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Sandisk (SNDK) Financials

Sandisk logo
$1,493.12 -102.96 (-6.45%)
Closing price 04:00 PM Eastern
Extended Trading
$1,478.50 -14.63 (-0.98%)
As of 07:25 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Sandisk

Annual Income Statements for Sandisk

This table shows Sandisk's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025 2026
Period end date 6/30/2023 6/28/2024 6/27/2025 7/3/2026
Total Costs & Expenses		 - 1,540 3,589 2,083
Net Income / (Loss) Attributable to Common Shareholders		 -2,143 -672 -1,641 11,433
Consolidated Net Income / (Loss)		 -2,143 -672 -1,641 11,433
Net Income / (Loss) Continuing Operations		 -2,143 -672 -1,641 11,433
Total Pre-Tax Income 		-2,002 -503 -1,479 13,017
Total Operating Income		 -2,035 -468 -1,377 12,389
Total Gross Profit		 430 1,072 2,212 14,472
Total Revenue		 6,086 6,663 7,355 20,248
Operating Revenue		 6,086 6,663 7,355 20,248
Total Cost of Revenue		 5,656 5,591 5,143 5,776
Operating Cost of Revenue		 5,656 5,591 5,143 5,776
Total Operating Expenses		 2,465 1,540 3,589 2,037
Selling, General & Admin Expense		 558 455 573 676
Research & Development Expense		 1,167 1,061 1,132 1,328
Other Operating Expenses / (Income)		 0.00 64 33 35
Impairment Charge		 671 0.00 1,830 0.00
Restructuring Charge		 69 -40 21 -2.00
Total Other Income / (Expense), net		 33 -35 -102 628
Interest Expense		 31 40 63 119
Interest & Investment Income		 21 12 22 70
Other Income / (Expense), net		 43 -7.00 -61 631
Income Tax Expense		 141 169 162 1,584
Basic Earnings per Share		 ($14.78) ($4.63) ($11.32) $77.78
Weighted Average Basic Shares Outstanding		 145M 145M 145M 147M
Diluted Earnings per Share		 ($14.78) ($4.63) ($11.32) $73.76
Weighted Average Diluted Shares Outstanding		 145M 145M 145M 155M
Weighted Average Basic & Diluted Shares Outstanding		 - - 145.81M 146.42M

Quarterly Income Statements for Sandisk

This table shows Sandisk's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/29/2023 3/29/2024 9/27/2024 12/27/2024 3/28/2025 6/27/2025 10/3/2025 1/2/2026 4/3/2026 7/3/2026
Net Income / (Loss) Attributable to Common Shareholders		 -301 27 211 104 -1,933 -23 112 803 3,615 6,903
Consolidated Net Income / (Loss)		 -301 27 211 104 -1,933 -23 112 803 3,615 6,903
Net Income / (Loss) Continuing Operations		 -301 27 211 104 -1,933 -23 112 803 3,615 6,903
Total Pre-Tax Income 		-260 54 267 173 -1,901 -18 124 937 4,107 7,849
Total Operating Income		 -245 65 291 195 -1,881 18 176 1,065 4,111 7,037
Total Gross Profit		 161 463 726 606 382 498 687 1,541 4,662 7,582
Total Revenue		 1,665 1,705 1,883 1,876 1,695 1,901 2,308 3,025 5,950 8,965
Operating Revenue		 1,665 1,705 1,883 1,876 1,695 1,901 2,308 3,025 5,950 8,965
Total Cost of Revenue		 1,504 1,242 1,157 1,270 1,313 1,403 1,621 1,484 1,288 1,383
Operating Cost of Revenue		 1,504 1,242 1,157 1,270 1,313 1,403 1,621 1,484 1,288 1,383
Total Operating Expenses		 406 398 435 411 2,263 480 511 476 551 499
Selling, General & Admin Expense		 113 107 130 142 139 162 179 139 161 197
Research & Development Expense		 246 277 283 279 285 285 316 327 337 348
Other Operating Expenses / (Income)		 34 12 20 -13 9.00 17 19 9.00 53 -46
Total Other Income / (Expense), net		 -15 -11 -24 -22 -20 -36 -52 -128 -4.00 812
Interest Expense		 11 9.00 2.00 4.00 16 41 40 25 6.00 48
Interest & Investment Income		 3.00 3.00 3.00 2.00 6.00 11 16 12 12 30
Other Income / (Expense), net		 -7.00 -5.00 -25 -20 -10 -6.00 -28 -115 -10 784
Income Tax Expense		 41 27 56 69 32 5.00 12 134 492 946
Basic Earnings per Share		 - $0.19 $1.46 $0.72 ($13.33) ($0.17) $0.77 $5.46 $24.43 $47.12
Weighted Average Basic Shares Outstanding		 - 145M 145M 145M 145M 145M 146M 147M 148M 147M
Diluted Earnings per Share		 - $0.19 $1.46 $0.72 ($13.33) ($0.17) $0.75 $5.15 $23.03 $44.83
Weighted Average Diluted Shares Outstanding		 - 145M 145M 145M 145M 145M 149M 156M 157M 155M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 144.86M 145.30M 145.81M 146.55M 147.57M 148.09M 146.42M

