Buy Crypto Markets Spot FuturesPLTR Earn Event Center Rewards Hub

When Did Sandisk Report Q4 FY2026 Earnings?Sandisk released its fiscal fourth-quarter and full-year 2026 earnings after the U.S. market closed on August 5, 2026. The quarter ended on July 3.Investors When Did Sandisk Report Q4 FY2026 Earnings?Sandisk released its fiscal fourth-quarter and full-year 2026 earnings after the U.S. market closed on August 5, 2026. The quarter ended on July 3.Investors

Sandisk Q4 FY2026 Earnings: Revenue Surges 372%, but SNDK Stock Falls After Results

#US Stocks

Q$0.021696+1.98%

BEAT$2.04775-14.65%

EDGE$0.3771+0.88%

Author: James Mitchell

2026/08/06 13:58

Key Takeaways

Sandisk reported record fiscal fourth-quarter results as AI data center demand, higher NAND prices and a stronger product mix lifted revenue and profit well above Wall Street estimates. However, SNDK stock fell after hours because investors had already priced in exceptionally strong growth and wanted an even larger guidance surprise.

When Did Sandisk Report Q4 FY2026 Earnings?

Sandisk released its fiscal fourth-quarter and full-year 2026 earnings after the U.S. market closed on August 5, 2026. The quarter ended on July 3.

Investors can review the company’s official Q4 FY2026 earnings presentation and its Investor Relations page for the financial statements, presentation and earnings-call materials.

Did Sandisk Beat Earnings Expectations?

Yes. Sandisk reported quarterly revenue of $8.965 billion, up 51% from the previous quarter and 372% from one year earlier. Revenue was above the approximately $8.39 billion expected by analysts surveyed by LSEG.

Non-GAAP diluted earnings reached $39.25 per share, compared with the LSEG estimate of approximately $34.45. Non-GAAP gross margin increased to 84.6%, while adjusted free cash flow reached approximately $5.04 billion.

The results also exceeded Sandisk’s own previous guidance. The company had expected revenue of $7.75 billion to $8.25 billion and adjusted earnings of $30 to $33 per share.

Sandisk reported GAAP earnings of $43.97 per share, but that figure included an approximately $804 million gain on equity securities. For comparing the underlying operating performance, the non-GAAP EPS figure of $39.25 provides a cleaner reference.

What Drove Sandisk’s Revenue Growth?

Sandisk’s growth came from both higher sales volumes and much stronger NAND pricing. Management said approximately one-third of the sequential revenue increase came from higher volume, while two-thirds came from higher prices.

This distinction matters. Sandisk is benefiting from growing AI storage demand, but the rapid improvement in revenue and margin also reflects tight NAND supply and stronger average selling prices.

Data Center Revenue More Than Doubled

Data center revenue reached $2.977 billion, increasing 103% quarter over quarter and 1,298% year over year.

Sandisk said data center products represented 38% of its bit shipments during the quarter, compared with only 12% one year earlier. The company has expanded shipments of enterprise solid-state drives to hyperscale cloud and AI infrastructure customers.

AI training and inference systems require large amounts of data to be stored, retrieved and processed with low latency. That demand is supporting sales of high-capacity enterprise SSDs and other flash storage products.

Edge Revenue Remained the Largest Business

Edge revenue, which includes products for PCs, smartphones, tablets, automotive systems and other devices, reached $5.432 billion. That represented growth of 48% from the previous quarter and 392% from one year earlier.

Management expects AI-enabled PCs, premium smartphones and on-device AI applications to increase the amount of storage required in individual devices over time.

Consumer Revenue Declined

Consumer revenue fell to $556 million, down 32% quarter over quarter and 5% year over year.

The decline shows that Sandisk’s current growth is not evenly distributed across the business. Data center and Edge products are driving the expansion, while memory cards, portable drives and other consumer products remain more exposed to weaker discretionary demand.

What Is Sandisk’s Q1 FY2027 Guidance?

For the first quarter of fiscal 2027, Sandisk expects revenue of $10.3 billion to $10.8 billion.

The company also guided for non-GAAP diluted earnings of $44 to $46 per share, a non-GAAP gross margin of 83% to 85%, and non-GAAP operating expenses of $520 million to $540 million.

At the midpoint, the guidance implies revenue of $10.55 billion and adjusted earnings of $45 per share. Both were above LSEG estimates of approximately $10.47 billion in revenue and $43.12 in adjusted EPS. However, Reuters reported that the profit outlook was below forecasts from some other data providers.

The most accurate conclusion is that Sandisk delivered another strong outlook, but the guidance did not exceed every version of the market’s already elevated expectations.

Why Did SNDK Stock Fall After Earnings?

SNDK shares fell nearly 8% in extended trading despite the earnings beat and continued revenue growth.

