SNDK

SanDisk

Memory & StorageAI exposure: Significant

NAND flash and enterprise SSDs; separated from Western Digital in 2025.

Next earnings: SanDisk has not announced its next earnings date. Its last earnings release was filed with the SEC on October 29, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead. Last earnings release on EDGAR

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?

Significant. A large and growing share of revenue or spending is AI-related.

Why SNDK is rated significant

Significant. Datacenter revenue was $2.98 billion of $8.97 billion in the quarter ended July 3, 2026 (33%), up 103% quarter over quarter, and $5.15 billion for the fiscal year, up 437%. Consumer and PC flash are still two-thirds of sales and follow the NAND price cycle, but the data-center line is the growth and the reason for the new long-term customer agreements.

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 TradingView

03What 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: 2026-10-29 (8-K)

Watch list

Amendment No. 1 to the JPMorgan loan agreement dated September 9, 2026 (8-K item 1.01 filed September 11), and the September 16 compensation changes for the CTO and chief legal officer (item 5.02) source
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

10-QQuarterly report2026-10-30document folder
8-KEarnings release · items 2.02,8.01,9.012026-10-29document folder
DEF 14AProxy statement2026-10-06document folder
8-KCurrent report · items 5.022026-09-16document folder
8-KCurrent report · items 1.01,9.012026-09-11document folder
10-KAnnual report2026-08-17document folder
8-KEarnings release · items 2.02,8.01,9.012026-08-05document folder
8-KCurrent report · items 8.01,9.012026-05-15document folder
10-QQuarterly report2026-05-01document folder
8-KEarnings release · items 2.02,8.01,9.012026-04-30document folder
8-KCurrent report · items 1.01,8.01,9.012026-03-25document folder
10-QQuarterly report2026-01-30document folder

Insider trades

Form 4, last 6 filings

Insider	Transaction	Shares	Avg price	Filed
Shek Bernard Chief Legal Officer and Secty	Tax withholding · disposed	322	$1,365.38	2026-10-22
Shek Bernard Chief Legal Officer and Secty	Open-market sale · disposed	600	$1,734.94	2026-10-02
Pokorny Michael VP, Chief Accounting Officer	Grant / award · acquired	458	—	2026-09-21
Visoso Luis Felipe EVP & CFO	Grant / award · acquired	1,635	—	2026-09-21
Goeckeler David Director, Chairman & CEO	Grant / award · acquired	3,296	—	2026-09-21
Goeckeler David Director, Chairman & CEO	Open-market sale · disposed	33,841	$1,574.21	2026-09-21
Shek Bernard Chief Legal Officer and Secty	Grant / award · acquired	1,001	—	2026-09-21
Shek Bernard Chief Legal Officer and Secty	Tax withholding · disposed	118	$1,791.82	2026-09-21

News

SNDK in plain answers

The questions readers ask about SanDisk, answered from the company's own filings and this site's research. Each answer names its source.

What does SanDisk (SNDK) supply to AI?+

Makes NAND flash memory and solid-state drives for consumers, PCs and data centers. Supplies the high-capacity SSDs used for AI data pipelines and inference storage.

How much does AI matter to SanDisk's business?+

AI exposure is rated significant on this site: A large and growing share of revenue or spending is AI-related. 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. Total revenue $8.965 billion, up 51% quarter over quarter and 372% year over year; fiscal 2026 revenue $20.248 billion, up 175%.

Company filing or release

When is SanDisk's next earnings date?+

SanDisk has not announced its next earnings date. Its last earnings release was filed with the SEC on October 29, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead.

Last earnings release on EDGAR

Are SanDisk insiders buying or selling SNDK stock?+

In the latest Form 4 filings for SNDK there are 2 open-market sales, 6 other transactions (grants, option exercises, tax withholding); the most recent was filed on October 22, 2026 by Shek Bernard. Every transaction links to the filing on SEC EDGAR below.

Most recent Form 4

What should investors watch for SNDK?+

Amendment No. 1 to the JPMorgan loan agreement dated September 9, 2026 (8-K item 1.01 filed September 11), and the September 16 compensation changes for the CTO and chief legal officer (item 5.02) Whether Q1 FY2027 revenue lands within the guided $10,300–$10,800 million Datacenter revenue after the 103% sequential jump to $2,977 million in Q4 FY2026

Source

What are the main risks for SanDisk?+

The timing and magnitude of AI-driven datacenter demand are unpredictable, and delayed or unrealized deployments could leave the company with excess inventory 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 Intense competition and industry consolidation drive declining NAND average selling prices and margins, and past cycles produced significant inventory write-downs and underutilization charges

10-K filed 2026-08-17, Item 1A

Which AI category is SNDK in?+

SanDisk is listed under Memory & Storage. NAND flash and enterprise SSDs; separated from Western Digital in 2025.

Related companies in Memory & Storage

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. No FY2027 Q1 earnings date is posted on the IR events page. Exposure re-rated from partial to significant on 2026-09-18 on the reported figures above.