Annual Cash Flow Statements for Sandisk

This table details how cash moves in and out of Sandisk's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025 2026
Period end date 6/30/2023 6/28/2024 6/27/2025 7/3/2026
Net Change in Cash & Equivalents		 -43 36 1,153 3,281
Net Cash From Operating Activities		 -713 -309 84 11,671
Net Cash From Continuing Operating Activities		 -713 -309 84 11,671
Net Income / (Loss) Continuing Operations		 -2,143 -672 -1,641 11,433
Consolidated Net Income / (Loss)		 -2,143 -672 -1,641 11,433
Depreciation Expense		 448 224 163 149
Amortization Expense		 0.00 0.00 3.00 7.00
Non-Cash Adjustments To Reconcile Net Income		 752 167 1,917 948
Changes in Operating Assets and Liabilities, net		 230 -28 -358 -866
Net Cash From Investing Activities		 -189 210 556 -1,386
Net Cash From Continuing Investing Activities		 -189 210 556 -1,386
Purchase of Property, Plant & Equipment		 -219 -166 -204 -177
Purchase of Investments		 - 0.00 0.00 -970
Sale of Property, Plant & Equipment		 0.00 137 0.00 0.00
Divestitures		 0.00 0.00 401 25
Sale and/or Maturity of Investments		 657 482 516 198
Other Investing Activities, net		 -627 -243 -157 -462
Net Cash From Financing Activities		 860 136 518 -7,001
Net Cash From Continuing Financing Activities		 860 136 518 -7,001
Repayment of Debt		 130 -88 -107 -1,900
Repurchase of Common Equity		 - 0.00 0.00 -4,524
Issuance of Debt		 54 0.00 2,520 0.00
Issuance of Common Equity		 0.00 0.00 5.00 53
Other Financing Activities, net		 676 224 -1,900 -630
Effect of Exchange Rate Changes		 -1.00 -1.00 -5.00 -3.00
Cash Interest Paid		 7.00 12 139 116
Cash Interest Received		 12 10 2.00 70
Cash Income Taxes Paid		 0.00 0.00 50 146

Quarterly Cash Flow Statements for Sandisk

This table details how cash moves in and out of Sandisk's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025 6/27/2025 10/3/2025 1/2/2026 4/3/2026 7/3/2026
Net Change in Cash & Equivalents		 -48 -49 64 412 703 -26 -39 97 2,196 1,027
Net Cash From Operating Activities		 -12 -130 -131 95 26 94 488 1,019 3,038 7,126
Net Cash From Continuing Operating Activities		 -12 -130 -131 95 26 94 488 1,019 3,038 7,126
Net Income / (Loss) Continuing Operations		 27 120 211 104 -1,933 -23 112 803 3,615 6,903
Consolidated Net Income / (Loss)		 27 120 211 104 -1,933 -23 112 803 3,615 6,903
Depreciation Expense		 56 54 54 36 37 36 36 38 38 37
Amortization Expense		 - - 0.00 - - 2.00 2.00 3.00 1.00 1.00
Non-Cash Adjustments To Reconcile Net Income		 30 77 -53 66 1,879 36 94 89 132 633
Changes in Operating Assets and Liabilities, net		 -125 -381 -343 -111 42 43 244 86 -748 -448
Net Cash From Investing Activities		 100 -3.00 -19 188 404 -17 -15 -165 -83 -1,123
Net Cash From Continuing Investing Activities		 100 -3.00 -19 188 404 -17 -15 -165 -83 -1,123
Purchase of Property, Plant & Equipment		 -29 -38 -67 -48 -44 -45 -50 -39 -45 -43
Sale and/or Maturity of Investments		 128 91 62 121 246 87 97 43 45 13
Other Investing Activities, net		 - -59 -14 -76 -8.00 -59 -87 -169 -83 -123
Net Cash From Financing Activities		 -135 85 214 130 276 -102 -515 -758 -752 -4,976
Net Cash From Continuing Financing Activities		 -135 85 214 130 276 -102 -515 -758 -752 -4,976
Issuance of Common Equity		 - - - - - - - - - 29
Other Financing Activities, net		 -47 71 189 -420 -1,662 -7.00 -15 -32 -102 -481
Cash Interest Paid		 4.00 2.00 98 1.00 3.00 37 48 14 49 5.00
Cash Interest Received		 1.00 2.00 1.00 1.00 - - 16 12 12 30
Cash Income Taxes Paid		 - - 0.00 - - 40 39 53 25 29

