Sandisk Corporation
As of Fiscal Year 2026 (ended July 3, 2026)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Total revenue (FY2026) | $20.25 billion, up 175% year-over-year, driven by an industry-wide AI-related surge in NAND flash pricing |
| GAAP operating income (FY2026) | $12.39 billion, versus a GAAP operating loss of $(1.38) billion in FY2025 (which included a roughly $1.8 billion goodwill impairment) |
| GAAP net income (FY2026) | $11.43 billion, diluted EPS $73.76, versus a GAAP net loss of $(1.64) billion in FY2025 |
| GAAP gross margin (FY2026) | 71.5%, sharply up from 30.1% in FY2025 |
| Free cash flow (FY2026) | $11.49 billion, versus $(120) million in FY2025 |
| Long-term debt (as of July 3, 2026) | fully repaid, down from $1.83 billion a year earlier |
| Cash and cash equivalents (as of July 3, 2026) | $4.76 billion, up from $1.48 billion |
| Capital returned to shareholders (FY2026) | $4.52 billion in share repurchases; board subsequently authorized an additional $14 billion |
| NAND flash revenue rank (calendar Q2 2026, TrendForce) | 5th among top global NAND suppliers with about $8.97 billion in quarterly revenue, behind Samsung (29.3% market share), SK hynix, Micron, and Kioxia (13.6% share); Sandisk's own share percentage was not stated by TrendForce |
| Employees (as of July 2026) | approximately 11,100 across 33 countries |
Sources: Sandisk was spun off from Western Digital as an independent public company in February 2025; FY2026 is its first fully standalone fiscal year, reported via the Q4/FY2026 earnings release (August 5, 2026) and FY2026 Form 10-K (filed August 17, 2026). FY2022-FY2024 figures in the revenue-history chart are 'Combined/Carve-out' financial statements representing Sandisk's flash business as part of Western Digital, not independently audited standalone results, and FY2025 blends roughly eight months of carve-out results with four months of standalone results -- treat the multi-year chart as directional, not a clean apples-to-apples series. FY2026's extraordinary results reflect an AI-driven spike in NAND flash pricing (an industry-wide cyclical upswing, not a new steady state) layered on top of a FY2025 that included a roughly $1.8 billion goodwill impairment. No third-party source publishes a specific NAND market-share percentage for Sandisk itself (TrendForce gives dollar revenue and rank, with percentages stated only for Samsung and Kioxia), so no market-share estimate is charted.