What is the 13F Pro Quality Score for SNDK?

13F Pro ranks Sandisk Corp (SNDK) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SNDK's current score at https://13fpro.ai/research/SNDK (free sign-up required for the full ranking).

Where does 13F Pro source SNDK data?

All Sandisk Corp fundamentals and ownership data come directly from SEC EDGAR. Sandisk Corp files with the SEC under CIK 2023554. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SNDK in?

Sandisk Corp (SNDK) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives SNDK's revenue?

Per Sandisk Corp's latest 10-Q filed with the SEC on 2026-05-01, the biggest revenue drivers are: Edge ($3,663M, +295% YoY); Datacenter ($1,467M, +645% YoY); Consumer ($820M, +44% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/SNDK.

What are SNDK's largest expenses?

Sandisk Corp's latest 10-Q reports these as the largest expense items: Cost of revenue ($1,288M, -2% YoY); Research and development ($337M, +18% YoY); Selling, general and administrative ($161M, +16% YoY). Sourced directly from SEC EDGAR filing text for Q3 FY2026 (quarter ended April 3, 2026).

How often is SNDK research updated on 13F Pro?

SNDK's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Sandisk Corp(SNDK)Stock Analysis

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13F Pro Quality Score

88.8/100

Rank #3 of 2,879 stocksTOP 1%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

97.5/100

Profitability

83.5/100

Balance Sheet

96.6/100

Earnings Quality

97.9/100

Free Cash Flow

88.0/100

Institutional Flow

95.2/100

Revenue Scale

89.0/100

Dilution Risk

37.5/100

SNDK Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Sandisk Corp (SNDK), a Technology sector company. 13F Pro's AI-powered ranking engine scores SNDK at 88.8/100 on a 32-signal composite quality model, placing it at rank #3 of 2,879 stocks — the top 1% of the AI-ranked universe. SNDK scores in the top quartile across earnings quality (97.9), revenue growth (97.5), balance sheet strength (96.6). Shareholder dilution risk is elevated at 37.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), Sandisk Corp reports quarterly revenue of $6.0B, net income of $3.6B, free cash flow of $3.0B. Top institutional holders of SNDK by reported 13-F value include Assenagon Asset Management S.A., Amanah Holdings, WEALTH ENHANCEMENT ADVISORY SERVICES,, 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. Sandisk Corp's 13F Pro composite quality score has ranged between 27 and 89 since 2025, currently 88.8 — an improving long-term trajectory across 10 quarterly and live scoring snapshots.

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Fun facts about Sandisk Corp

Quirks, history, and lore behind SNDK — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. semiconductor / storage company · mid-cap · listed on Nasdaq · headquartered in Silicon Valley.
2
The Numbers
At its peak it generated roughly $5–6 billion in annual revenue, riding the wave of consumer demand for portable flash storage — a market it helped create.
3
The History
Founded in 1988, it pioneered commercializing NAND flash memory and built a long-running joint venture with Toshiba to manufacture chips in Japan.
4
The Secret
It didn't just sell chips — it owned the whole stack, designing controllers, firmware, and finished products, which made it unusually vertically integrated for a storage brand.
5
The Lore
Its little thumb-sized cards and USB drives became ubiquitous in cameras, phones, and laptops worldwide — the brand was essentially synonymous with memory cards for a generation of consumers.
6
The Giveaway
Acquired by Western Digital in 2016 for roughly $19 billion, its name lives on as a WD sub-brand — you've almost certainly got one of its SD cards in a drawer somewhere.

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What's Driving SNDK's Business? Latest 10-Q Breakdown

✓ 36/36 datapoints verified

AI-extracted from Sandisk Corp's 10-Q filed 2026-05-01 — Q3 FY2026 (quarter ended April 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

SanDisk reported Q3 revenue of $5.95B (+251% YoY), driven by 248% ASP increase and flat exabyte volume, with operating income of $4.11B and net income of $3.62B.

Biggest Revenue Drivers

Total revenue: $5.95B+251% YoY

Edge$3,663M+295% YoY

343% increase in ASP per gigabyte, partially offset by 10% decrease in exabytes sold

Datacenter$1,467M+645% YoY

186% increase in ASP per gigabyte and 160% increase in exabytes sold, driven by AI infrastructure demand

Consumer$820M+44% YoY

139% increase in ASP per gigabyte, partially offset by 40% decrease in exabytes sold

Largest Expense Items

Cost of revenue$1,288M-2% YoY

Improved gross margin of 78.4% due to higher ASP outpacing cost per gigabyte

Research and development$337M+18% YoY

$42M increase in compensation and benefits from variable compensation and increased headcount, plus $5M stock-based compensation increase

Selling, general and administrative$161M+16% YoY

$15M increase in compensation and benefits, $6M increase in customer marketing, offset by $5M decrease in materials

Loss on debt extinguishment$46MN/A

Write-off of remaining unamortized issuance costs from early settlement of Term Loan Facility on March 4, 2026

Margins: Gross margin expanded 5,600 basis points to 78.4% driven by favorable pricing conditions and higher ASP that outpaced cost per gigabyte movement. Operating margin improved substantially to 69.1%, primarily from the absence of the $1.83B goodwill impairment charge recorded in prior year.