Annual Balance Sheets for Sandisk

This table presents Sandisk's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025 2026
Period end date 6/28/2024 6/27/2025 7/3/2026
Total Assets		 13,506 12,985 22,507
Total Current Assets		 3,548 5,086 12,780
Cash & Equivalents		 328 1,481 4,762
Accounts Receivable		 935 1,068 4,708
Inventories, net		 1,955 2,079 2,698
Current Deferred & Refundable Income Taxes		 7.00 66 22
Other Current Assets		 221 392 590
Plant, Property, & Equipment, net		 791 619 674
Total Noncurrent Assets		 9,167 7,280 9,053
Long-Term Investments		 1,001 654 2,455
Goodwill		 7,207 4,999 4,994
Noncurrent Deferred & Refundable Income Taxes		 107 138 235
Other Noncurrent Operating Assets		 852 1,489 1,369
Total Liabilities & Shareholders' Equity		 13,506 12,985 22,507
Total Liabilities		 2,424 3,769 6,771
Total Current Liabilities		 2,123 1,427 5,581
Short-Term Debt		 814 20 0.00
Accounts Payable		 670 766 976
Accrued Expenses		 424 274 313
Current Deferred & Payable Income Tax Liabilities		 20 43 1,286
Current Employee Benefit Liabilities		 195 173 657
Other Current Liabilities		 - 151 2,349
Total Noncurrent Liabilities		 301 2,342 1,190
Long-Term Debt		 0.00 1,829 0.00
Noncurrent Deferred Revenue		 - 131 258
Noncurrent Deferred & Payable Income Tax Liabilities		 15 17 161
Other Noncurrent Operating Liabilities		 286 365 771
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 11,082 9,216 15,736
Total Preferred & Common Equity		 11,082 9,216 15,736
Total Common Equity		 11,082 9,216 15,736
Common Stock		 0.00 11,249 10,880
Retained Earnings		 0.00 -1,784 9,649
Accumulated Other Comprehensive Income / (Loss)		 -452 -249 -256
Other Equity Adjustments		 11,534 0.00 -4,537

Quarterly Balance Sheets for Sandisk

This table presents Sandisk's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/27/2024 3/28/2025 10/3/2025 1/2/2026 4/3/2026
Total Assets		 14,234 12,960 12,749 12,998 17,075
Total Current Assets		 4,456 5,090 4,984 5,150 9,168
Cash & Equivalents		 804 1,507 1,442 1,539 3,735
Accounts Receivable		 904 979 1,193 1,239 2,726
Inventories, net		 2,172 2,160 1,907 1,970 2,238
Current Deferred & Refundable Income Taxes		 8.00 53 72 45 81
Other Current Assets		 568 391 370 357 388
Plant, Property, & Equipment, net		 579 603 630 631 649
Total Noncurrent Assets		 9,199 7,267 7,135 7,217 7,258
Long-Term Investments		 871 662 602 677 684
Goodwill		 6,825 4,997 4,998 4,995 4,994
Noncurrent Deferred & Refundable Income Taxes		 109 130 118 160 221
Other Noncurrent Operating Assets		 1,394 1,478 1,417 1,385 1,359
Total Liabilities & Shareholders' Equity		 14,234 12,960 12,749 12,998 17,075
Total Liabilities		 2,233 3,799 3,368 2,785 3,298
Total Current Liabilities		 1,873 1,375 1,516 1,654 1,917
Short-Term Debt		 553 20 20 20 0.00
Accounts Payable		 689 758 884 869 851
Accrued Expenses		 438 446 382 393 383
Current Deferred & Payable Income Tax Liabilities		 5.00 37 22 99 31
Current Employee Benefit Liabilities		 188 114 208 273 329
Other Current Liabilities		 - - - - 323
Total Noncurrent Liabilities		 360 2,424 1,852 1,131 1,381
Long-Term Debt		 - 1,927 1,331 583 0.00
Noncurrent Deferred Revenue		 - - - - 783
Noncurrent Deferred & Payable Income Tax Liabilities		 53 17 28 22 17
Other Noncurrent Operating Liabilities		 307 480 493 526 581
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 12,001 9,161 9,381 10,213 13,777
Total Preferred & Common Equity		 12,001 9,161 9,381 10,213 13,777
Total Common Equity		 12,001 9,161 9,381 10,213 13,777
Common Stock		 - 11,228 11,287 11,337 11,290
Retained Earnings		 - -1,761 -1,672 -869 2,746
Accumulated Other Comprehensive Income / (Loss)		 -434 -306 -234 -255 -259

Annual Metrics And Ratios for Sandisk

This table displays calculated financial ratios and metrics derived from Sandisk's official financial filings.

