Sandisk revenue surges 175% to $20.2B on AI datacenter demand; swings to $11.4B profit

Filed August 17, 2026 · Period ending July 3, 2026 · Compared to 10-K Aug 21, 2025 · ~2 min read

Key Changes

• high

  Revenue jumped 175.3% to $20.2B in FY2026 (vs $7.4B prior year), driven by 437% growth in Datacenter (AI demand) and 195% in Edge, with pricing up 150% and 180% respectively. Operating income swung from a $1.4B loss to $12.4B profit.

  MD&A: Revenue and Operating Income verify on EDGAR →
• high

  Net income reached $11.4B (vs $1.6B loss prior year), including an $808M gain on Nanya equity securities. Diluted EPS was $73.76. Company repurchased $4.5B of shares and retired the $2.0B Term Loan in full.

  MD&A: Net Income and Capital Allocation verify on EDGAR →
• high

  Company introduced New Business Model (NBM) long-term customer agreements with multi-year volume commitments, fixed/variable pricing, and financial guarantees. Post-year-end, signed two NBMs totaling $31.3B in committed purchases, providing forward revenue visibility.

  MD&A and Notes: NBM Agreements view on EDGAR →