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SNDKSanDisk Corp

Earnings Release

SanDisk Corp's latest earnings press release, filed Aug 5, 2026, scored line by line for tone, guidance and what changed since the prior release.

New outlook issued29 lines scoredFiled Aug 5, 2026SEC 8-K · Exhibit 99
Release Tone
75
UPBEAT
GuidanceNew outlook issuedWhat this release does to the company's outlook
Tone change▲ 13.2pointsvs the prior release (Apr 30, 2026)
Hedging language0.32per 100 words▲ 0.32 vs prior
New this quarter20of 29 linesWording that was not in the prior release

The lines that matter most

Ranked by how material, how strongly worded and how new each sentence is.

  1. 1

    Expanded our share repurchase authorization, with Sandisk’s Board of Directors approving an additional $14 billion buyback program, bringing total remaining authorization to $15.5 billion.

    New this quarter
  2. 2

    Total Revenue$20,248$7,355up 175%

    New this quarter
  3. 3

    Edge$12,160$4,127up 195%

    New this quarter
  4. 4

    Consumer$2,935$2,268up 29%

    New this quarter
  5. 5

    Datacenter$5,153$960up 437%

    New this quarter
  6. 6

    Fiscal year 2026 revenue was $20.25 billion, up 175% year-over-year, with GAAP net income reported at $11.43 billion ($73.76 diluted net income per share).

  7. 7

    Fiscal fourth quarter revenue was $8.97 billion, up 51% sequentially, with GAAP net income reported at $6.90 billion ($43.97 diluted net income per share).

  8. 8

    Since announcing five New Business Model (“NBM”) agreements during our April earnings call, we have signed five additional agreements, including three NBMs with new customers and two deals expanding on previously signed NBMs.

    New this quarter

Release by release

Tone and guidance for the last 2 earnings releases.

  1. Aug 5, 2026New outlook issued74.8+13.2
  2. Apr 30, 2026New outlook issued61.6

Bar length: tone on a 50–80 scale.

The release, annotated

1Highlight rankPositive toneNeutralNegative toneDimmed text: low materiality
Results
News Summary
7Fiscal fourth quarter revenue was $8.97 billion, up 51% sequentially, with GAAP net income reported at $6.90 billion ($43.97 diluted net income per share).
Sequential revenue growth came approximately one-third from higher volumes and two-thirds from higher pricing.
Fourth quarter Non-GAAP diluted net income per share was $39.25.
6Fiscal year 2026 revenue was $20.25 billion, up 175% year-over-year, with GAAP net income reported at $11.43 billion ($73.76 diluted net income per share).
Revenue outperformance was driven by both our mix shift toward higher-value customers, with Datacenter up 437%, and higher pricing.
Fiscal year 2026 Non-GAAP diluted net income per share was $70.88.
Corporate events
8Since announcing five New Business Model (“NBM”) agreements during our April earnings call, we have signed five additional agreements, including three NBMs with new customers and two deals expanding on previously signed NBMs.
Capital return
1Expanded our share repurchase authorization, with Sandisk’s Board of Directors approving an additional $14 billion buyback program, bringing total remaining authorization to $15.5 billion.
Outlook
Expect first quarter 2027 revenue to be in the range of $10.30 billion to $10.80 billion, with expected Non-GAAP diluted net income per share to be in the range of $44.00 to $46.00.
Results
MILPITAS, Calif. — August 5, 2026 — Sandisk Corporation (Nasdaq: SNDK) today reported fiscal fourth quarter financial results.
Management commentary
"We closed fiscal 2026 with a leading technology portfolio, established datacenter as a key growth pillar, and deepened our customer partnerships," said David Goeckeler, Chairman and Chief Executive Officer of Sandisk.
"Our technology and products are well positioned to create value for our customers and generate growing and durable free cash flow."
Results
Q4 2026 Financial Highlights
Fiscal Year 2026 Financial Highlights
Management commentary
End Market Summary
Results
Revenue ($ in millions)20262025Y/Y
5Datacenter$5,153$960up 437%
3Edge$12,160$4,127up 195%
4Consumer$2,935$2,268up 29%
2Total Revenue$20,248$7,355up 175%
Outlook
Business Outlook for Fiscal First Quarter of 2027
Revenue$10,300 - $10,800$10,300 - $10,800Guidance reaffirmed
Gross Margin83.0% - 84.9%83.0% - 85.0%
Operating Expenses$574 - $614$520 - $540
Tax Expense (2)N/A15.0%
Diluted Net Income Per ShareN/A$44.00 - $46.00
Diluted Shares Outstanding~ 155~ 155
Corporate events
On February 21, 2025, Sandisk Corporation (the “Company”) completed its separation from Western Digital Corporation (“WDC”) and became a standalone publicly traded company.
37 boilerplate lines (safe-harbor disclaimer, contacts, call details) are set aside.

How this is scored

  • Source: the press release SanDisk Corp filed with the SEC as Exhibit 99 to Form 8-K (Item 2.02). Financial statements and boilerplate are set aside.
  • Tone: a financial sentiment model scores each sentence 0 to 100; the release score weights sentences by how material they are.
  • Materiality and guidance: a classifier judges whether each sentence is specific information, and what the release does to the outlook.
  • New this quarter: wording that does not appear in the prior release.
  • Hedging: uncertainty words (may, could, approximately, headwinds and similar) per 100 words of narrative.

These scores describe the release's language. They are not a forecast or a recommendation. Read the original filing

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