Metric 2023 2024 2025 2026
Period end date 6/30/2023 6/28/2024 6/27/2025 7/3/2026
DEI Shares Outstanding		 - - - 148,089,758.00
DEI Adjusted Shares Outstanding		 - - - 148,089,758.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - 77.20
Growth Metrics		 - - - -
Revenue Growth		 0.00% 9.48% 10.39% 175.30%
EBITDA Growth		 0.00% 83.74% -406.77% 1,135.85%
EBIT Growth		 0.00% 76.15% -202.74% 1,005.42%
NOPAT Growth		 0.00% 77.00% -194.23% 1,228.90%
Net Income Growth		 0.00% 68.64% -144.20% 796.71%
EPS Growth		 0.00% 68.67% -144.49% 751.59%
Operating Cash Flow Growth		 0.00% 56.66% 127.18% 13,794.05%
Free Cash Flow Firm Growth		 0.00% 0.00% 106.18% 1,577.67%
Invested Capital Growth		 0.00% 0.00% -15.49% -4.60%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 53.58%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 145.50%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 149.86%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 131.54%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 153.67%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 156.47%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 151.58%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -8.97%
Profitability Metrics		 - - - -
Gross Margin		 7.07% 16.09% 30.07% 71.47%
EBITDA Margin		 -25.37% -3.77% -17.29% 65.07%
Operating Margin		 -33.44% -7.02% -18.72% 61.19%
EBIT Margin		 -32.73% -7.13% -19.55% 64.30%
Profit (Net Income) Margin		 -35.21% -10.09% -22.31% 56.46%
Tax Burden Percent		 107.04% 133.60% 110.95% 87.83%
Interest Burden Percent		 100.50% 105.89% 102.85% 99.98%
Effective Tax Rate		 0.00% 0.00% 0.00% 12.17%
Return on Invested Capital (ROIC)		 0.00% -6.20% -9.89% 124.72%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 127.55% 159.18% 110.02%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -5.93% -6.28% -33.08%
Return on Equity (ROE)		 0.00% -12.13% -16.17% 91.64%
Cash Return on Invested Capital (CROIC)		 0.00% -206.20% 6.90% 129.43%
Operating Return on Assets (OROA)		 0.00% -3.52% -10.86% 73.37%
Return on Assets (ROA)		 0.00% -4.98% -12.39% 64.43%
Return on Common Equity (ROCE)		 0.00% -12.13% -16.17% 91.64%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1,425 -328 -964 10,881
NOPAT Margin		 -23.41% -4.92% -13.11% 53.74%
Net Nonoperating Expense Percent (NNEP)		 0.00% -133.75% -169.06% 14.70%
Return On Investment Capital (ROIC_SIMPLE)		 - -2.75% -8.71% 69.15%
Cost of Revenue to Revenue		 92.93% 83.91% 69.93% 28.53%
SG&A Expenses to Revenue		 9.17% 6.83% 7.79% 3.34%
R&D to Revenue		 19.18% 15.92% 15.39% 6.56%
Operating Expenses to Revenue		 40.50% 23.11% 48.80% 10.06%
Earnings before Interest and Taxes (EBIT)		 -1,992 -475 -1,438 13,020
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1,544 -251 -1,272 13,176
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.74 17.19
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.62 25.18
Price to Revenue (P/Rev)		 0.00 0.00 0.93 13.36
Price to Earnings (P/E)		 0.00 0.00 0.00 23.66
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 4.23%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.73 30.90
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.89 13.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 19.98
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 20.22
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 24.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 77.99 22.56
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 9.73 23.31
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.07 0.20 0.00
Long-Term Debt to Equity		 0.00 0.00 0.20 0.00
