NASDAQ: SNDK
Sandisk CorpCIK 0002023554 · SIC 3572 · Computer Storage Devices
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SanDisk warns shareholders against unsolicited mini-tender offer at $1,150/share
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SanDisk spins from WDC, posts 251% revenue surge on AI demand; pays off $2B debt early
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SanDisk reports Q3 FY2026 earnings, authorizes $6 billion share buyback program
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SanDisk invests $1B for 3.9% stake in Nanya Technology, secures multi-year DRAM supply deal
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SanDisk spins off from WDC, posts 61% revenue surge on NAND pricing power and AI demand
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Latest financial statements
From 10-Q filed May 1, 2026 (period ending Apr 3, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q3 ended Apr 03, 2026 | Q2 ended Jan 02, 2026 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 5,950 | 3,025 |
| Cost of revenue / cost of sales | 1,288 | 1,484 |
| Gross profit | 4,662 | 1,541 |
| Operating expenses: | ||
| Research and development | 337.0 | 327.0 |
| Selling, general and administrative | 161.0 | 139.0 |
| Total operating expenses | 551.0 | 476.0 |
| Operating income | 4,111 | 1,065 |
| Interest expense | 6.0 | 25.0 |
| Other income/(expense), net | (4.0) | (128.0) |
| Income before income taxes | 4,107 | 937.0 |
| Income tax expense/(benefit) | 492.0 | 134.0 |
| Net income | 3,615 | |
| Basic earnings per share | 24.43 | 5.46 |
| Diluted earnings per share | 23.03 | 5.15 |
Consolidated Balance Sheets (Unaudited)
| Description | Apr 03, 2026 | Jan 02, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 3,735 | 1,539 |
| Accounts receivable, net | 2,726 | 1,239 |
| Inventories | 414.0 | 372.0 |
| Prepaid expenses and other current assets | 388.0 | 357.0 |
| Other current assets | 1,905 | 1,643 |
| Total current assets | 9,168 | 5,150 |
| Property, plant and equipment, net | 649.0 | 631.0 |
| Operating lease right-of-use assets, net | 199.0 | 203.0 |
| Goodwill | 4,994 | 4,995 |
| Deferred income taxes and other assets | 87.0 | 62.0 |
| Other long-term assets | 1,978 | 1,957 |
| TOTAL ASSETS | 17,075 | 12,998 |
| Current liabilities: | ||
| Current portion of long-term debt | — | 20.0 |
| Current portion of operating lease liabilities | 25.0 | 24.0 |
| Accrued liabilities | 383.0 | 393.0 |
| Income taxes payable | 31.0 | 99.0 |
| Deferred revenue, current | 323.0 | |
| Other current liabilities | 1,155 | 1,118 |
| Total current liabilities | 1,917 | 1,654 |
| Long-term debt | — | 583.0 |
| Operating lease liabilities | 182.0 | 186.0 |
| Deferred income taxes and other liabilities | 17.0 | 22.0 |
| Other long-term liabilities | 1,182 | 340.0 |
| Total liabilities | 3,298 | 2,785 |
| Shareholders' equity: | ||
| Common stock | 1.0 | 1.0 |
| Capital in excess of stated value | 11,289 | 11,336 |
| Accumulated other comprehensive income (loss) | (259.0) | (255.0) |
| Retained earnings (deficit) | 2,746 | (869.0) |
| Total shareholders' equity | 13,777 | 10,213 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 17,075 | 12,998 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Nine months ended Apr 03, 2026 | Six months ended Jan 02, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 4,545 | 1,507 |
| Investing Activities: | ||
| Net cash from investing activities | (263.0) | (180.0) |
| Financing Activities: | ||
| Net cash from financing activities | (2,025) | (1,273) |
| Net increase/(decrease) in cash | 2,254 | 58.0 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