SNDK
SanDiskMemory & StorageAI exposure: Partial
NAND flash and enterprise SSDs; separated from Western Digital in 2025.
Alerts for SNDK
01What does it supply?
Products, customers, and where it sits in the AI stack.
What the company does
Makes NAND flash memory and solid-state drives for consumers, PCs and data centers.
Its role in AI
Supplies the high-capacity SSDs used for AI data pipelines and inference storage.
02How much does AI matter to its business?
Partial. One line of business, or an indirect beneficiary.
Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.
Reported by the company
- Datacenter end-market revenue $2,977 million, up 103% sequentially from $1,467 million in Q3 FY2026; fiscal 2026 Datacenter revenue $5.153 billion, up 437% year over year.Source · Q4 FY2026, quarter ended July 3, 2026
- Total revenue $8.965 billion, up 51% quarter over quarter and 372% year over year; fiscal 2026 revenue $20.248 billion, up 175%.Source · Q4 FY2026, quarter ended July 3, 2026
- Fiscal Q1 2027 guidance: revenue $10,300–$10,800 million; non-GAAP diluted EPS $44.00–$46.00.Source · Guidance for Q1 FY2027, issued August 5, 2026
- Investor Day: enterprise data center flash TAM growing to 1.2 zettabytes by 2030; new business model agreements with eight customers cover ~50% of bits in FY2027 and ~two-thirds in FY2028.Source · 2026 Investor Day, August 13, 2026
Estimates
No third-party or editorial estimates are listed for SNDK. Only company-reported figures are shown at present.
Key financial metrics, by reporting period
Company-reported, via TradingView03What should visitors watch next?
Earnings, product launches, customer spending, and the risks that matter.
Next earnings
No announced date on file. Check the investor relations page.
Last earnings release: 2026-08-05 (8-K)
Watch list
- Whether Q1 FY2027 revenue lands within the guided $10,300–$10,800 million source
- Datacenter revenue after the 103% sequential jump to $2,977 million in Q4 FY2026 source
- Ramp of the Kioxia/Sandisk high-performance QLC 3D flash (BiCS10) announced August 12, 2026, targeted at AI and data-intensive workloads source
Growth drivers
- CEO David Goeckeler: Sandisk closed fiscal 2026 with a leading technology portfolio, established datacenter as a key growth pillar, and deepened customer partnerships source
- Long-term model (FY2028–FY2030): revenue growth in the mid-to-high teens consistent with bit growth, ~80% non-GAAP gross margin and ~75% non-GAAP operating margin source
- The 10-K cites its portfolio of flash storage solutions for AI workloads in datacenters, edge devices and consumer applications; BiCS10 QLC delivers a 60% bit-density gain over BiCS8 source
Risks
- The timing and magnitude of AI-driven datacenter demand are unpredictable, and delayed or unrealized deployments could leave the company with excess inventory source
- Sandisk must pay 50% of Flash Ventures' fixed costs regardless of orders and is limited in manufacturing flash independently of the Kioxia joint venture, so forecasting errors or capacity misalignment are costly source
- Intense competition and industry consolidation drive declining NAND average selling prices and margins, and past cycles produced significant inventory write-downs and underutilization charges source
The company's own risk factors: 10-K filed 2026-08-17, Item 1A.
Recent developments: SEC filings
Source: SEC EDGAR · refreshed every 15 min- 8-KCurrent report · items 5.022026-09-16documentfolder
- 8-KCurrent report · items 1.01,9.012026-09-11documentfolder
- 10-KAnnual report2026-08-17documentfolder
- 8-KEarnings release · items 2.02,8.01,9.012026-08-05documentfolder
- 8-KCurrent report · items 8.01,9.012026-05-15documentfolder
- 10-QQuarterly report2026-05-01documentfolder
- 8-KEarnings release · items 2.02,8.01,9.012026-04-30documentfolder
- 8-KCurrent report · items 1.01,8.01,9.012026-03-25documentfolder
- 10-QQuarterly report2026-01-30documentfolder
- 8-KEarnings release · items 2.02,9.012026-01-29documentfolder
- 8-KCurrent report · items 5.022026-01-02documentfolder
- 8-KCurrent report · items 5.072025-11-20documentfolder
Insider trades
Form 4, last 6 filings| Insider | Transaction | Shares | Avg price | Filed |
|---|---|---|---|---|
Visoso Luis Felipe EVP & CFO | Open-market sale · disposed | 1,000 | $1,568.83 | 2026-09-16 |
Goeckeler David Director, Chairman & CEO | Open-market sale · disposed | 33,838 | $1,527.87 | 2026-09-16 |
Ilkbahar Alper EVP & Chief Technology Officer | Open-market sale · disposed | 400 | $1,563.89 | 2026-09-08 |
Ilkbahar Alper EVP & Chief Technology Officer | Tax withholding · disposed | 3,244 | $1,554.99 | 2026-09-08 |
Ilkbahar Alper EVP & Chief Technology Officer | Open-market sale · disposed | 4,712 | $1,540.58 | 2026-09-08 |
Goeckeler David Director, Chairman & CEO | Tax withholding · disposed | 10,540 | $1,554.99 | 2026-09-08 |
Shek Bernard Chief Legal Officer & Secty | Tax withholding · disposed | 2,271 | $1,554.99 | 2026-09-08 |
Shek Bernard Chief Legal Officer & Secty | Open-market sale · disposed | 2,308 | $1,767.33 | 2026-09-08 |
News
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Compare all →Original sources
- Investor relations — earnings dates, releases, presentations
- SEC EDGAR company page — every filing (CIK 0002023554)
- Latest annual report (10-K) — filed 2026-08-17
- TradingView symbol page — full chart and data
Research note — Sandisk was spun off from Western Digital in February 2025; fiscal year ends around July 3. Q1 FY2027 non-GAAP gross margin guidance was extracted as 83.0%–84.9% from the SEC exhibit and 83.0%–85.0% from the IR page, so it is omitted. Two 8-Ks filed Sep 11 and Sep 16, 2026 were not read. No FY2027 Q1 earnings date is posted on the IR events page.