Financial Leverage		 0.00 -0.05 -0.04 -0.30
Leverage Ratio		 0.00 1.22 1.31 1.42
Compound Leverage Factor		 0.00 1.29 1.34 1.42
Debt to Total Capital		 0.00% 6.84% 16.71% 0.00%
Short-Term Debt to Total Capital		 0.00% 6.84% 0.18% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 16.53% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 93.16% 83.29% 100.00%
Debt to EBITDA		 0.00 -3.24 -1.45 0.00
Net Debt to EBITDA		 0.00 2.05 0.22 0.00
Long-Term Debt to EBITDA		 0.00 0.00 -1.44 0.00
Debt to NOPAT		 0.00 -2.48 -1.92 0.00
Net Debt to NOPAT		 0.00 1.57 0.30 0.00
Long-Term Debt to NOPAT		 0.00 0.00 -1.90 0.00
Altman Z-Score		 0.00 0.00 1.44 27.76
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 1.67 3.56 2.29
Quick Ratio		 0.00 0.64 1.79 1.70
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -10,895 673 11,292
Operating Cash Flow to CapEx		 -325.57% -1,065.52% 41.18% 6,593.79%
Free Cash Flow to Firm to Interest Expense		 0.00 -272.37 10.68 94.89
Operating Cash Flow to Interest Expense		 -23.00 -7.73 1.33 98.08
Operating Cash Flow Less CapEx to Interest Expense		 -30.06 -8.45 -1.90 96.59
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.49 0.56 1.14
Accounts Receivable Turnover		 0.00 7.13 7.34 7.01
Inventory Turnover		 0.00 2.86 2.55 2.42
Fixed Asset Turnover		 0.00 8.42 10.43 31.32
Accounts Payable Turnover		 0.00 8.34 7.16 6.63
Days Sales Outstanding (DSO)		 0.00 51.22 49.70 52.06
Days Inventory Outstanding (DIO)		 0.00 127.63 143.15 150.94
Days Payable Outstanding (DPO)		 0.00 43.74 50.96 55.04
Cash Conversion Cycle (CCC)		 0.00 135.11 141.89 147.96
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 10,567 8,930 8,519
Invested Capital Turnover		 0.00 1.26 0.75 2.32
Increase / (Decrease) in Invested Capital		 0.00 10,567 -1,637 -411
Enterprise Value (EV)		 0.00 0.00 6,551 263,258
Market Capitalization		 0.00 0.00 6,837 270,475
Book Value per Share		 $0.00 $76.43 $63.43 $106.26
Tangible Book Value per Share		 $0.00 $26.72 $29.02 $72.54
Total Capital		 0.00 11,896 11,065 15,736
Total Debt		 0.00 814 1,849 0.00
Total Long-Term Debt		 0.00 0.00 1,829 0.00
Net Debt		 0.00 -515 -286 -7,217
Capital Expenditures (CapEx)		 219 29 204 177
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 1,911 2,198 2,437
Debt-free Net Working Capital (DFNWC)		 0.00 2,239 3,679 7,199
Net Working Capital (NWC)		 0.00 1,425 3,659 7,199
Net Nonoperating Expense (NNE)		 719 344 677 -552
Net Nonoperating Obligations (NNO)		 0.00 -515 -286 -7,217
Total Depreciation and Amortization (D&A)		 448 224 166 156
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 28.68% 29.88% 12.04%
Debt-free Net Working Capital to Revenue		 0.00% 33.60% 50.02% 35.55%
Net Working Capital to Revenue		 0.00% 21.39% 49.75% 35.55%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($11.32) $77.78
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 145M 147M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($11.32) $73.76
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 145M 155M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 145.81M 146.42M
Normalized Net Operating Profit after Tax (NOPAT)		 -907 -356 332 10,880
Normalized NOPAT Margin		 -14.89% -5.34% 4.51% 53.73%
Pre Tax Income Margin		 -32.90% -7.55% -20.11% 64.29%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 -64.26 -11.88 -22.83 109.41
NOPAT to Interest Expense		 -45.95 -8.19 -15.30 91.44
EBIT Less CapEx to Interest Expense		 -71.32 -12.60 -26.06 107.92
NOPAT Less CapEx to Interest Expense		 -53.02 -8.92 -18.54 89.95
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 39.57%