Watch Items from the Filing

Remaining performance obligations of $41.6B as of April 3, 2026, with only 15% expected to be recognized over the next twelve months; primarily driven by long-term customer agreements.
Top 10 customers represent 46% of Q3 revenue and 41% of nine-month revenue; one customer exceeded 10% of quarterly revenue.
Contract liabilities increased to $511M as of April 3, 2026 (from $25M at June 27, 2025), reflecting customer advances for long-term agreements.
Flash Ventures maximum estimable loss exposure of $2.97B including $1.29B in inventory and prepayments; company guarantees $993M of lease obligations.
Company announced $6B share repurchase program on April 30, 2026 and completed $972M strategic investment in Nanya Technology on April 8, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q3 2026

$6.0B

Net Income

Q3 2026

$3.6B

Free Cash Flow

Q3 2026

$3.0B

ROIC

Q3 2026

29.8%

D/E Ratio

Q3 2026

0.00

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+10.4% YoY

$7.36BFY 2025

FY22 —FY23 $6.09BFY24 $6.66BFY25 $7.36B

Net Income

-144.2% YoY

$-1.64BFY 2025

FY22 —FY23 $-2.14BFY24 $-672.0MFY25 $-1.64B

Operating Income

-194.2% YoY

$-1.38BFY 2025

FY22 —FY23 $-2.04BFY24 $-468.0MFY25 $-1.38B

EPS (Diluted)

-144.5% YoY

$-11.32FY 2025

FY22 —FY23 $-14.78FY24 $-4.63FY25 $-11.32

Total Assets

-3.9% YoY

$12.98BFY 2025

FY22 —FY23 —FY24 $13.51BFY25 $12.98B

Total Debt

$1.87BFY 2025

FY22 —FY23 —FY24 $0.00FY25 $1.87B

Op. Cash Flow

+127.2% YoY

$84.0MFY 2025

FY22 —FY23 $-713.0MFY24 $-309.0MFY25 $84.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022
Revenue	$7.36B +10.4%	$6.66B +9.5%	$6.09B	—
Net Income	$-1.64B -144.2%	$-672.0M +68.6%	$-2.14B	—
Operating Income	$-1.38B -194.2%	$-468.0M +77.0%	$-2.04B	—
EPS (Diluted)	$-11.32 -144.5%	$-4.63 +68.7%	$-14.78	—
Total Assets	$12.98B -3.9%	$13.51B	—	—
Total Debt	$1.87B	$0.00	—	—
Operating Cash Flow	$84.0M +127.2%	$-309.0M +56.7%	$-713.0M	—

AI Insight: SNDK Financial Trends

SanDisk surged to $5.95B revenue and $3.6B net income in Q2 2026, with operating margins exploding to 69% and debt eliminated.

• Revenue accelerated from $3.0B in Q1 2026 to $5.95B in Q2 2026; net income rocketed from $803M to $3.6B.

• Operating margin expanded from 35.2% in Q1 2026 to 69.1% in Q2 2026; operating cash flow nearly tripled to $3.04B.

• Total debt fell to $0M in Q2 2026 from $623M in Q1 2026; equity grew 35% to $13.8B.

⚠ Q1 2025 showed $1.93B net loss and $1.88B operating loss; ensure recovery is durable, not one-quarter anomaly.

⚠ Q2 2026 margins of 69% appear extraordinary; monitor sustainability given historical 10–15% operating margins.

AI Insight: SNDK Ratio Trends

SanDisk has staged a dramatic profitability recovery, with operating margin surging to 69.1% in Q2 2026 after a severe loss in Q1 2025.

• Operating margin collapsed to -111.0% in Q1 2025, then rebounded sharply to 69.1% in Q2 2026—a 180pp swing in 15 months.

• Net profit margin improved from -114.0% in Q1 2025 to 60.8% in Q2 2026, signaling restored operational profitability and cost control.

• ROE surged to 105.0% in Q2 2026 from -84.4% in Q1 2025; leverage declined sharply from 0.21 to 0.00 D/E, strengthening balance sheet.

⚠ Q2 2026 metrics are exceptionally strong but lack comparable prior-year quarter; verify sustainability against historical norms.

⚠ ROIC data missing for Q2 2026 TTM; gap between 39.3% in Q1 2026 and TTM 39.0% suggests seasonal or one-off volatility.

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Available Research

13F Pro tracks comprehensive data for Sandisk Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SNDK

Assenagon Asset Management S.A.
$1.4B621,849 sh
Amanah Holdings Trust
$568.4M250,000 sh
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC
$158.7M84,847 sh
UNICOM Systems, Inc.
$133.0M58,500 sh
Swedbank AB
$123.7M54,419 sh
Czech National Bank
$95.8M42,152 sh
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.
$86.6M38,093 sh
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
$74.4M32,709 sh
TB Alternative Assets Ltd.
$64.8M28,484 sh
ARDSLEY ADVISORY PARTNERS LP
$56.7M25,000 sh

Fund	Value	Shares
Assenagon Asset Management S.A.	$1.4B	621,849
Amanah Holdings Trust	$568.4M	250,000
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	$158.7M	84,847
UNICOM Systems, Inc.	$133.0M	58,500
Swedbank AB	$123.7M	54,419
Czech National Bank	$95.8M	42,152
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.	$86.6M	38,093
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	$74.4M	32,709
TB Alternative Assets Ltd.	$64.8M	28,484
ARDSLEY ADVISORY PARTNERS LP	$56.7M	25,000

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Is SNDK a good stock to buy?

13F Pro's AI-powered analysis of Sandisk Corp (SNDK) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SNDK are available on the SNDK stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SNDK?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SNDK. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Sandisk Corp's investment landscape.