← Research LibraryThe BriefFY2026 10-K · headline figures audited against SEC data
Sandisk's first full year on its own: AI-driven flash demand and much higher prices lifted revenue 175.3% to $20.25B and turned a $1.64B loss into $11.43B of net income
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 175.3% to $20.25B; Datacenter up 437%OK
- Profitability — Gross margin up 4,140 bps to 71.47%; net income $11.43BOK
- Balance sheet — Term loan repaid in full; no debt at year endOK
- Accounting quality — Balance-sheet screen safe; manipulation screen flagged; earnings quality safeWatch
- Capital allocation — Buybacks $4.52B; further $14.0 billion authorized; no dividendNote
- Pricing — Edge revenue per gigabyte up almost 180%OK
Business
Sandisk designs and sells NAND flash storage: enterprise SSDs for datacenters, embedded and client storage for PCs, phones, cars and other devices, and branded memory cards, USB drives and portable SSDs. It does not own its wafer fabs; all of its flash memory comes from the Flash Ventures joint ventures with Kioxia in Japan, where each partner generally takes half the output at cost plus a small markup. Western Digital spun it off on February 21, 2025.
Where the revenue comes from
Fiscal 2026, as Sandisk Corp reports it. History and quarterly detail are in the app.
- Edge$12.2B
- Datacenter$5.2B
- Consumer$2.9B
Leadership changes
From Sandisk Corp's own filings, the day they're filed.
- Alexander Bradley · Directors · appointmenteff. 2025-12-30
- Michael R. Pokorny · Chief Accounting Officer · appointmenteff. 2025-03-06
- Richard B. Cassidy II · director · appointmenteff. 2025-02-21
Latest filings
- DEF 14A · Annual proxy (pay & governance)2026-10-06
- 8-K · Company announcement2026-09-16
- 8-K · Company announcement2026-09-11
- 10-K · Annual report2026-08-17
- 8-K · Company announcement2026-08-05
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Sandisk Corp, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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