Quarterly Metrics And Ratios for Sandisk

This table displays calculated financial ratios and metrics derived from Sandisk's official financial filings.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/29/2023 3/29/2024 9/27/2024 12/27/2024 3/28/2025 6/27/2025 10/3/2025 1/2/2026 4/3/2026 7/3/2026
DEI Shares Outstanding		 - - - - - 145,299,218.00 - - 147,567,249.00 148,089,758.00
DEI Adjusted Shares Outstanding		 - - - - - 145,299,218.00 - - 147,567,249.00 148,089,758.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.16 - - 24.50 46.61
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 12.67% -0.59% 0.00% 22.57% 61.25% 251.03% 371.59%
EBITDA Growth		 0.00% 0.00% 0.00% 169.44% -1,698.28% 0.00% -41.88% 369.67% 323.42% 15,618.00%
EBIT Growth		 0.00% 0.00% 0.00% 169.44% -3,251.67% 0.00% -44.36% 442.86% 316.87% 65,075.00%
NOPAT Growth		 0.00% 0.00% 0.00% 168.35% -4,151.38% 0.00% -30.87% 678.58% 374.82% 49,017.99%
Net Income Growth		 0.00% 0.00% 0.00% 134.55% -7,259.26% 0.00% -46.92% 672.12% 287.02% 30,113.04%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -7,115.79% 0.00% -48.63% 615.28% 272.77% 26,470.59%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% 316.67% 172.31% 472.52% 972.63% 11,584.62% 7,480.85%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 129.66% 131.20% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -20.95% 4.69% -4.60%
Revenue Q/Q Growth		 0.00% 2.40% 0.00% 0.00% -9.65% 12.15% 0.00% 31.07% 96.69% 50.67%
EBITDA Q/Q Growth		 0.00% 146.03% 0.00% 0.00% -1,159.43% 102.70% 0.00% 432.80% 317.76% 89.83%
EBIT Q/Q Growth		 0.00% 123.81% 0.00% 0.00% -1,180.57% 100.63% 0.00% 541.89% 331.68% 90.71%
NOPAT Q/Q Growth		 0.00% 118.95% 0.00% 0.00% -1,223.22% 100.96% 0.00% 474.14% 296.47% 71.03%
Net Income Q/Q Growth		 0.00% 108.97% 0.00% 0.00% -1,958.65% 98.81% 0.00% 616.96% 350.19% 90.95%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 98.72% 0.00% 586.67% 347.18% 94.66%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -0.77% 0.00% 0.00% 261.54% 419.15% 108.81% 198.14% 134.56%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 4.70% 100.00% 0.00% 137.42% 0.25% 106.28%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -17.83% -0.10% 0.00% -1.01% 8.81% -8.97%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 9.67% 27.16% 38.56% 32.30% 22.54% 26.20% 29.77% 50.94% 78.35% 84.57%
EBITDA Margin		 -15.14% 6.80% 16.99% 9.33% -109.38% 2.63% 8.06% 32.76% 69.58% 87.66%
Operating Margin		 -14.71% 3.81% 15.45% 10.39% -110.97% 0.95% 7.63% 35.21% 69.09% 78.49%
EBIT Margin		 -15.14% 3.52% 14.13% 9.33% -111.56% 0.63% 6.41% 31.41% 68.92% 87.24%
Profit (Net Income) Margin		 -18.08% 1.58% 11.21% 5.54% -114.04% -1.21% 4.85% 26.55% 60.76% 77.00%
Tax Burden Percent		 115.77% 50.00% 79.03% 60.12% 101.68% 127.78% 90.32% 85.70% 88.02% 87.95%
Interest Burden Percent		 103.17% 90.00% 100.38% 98.86% 100.53% -150.00% 83.78% 98.63% 100.15% 100.36%
Effective Tax Rate		 0.00% 50.00% 20.97% 39.88% 0.00% 0.00% 9.68% 14.30% 11.98% 12.05%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.55% 12.34% 27.66% 87.64% 160.21%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 12.99% 25.89% 35.68% 87.79% 141.18%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% -0.40% -1.91% -4.39% -17.76% -42.45%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 10.42% 23.27% 69.88% 117.76%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 7.54% 0.00% 0.00% 0.00% 129.43%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 3.91% 20.59% 60.51% 99.54%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% -0.67% 2.96% 17.41% 53.34% 87.86%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 10.42% 23.27% 69.88% 117.76%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -172 33 230 117 -1,317 13 159 913 3,619 6,189
NOPAT Margin		 -10.30% 1.91% 12.21% 6.25% -77.68% 0.66% 6.89% 30.17% 60.82% 69.03%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -2.36% -555.23% -12.45% -13.55% -8.02% -0.15% 19.04%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 0.93% -11.85% 0.11% 1.48% 8.44% 26.26% 39.33%
Cost of Revenue to Revenue		 90.33% 72.84% 61.44% 67.70% 77.46% 73.80% 70.23% 49.06% 21.65% 15.43%
SG&A Expenses to Revenue		 6.79% 6.28% 6.90% 7.57% 8.20% 8.52% 7.76% 4.60% 2.71% 2.20%
R&D to Revenue		 14.77% 16.25% 15.03% 14.87% 16.81% 14.99% 13.69% 10.81% 5.66% 3.88%
Operating Expenses to Revenue		 24.38% 23.34% 23.10% 21.91% 133.51% 25.25% 22.14% 15.74% 9.26% 5.57%
Earnings before Interest and Taxes (EBIT)		 -252 60 266 175 -1,891 12 148 950 4,101 7,821
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -252 116 320 175 -1,854 50 186 991 4,140 7,859
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.78 0.74 2.04 4.20 8.00 17.19
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 1.71 1.62 4.37 8.23 12.54 25.18
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.93 2.46 4.81 8.35 13.36
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.44 23.66
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.09% 4.23%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.77 0.73 2.12 4.81 11.30 30.90
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.89 2.37 4.63 8.02 13.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.70 19.98
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.29 20.22
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.50 24.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 77.99 26.23 25.40 22.79 22.56
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.31