The reaction appears to reflect expectations rather than a weak quarter. Sandisk stock had already risen nearly 470% in 2026 before the earnings release. After such a large rally, investors were looking for guidance that would exceed even the most optimistic forecasts.

The slight projected decline in gross margin also attracted attention. Sandisk reported an adjusted gross margin of 84.6% in Q4 but guided for 83% to 85% in the following quarter. The range remains historically strong, but it does not imply another major sequential expansion.

The stock reaction therefore does not change the fact that Sandisk beat reported estimates. Instead, it shows how difficult it can be for a rapidly rising stock to satisfy expectations after investors have already priced in strong AI demand, higher NAND prices and expanding margins.

Can Sandisk’s Long-Term Contracts Reduce NAND Cyclicality?

Sandisk is moving more of its business away from short-term purchasing arrangements and toward multiyear customer agreements.

The company reported $93.9 billion in minimum contracted revenue at floor pricing across agreements with eight data center and Edge customers. These agreements had a weighted average duration of more than four years and included financial guarantees worth approximately $16.5 billion.

Sandisk expects approximately half of its bit supply to be committed under these agreements in fiscal 2027 and roughly two-thirds in fiscal 2028. The contracts combine fixed and variable pricing, with floors and ceilings designed to provide greater protection when market prices change.

These agreements cannot remove every risk from the NAND cycle. Customer demand, contract enforcement, new industry capacity and future pricing conditions will still matter. However, longer agreements may give Sandisk better demand visibility and more predictable cash flow than traditional quarter-to-quarter purchasing.

Sandisk also expanded its share-repurchase program by $14 billion. After repurchasing approximately $4.5 billion of stock during Q4, the company had about $15.5 billion of remaining authorization.

What Should Investors Watch Next?

Sandisk will hold its Investor Day on August 13, 2026. The event could provide more detail about its fiscal 2027 strategy, long-term financial targets and plans for AI data center storage.

Key areas to watch include whether enterprise SSD demand can continue growing faster than Sandisk’s available supply, how sustainable current NAND pricing is, and whether gross margins can remain near current levels as production expands.

Investors should also watch the ramp of BiCS8 and BiCS10 NAND technology, the economics of the new long-term agreements and the balance between data center growth and weaker consumer demand.

Explore US Stocks and Stock-Related Markets on MEXC

Sandisk’s earnings show how AI infrastructure spending, semiconductor supply and NAND pricing can affect individual stocks and the wider technology market.

MEXC provides several ways to explore US stock-related market exposure.

Users can register to access US stock products on MEXC and review the US stock trading guide to learn more about trading supported US stocks directly.

The MEXC xStocks ecosystem also provides access to tokenized US stock products through the spot market. These assets are designed to track the value of selected publicly traded companies, allowing eligible users to gain stock-linked exposure using blockchain-based tokens.

Users who prefer derivatives can explore selected US stock and multi-asset futures markets.

Product availability, trading hours and regional eligibility may vary. Tokenized stocks and stock futures do not provide the same rights, ownership structure or risk profile as directly holding traditional company shares.

Frequently Asked Questions

When Were Sandisk Q4 FY2026 Earnings Released?

Sandisk released its fiscal Q4 2026 earnings on August 5, 2026, after the U.S. market closed. The reported quarter ended on July 3.

Did Sandisk Beat Earnings Estimates?

Yes. Revenue of $8.965 billion and adjusted EPS of $39.25 were above the LSEG consensus estimates reported by Reuters.

Why Did Sandisk Stock Fall After Earnings?

SNDK stock fell because the company’s strong guidance did not exceed every market forecast after the shares had already risen nearly 470% during the year. The reaction reflected exceptionally high expectations rather than a reported earnings miss.

What Is Sandisk’s Next Earnings Guidance?

For fiscal Q1 2027, Sandisk expects revenue of $10.3 billion to $10.8 billion and non-GAAP diluted earnings of $44 to $46 per share.

When Is Sandisk Investor Day?

Sandisk Investor Day is scheduled for August 13, 2026, at 9:00 a.m. Eastern Time.

Market Opportunity

Quack AI Price(Q)

----

USD

Quack AI (Q) Live Price Chart

Description:Crypto Pulse is powered by AI and public sources to bring you the hottest token trends instantly. For expert insights and in-depth analysis, visit MEXC Learn.

The articles shared on this page are sourced from public platforms and are provided for reference only. They do not represent the position or views of MEXC. All rights belong to James Mitchell. If you believe any content infringes upon the rights of a third party, please contact [email protected] for prompt removal. MEXC does not guarantee the accuracy, completeness, or timeliness of any content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be interpreted as a recommendation or endorsement by MEXC. For expert insights and in-depth analysis, visit MEXC Learn.