Middle East and Africa, FY2025: 1.3B (17.4%) 17% Other, FY2025: 171M (2.3%) FY2024 Hong Kong, FY2024: 1B (15.7%) 16% Rest of Asia, FY2024: 917M (13.8%) 14% China, FY2024: 2.5B (38.3%) 38% United States, FY2024: 933M (14.0%) 14% Europe, Middle East and Africa, FY2024: 1.1B (15.9%) 16% Other, FY2024: 162M (2.4%)
Region FY2026FY2025FY2024
Hong Kong $5.13B $1.30B $1.04B
Rest of Asia $4.61B $1.12B $917.0M
China $4.50B $2.04B $2.55B
United States $3.71B $1.45B $933.0M
Europe, Middle East and Africa $1.73B $1.28B $1.06B
Other $561.0M $171.0M $162.0M

As the company reported it, from the “Geographic Information and Concentrations of Risk - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022
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.) 155.0M145.0M145.0M145.0M—

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022
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 FY2026FY2025FY2024FY2023FY2022
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2023: 6.1B Gross profit, FY2023: 430M Net income, FY2023: -2.1B Revenue, FY2024: 6.7B Gross profit, FY2024: 1.1B Net income, FY2024: -672M Revenue, FY2025: 7.4B Gross profit, FY2025: 2.2B Net income, FY2025: -1.6B Revenue, FY2026: 20.2B Gross profit, FY2026: 14.5B Net income, FY2026: 11.4B FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2022FY2023FY2024FY2025FY2026
Revenue — $6.09B $6.66B $7.36B $20.25B
Gross profit — $430.0M $1.07B $2.21B $14.47B
Net income — -$2.14B -$672.0M -$1.64B $11.43B

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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