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.05 0.21 0.20 0.14 0.06 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.21 0.20 0.14 0.06 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 -0.09 -0.02 -0.03 -0.07 -0.12 -0.20 -0.30
Leverage Ratio		 0.00 0.00 0.00 1.19 1.41 1.31 1.36 1.23 1.31 1.42
Compound Leverage Factor		 0.00 0.00 0.00 1.17 1.42 -1.96 1.14 1.21 1.31 1.43
Debt to Total Capital		 0.00% 0.00% 0.00% 4.41% 17.53% 16.71% 12.59% 5.58% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 4.41% 0.18% 0.18% 0.19% 0.18% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 17.35% 16.53% 12.40% 5.39% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 95.60% 82.47% 83.29% 87.41% 94.42% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -1.45 -0.96 -0.96 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.22 0.49 2.58 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -1.44 -0.95 -0.93 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -1.92 -1.29 -1.38 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.30 0.66 3.70 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -1.90 -1.27 -1.34 0.00 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 1.80 4.20 10.41 22.34 27.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 2.38 3.70 3.56 3.29 3.11 4.78 2.29
Quick Ratio		 0.00 0.00 0.00 0.91 1.81 1.79 1.74 1.68 3.37 1.70
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 -10,762 -10,256 0.00 -8,529 3,192 3,200 6,600
Operating Cash Flow to CapEx		 0.00% -41.38% -195.52% 0.00% 59.09% 208.89% 976.00% 2,612.82% 6,751.11% 16,572.09%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -2,690.44 -640.98 0.00 -213.23 127.67 533.25 137.50
Operating Cash Flow to Interest Expense		 0.00 -1.33 -65.50 0.00 1.63 2.29 12.20 40.76 506.33 148.46
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -4.56 -99.00 0.00 -1.13 1.20 10.95 39.20 498.83 147.56
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.56 0.61 0.66 0.88 1.14
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 7.34 6.52 8.33 7.12 7.01
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 2.55 2.94 2.81 2.64 2.42
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 10.43 12.35 14.76 21.06 31.32
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 7.16 6.34 7.47 7.20 6.63
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 49.70 55.97 43.80 51.29 52.06
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 143.15 124.14 129.86 138.48 150.94
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 50.96 57.55 48.85 50.66 55.04
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 141.89 122.56 124.81 139.10 147.96
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 10,879 8,939 8,930 8,688 8,600 9,358 8,519
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.82 1.79 0.92 1.44 2.32
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 10,879 8,939 0.00 8,688 -2,279 419 -411
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 6,879 6,551 18,440 41,324 105,731 263,258
Market Capitalization		 0.00 0.00 0.00 0.00 7,101 6,837 19,133 42,937 110,150 270,475
Book Value per Share		 $0.00 $0.00 $0.00 $82.84 $63.24 $63.43 $64.34 $69.69 $93.36 $106.26
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $35.73 $28.74 $29.02 $30.06 $35.60 $59.52 $72.54
Total Capital		 0.00 0.00 0.00 12,554 11,108 11,065 10,732 10,816 13,777 15,736
Total Debt		 0.00 0.00 0.00 553 1,947 1,849 1,351 603 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 1,927 1,829 1,331 583 0.00 0.00
Net Debt		 0.00 0.00 0.00 -1,122 -222 -286 -693 -1,613 -4,419 -7,217
Capital Expenditures (CapEx)		 0.00 29 67 0.00 44 45 50 39 45 43
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 2,332 2,228 2,198 2,046 1,977 3,516 2,437
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 3,136 3,735 3,679 3,488 3,516 7,251 7,199
Net Working Capital (NWC)		 0.00 0.00 0.00 2,583 3,715 3,659 3,468 3,496 7,251 7,199
Net Nonoperating Expense (NNE)		 130 5.50 19 13 616 36 47 110 3.52 -714
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -1,122 -222 -286 -693 -1,613 -4,419 -7,217
Total Depreciation and Amortization (D&A)		 0.00 56 54 0.00 37 38 38 41 39 38
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 29.88% 26.30% 22.14% 26.67% 12.04%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 50.02% 44.83% 39.38% 55.00% 35.55%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 49.75% 44.58% 39.15% 55.00% 35.55%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($13.33) ($0.17) $0.77 $5.46 $24.43 $47.12
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 144.86M 145M 145M 146M 147M 148M 147M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($13.33) ($0.17) $0.75 $5.15 $23.03 $44.83
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 144.86M 145M 145M 149M 156M 157M 155M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 144.86M 145.30M 145.81M 146.55M 147.57M 148.09M 146.42M
Normalized Net Operating Profit after Tax (NOPAT)		 -162 34 232 99 -36 24 156 914 3,619 6,189
Normalized NOPAT Margin		 -9.75% 1.96% 12.30% 5.26% -2.11% 1.25% 6.77% 30.20% 60.82% 69.03%
Pre Tax Income Margin		 -15.62% 3.17% 14.18% 9.22% -112.15% -0.95% 5.37% 30.98% 69.03% 87.55%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -22.91 6.67 133.00 43.75 -118.19 0.29 3.70 38.00 683.50 162.94
NOPAT to Interest Expense		 -15.59 3.61 114.98 29.31 -82.29 0.31 3.97 36.51 603.09 128.93
EBIT Less CapEx to Interest Expense		 0.00 3.44 99.50 0.00 -120.94 -0.80 2.45 36.44 676.00 162.04
NOPAT Less CapEx to Interest Expense		 0.00 0.39 81.48 0.00 -85.04 -0.79 2.72 34.95 595.59 128.04
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 39.57%

