Sandisk SNDK
- Market cap
- $181.3B
- PE
- 17.0×
- Forward PE
- 5.8×
- 2y median 4.7×
- Price to sales
- 9.0×
- EV/EBIT
- 14.1×
- Revenue, 12 months
- $20.2B
- +175% on a year ago
- Net margin
- 56.5%
- Free cash flow yield
- 6.3%
Sandisk trades at 17.0× trailing earnings. Revenue was $20.2B over the last twelve months, up 175% on a year earlier with a 56% net margin.
Charts
Financials
| Income statement | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.5B | $1.7B | $1.7B | $1.8B | $1.9B+23% | $1.9B+13% | $1.7B−1% | $1.9B+8% | $2.3B+23% | $3B+61% | $6B+251% | $9B+372% | |
| Cost of revenue | $1.7B | $1.5B | $1.2B | $1.1B | $1.2B−33% | $1.3B−16% | $1.3B+6% | $1.4B+25% | $1.6B+40% | $1.5B+17% | $1.3B−2% | $1.4B−1% |
| Gross profit | −$188M | $161M | $463M | $636M | $726M | $606M+276% | $382M−18% | $498M−22% | $687M−5% | $1.5B+154% | $4.7B+1120% | $7.6B+1423% |
| R&D | $240M | $246M | $277M | $298M | $283M+18% | $279M+13% | $285M+3% | $285M−4% | $316M+12% | $327M+17% | $337M+18% | $348M+22% |
| SG&A | $118M | $113M | $107M | $117M | $130M+10% | $142M+26% | $139M+30% | $162M+39% | $179M+38% | $139M−2% | $161M+16% | $197M+22% |
| −$487M | −$245M | $65M | $199M | $291M | $195M | −$1.9B | $18M−91% | $176M−40% | $1.1B+446% | $4.1B | $7B+38994% | |
| Interest expense | $11M | $11M | $9M | $9M | $2M−82% | $4M−64% | $16M+78% | $41M+356% | $40M+1900% | $25M+525% | $6M−63% | $2M−95% |
| Pre-tax income | −$494M | −$260M | $54M | $197M | $267M | $173M | −$1.9B | −$18M | $124M−54% | $937M+442% | $4.1B | $7.8B |
| $24M | $41M | $27M | $77M | $56M+133% | $69M+68% | $32M+19% | $5M−94% | $12M−79% | $134M+94% | $492M+1438% | $946M+18820% | |
| Net income | −$518M | −$301M | $27M | $120M | $211M | $104M | −$1.9B | −$23M | $112M−47% | $803M+672% | $3.6B | $6.9B |
| n/a | n/a | $0.19 | $0.83 | $1.46 | $0.72 | −$13.33 | −$0.16 | $0.75−49% | $5.15+615% | $23.03 | $43.97 | |
| n/a | n/a | 145M | 145M | 145M | 145M | 145M+0% | 145M+0% | 149M+3% | 156M+8% | 157M+8% | 157M+8% |
Revenue: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
R&D: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
SG&A: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Operating income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Interest expense: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Income tax: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Net income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them. Q4 FY25 and Q4 FY26: printed in the fourth-quarter results release.
EPS, diluted: Q4 FY24: quarter's net income to common over its shares, to the cent. Q4 FY25 and Q4 FY26: printed in the fourth-quarter results release.
Diluted shares: Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25 and Q4 FY26: printed in the fourth-quarter results release.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q1 FY27 | $10.6B | $10.4B to $10.8B | $46.20 | $45.15 to $48.77 | 11 |
| Q2 FY27 | $12.1B | $11.3B to $13.3B | $52.77 | $48.55 to $55.19 | 11 |
| Q3 FY27 | $12.5B | $11.5B to $13.8B | $54.55 | $48.77 to $61.98 | 8 |
| Q4 FY27 | $13.5B | $12.4B to $14.9B | $59.15 | $52.88 to $67.21 | 4 |
| Q1 FY28 | $14.1B | $12.9B to $15.6B | $61.71 | $55.17 to $70.11 | 4 |
| Q2 FY28 | $14.6B | $13.5B to $16.2B | $64.69 | $57.84 to $73.51 | 7 |
| Q3 FY28 | $15.1B | $13.9B to $16.7B | $66.02 | $59.03 to $75.01 | 10 |
| Q4 FY28 | $15.8B | $14.5B to $17.4B | $68.63 | $61.36 to $77.98 | 5 |
Peers
Companies in Computer Hardware nearest Sandisk's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| SNDKSandisk | $181.3B | 17.0× | 47.1× | 5.8× | 9.0× | +175% | 56.5% |
| ANETArista Networks | $217.4B | 54.4× | 43.8× | 36.9× | 20.6× | +33% | 38.4% |
| STXSeagate Technology | $142.9B | 45.4× | 16.1× | 16.8× | 11.7× | +34% | 26.1% |
| WDCWestern Digital | $123.9B | 13.3× | 20.3× | 15.5× | 8.6× | +43% | 69.2% |
| DELLDell Technologies | $290.2B | 26.5× | 18.2× | n/m | 1.9× | +49% | 7.5% |
| HPEHewlett Packard Enterprise | $75.3B | 29.5× | 18.6× | 12.2× | 1.8× | +27% | 6.4% |
| NTAPNetApp | $42.3B | 30.3× | 21.0× | 21.7× | 5.7× | +12% | 19.2% |
| PEverpure | $41.1B | 169× | 172× | 37.9× | 9.6× | +27% | 5.9% |
| HPQHP | $30.3B | 12.8× | 9.7× | 11.2× | 0.5× | +8% | 4.1% |
| SMCISuper Micro Computer | $21.6B | 10.7× | 19.3× | 7.6× | 0.6× | +78% | 5.7% |
| Peer median | $75.3B | 29.5× | 19.3× | 16.2× | 5.7× | +33% | 7.5% |
Investors who own it
Investors we follow who held Sandisk at the end of Jun 30, 2026, from their 13F filings.
- Stanley DruckenmillerDuquesne Family Office1.8% of portfoliotrimmed
- Lee AinslieMaverick Capital0.0% of portfolionew
- Polen CapitalPolen Capital0.0% of portfoliotrimmed
More on Sandisk
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 433Technology stocks with the fastest revenue growth
- #1of 83Technology stocks with the lowest PEG ratio
- #7of 427Technology stocks with the highest profit margins
- #2of 97Technology stocks with the fastest expected revenue growth
- #3of 95Technology stocks with the lowest forward PE
- #1of 24Computer hardware stocks with the fastest revenue growth
- #2of 24Computer hardware stocks with the highest profit margins
- #5of 20Computer hardware stocks with the lowest PE ratio
Its groups
About
- Chief executive
- David Goeckeler, since 2025Former Western Digital CEO, has led Sandisk since its February 2025 spin-off. Source
- Industry
- Computer Hardware
- Sector
- Technology
Valuation data, not investment advice. Prices as of .