AI-extracted from the 10-K filed 2026-08-17 — FY2026 (53-week fiscal year ended July 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 175% to $20,248M and gross margin expanded 4,100 basis points to 71.5% as AI-driven NAND demand and pricing lifted Datacenter revenue 437%.
Biggest Revenue Drivers
Edge$12,160M+195% YoY
Higher sales and higher pricing; revenue per gigabyte increased by almost 180%
Datacenter$5,153M+437% YoY
Higher sales and higher pricing; exabytes sold up almost 120%, revenue per gigabyte up almost 150%
Biggest Revenue Drivers
Total revenue: $20,248M+175% YoY
Edge$12,160M+195% YoY
Higher sales and higher pricing; revenue per gigabyte increased by almost 180%
Datacenter$5,153M+437% YoY
Higher sales and higher pricing; exabytes sold up almost 120%, revenue per gigabyte up almost 150%
Consumer$2,935M+29% YoY
Higher pricing partially offset by lower sales; exabytes sold decreased mid-teens percent
Largest Expense Items
Cost of revenue$5,776M28.5% of net revenue vs 69.9% in 2025
Higher pricing drove gross profit up $12,260 million
Research and development$1,328M+$196M YoY
$136M higher compensation from variable pay and headcount, $28M more project spending, $24M stock compensation
Selling, general and administrative$676M+$103M YoY
$68M compensation increase, partially offset by $51M lower materials from fewer free samples
Margins: Gross margin rose to 71.5% from 30.1%, an increase of 4,100 basis points, which the filing attributes to higher sales and higher pricing amid AI-driven NAND demand.
Watch Items from the Filing
Top ten customers were 44% of total revenue in 2026, up from 40% in 2025; no single customer exceeded 10%.
All flash memory wafers come from Flash Ventures with Kioxia; commitments total $6,559M, including $1.2B paid directly to Kioxia through 2029.
New long-term customer agreements produced $1,242M contract liabilities and $1,500M refund liabilities; failure to deliver volumes could trigger damages or termination.
An $808M gain on equity securities, from the $1,777M Nanya stake, drove 6% of pretax income and is unrelated to core operations.
Board authorized $6.0B then an additional $14.0B of buybacks; $4.5B repurchased in 2026 with Term Loan Facility settled in full.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
10 transactions in SNDK reported by 5 members of Congress under the STOCK Act, most recent trade May 7, 2026. Reported transactions, not recommendations.
About Sandisk Corp (SNDK): stock profile, AI score and financials
Sandisk Corp (SNDK) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores SNDK at 87.6/100 on a composite quality score built from its SEC filings, placing it at rank #2 of 2,925 stocks — the top 1% of the AI-ranked universe. SNDK scores in the top quartile across balance sheet strength (99.7), profitability (98.3), free cash flow (96.5). Areas of concern include earnings quality (39.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2026), Sandisk Corp reports quarterly revenue of $9.0B, net income of $6.9B, an operating margin of 78.5%. Top institutional holders of SNDK by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, FMR, based on the most recent SEC filings. SNDK trades on the Nasdaq exchange and files with the SEC under CIK 2023554. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SNDK daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Sandisk Corp directly from SEC EDGAR.