Financials Breakdown Chart

Key Financial Trends

Sandisk’s financial performance improved sharply through the periods provided. Revenue increased from roughly $1.7 billion in the 2024 periods to $1.9 billion in Q4 2025, $2.3 billion in Q1 2026, $3.0 billion in Q2, $6.0 billion in Q3 and $9.0 billion in Q4 2026. Profitability expanded even faster, with net income rising from losses in Q2 and Q3 2025 to $112 million in Q1 2026, $803 million in Q2, $3.6 billion in Q3 and $6.9 billion in Q4.

The latest income statement shows exceptionally strong margins. Q4 2026 gross profit was $7.6 billion, representing an approximately 84.6% gross margin, while operating income was $7.0 billion, or about 78.5% of revenue. However, the reported $784 million of other income was a major contributor to pretax earnings and should be examined to determine whether it is recurring operating income or a one-time item.

Cash generation also strengthened considerably. Operating cash flow increased from negative amounts in several 2024 periods and modest positive levels in 2025 to $488 million in Q1 2026, $1.0 billion in Q2, $3.0 billion in Q3 and $7.1 billion in Q4. Sandisk continued to invest in property and equipment, although reported capital expenditures remained relatively modest at $39 million to $50 million in the 2026 periods.

The balance sheet improved materially between Q1 and Q3 2026. Cash increased from $1.4 billion to $3.7 billion, while total liabilities declined from $3.4 billion to $3.3 billion. Reported short- and long-term debt fell from approximately $1.35 billion in Q1 to zero by Q3. Total equity also increased from $9.4 billion to $13.8 billion, helped by the return to profitability.

  • Revenue momentum accelerated: Reported revenue grew to $9.0 billion in Q4 2026 from $1.9 billion in Q4 2025.
  • Profitability expanded sharply: Net income progressed from a $23 million loss in Q4 2025 to $6.9 billion in Q4 2026, while diluted EPS increased to $44.83 from a $0.17 loss.
  • Gross margins improved substantially: Gross margin rose from approximately 26% in Q4 2025 to roughly 85% in Q4 2026 based on the supplied figures.
  • Operating cash flow became a major strength: Cash from operations reached $7.1 billion in Q4 2026, compared with $94 million in Q4 2025.
  • Debt reduction strengthened the balance sheet: Reported debt declined from about $1.35 billion in Q1 2026 to zero by Q3 2026.
  • Liquidity improved: Cash and equivalents rose to $3.7 billion in Q3 2026 from $1.4 billion in Q1 2026.
  • Shareholder equity recovered: Total equity increased to $13.8 billion in Q3 2026 from $9.4 billion in Q1, reflecting improved earnings and balance-sheet capitalization.
  • Capital spending remained controlled: Property and equipment purchases were approximately $39 million to $50 million per quarter in the 2026 cash-flow data, limiting near-term cash demands but potentially warranting monitoring if growth requires greater capacity investment.
  • Working capital was a significant cash-flow factor: Changes in operating assets and liabilities reduced Q4 2026 operating cash flow by $448 million and reduced Q3 cash flow by $748 million.
  • Earnings quality requires scrutiny: Q4 2026 included $784 million of other income, and the unusually large revenue, margin and cash-flow figures should be reconciled with Sandisk’s underlying operating results before being treated as a sustainable trend.
08/24/26 11:10 PM ETAI Generated. May Contain Errors.

Sandisk Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sandisk's financial year ends in July. Their financial year 2026 ended on July 3, 2026.

Sandisk's net income appears to be on an upward trend, with a most recent value of $11.43 billion in 2026, falling from -$2.14 billion in 2023. The previous period was -$1.64 billion in 2025. Find out what analysts predict for Sandisk in the coming months.

Sandisk's total operating income in 2026 was $12.39 billion, based on the following breakdown:
  • Total Gross Profit: $14.47 billion
  • Total Operating Expenses: $2.04 billion

Over the last 3 years, Sandisk's total revenue changed from $6.09 billion in 2023 to $20.25 billion in 2026, a change of 232.7%.

Sandisk's total liabilities were at $6.77 billion at the end of 2026, a 79.6% increase from 2025, and a 179.3% increase since 2024.

In the past 2 years, Sandisk's cash and equivalents has ranged from $328 million in 2024 to $4.76 billion in 2026, and is currently $4.76 billion as of their latest financial filing in 2026.

Over the last 3 years, Sandisk's book value per share changed from 0.00 in 2023 to 106.26 in 2026, a change of 10,626.0%.


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Financial statements for NASDAQ:SNDK last updated on 8/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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