NASDAQ$SNDK

Sandisk Corp/DE · Q3 2026 earnings

Q3 2026 earnings · · Investor relations

Briefing

Sandisk reported fiscal Q3 2026 net revenue of $6.0B and net income of $3.6B, with diluted EPS of $23.03.

Following its separation from Western Digital, Sandisk posted net revenue of $6.0 billion for the quarter ended April 3, 2026, up from $1.7 billion, driven by strong NAND demand and pricing. Gross profit was $4.7 billion; operating income was $4.1 billion. Net income reached $3.6 billion, or $23.03 per diluted share, versus a $1.9 billion loss in the prior-year period.

  • Net revenue $6.0B; gross profit $4.7B on favorable NAND cycle.
  • Operating income $4.1B; net income $3.6B.
  • Diluted EPS $23.03 vs $(13.33) prior year.
  • Separation-related costs and memory market volatility noted in MD&A.

Headline financials

Total Revenue

$5.95B

Previous: $1.7B+251.0%
EPS (adj)

$23.03

Previous: -$13.33+272.8%
Capital Expenditures

-$134M

Previous: -$159M+15.7%
Free Cash Flow

$4.41B

Previous: -$2.09B+310.9%
Net Income

$3.62B

Previous: -$1.93B+287.0%
Operating Income

$4.11B

Previous: -$1.88B+318.6%
Gross Profit

$4.66B

Previous: $382M+1120.4%
Cash & Equivalents

$3.74B

Previous: $1.51B+147.8%
Total Assets

$17.1B

Previous: $13B+31.8%

Revenue & EPS history

Sandisk Corp/DE · Revenue · Quarterly

$5.95B

Q3 2026+251%vs Q3 2025
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

The 10-Q does not provide numeric consolidated annual EPS guidance for SNDK. Management commentary in MD&A covers costs, capital, and sector-specific risks.

Tailwinds

  • Management discusses operational priorities and liquidity in the quarterly filing.
  • Segment or product trends are disclosed where applicable to the business model.

Headwinds

  • Macro, input-cost, and interest-rate exposure can affect near-term results.
  • One-time items, impairments, or fair-value marks may distort quarterly comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q3 2026

Historical avgQ3 2026

+7.4%

Avg return

Earnings day

+14.0%

Avg return

5 days after

+23.1%

Avg return

30 days after

83%

5 / 6 earnings

Positive

+15.3%

Q1 2026

Best reaction

-4.5%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+8.3%+28.6%+54.8%
Q2 2026+6.1%+8.4%+17.8%
Q1 2026+15.3%+36.3%+10.0%
Q4 2025-4.5%-4.9%+84.5%
Q3 2025+9.4%+7.2%+6.6%
Q2 2025+9.7%+8.5%-35.2%

Discussion

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