Sandisk

SNDK · Information Technology · Market cap $184B

Q3 FY26 Apr 3, 2026 reported May 1, 2026

Revenue$6B +251% year over year

Gross profit$4.7B

Operating profit$4.1B

Net profit$3.6B 61% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Apr 3, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6	100%	+251%
Edge	3.7	62%	+295%
Datacenter	1.5	25%	+645%
Consumer	0.8	13%	+44%
Cost of revenue	−1.3	22%
Gross profit	4.7	78% margin	+56pp
Research & development	−0.3	6%	−11pp
SG&A	−0.2	3%	−5pp
Other	−0.1	1%	+0pp
Operating profit	4.1	69% margin	+180pp
Tax	−0.5
Net profit	3.6	61%	+175pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jan 2, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3	100%	+61%
Edge	1.7	57%	+63%
Consumer	0.9	30%	+52%
Datacenter	0.4	13%	+76%
Cost of revenue	−1.5	50%
Gross profit	1.5	51% margin	+19pp
Research & development	−0.3	11%	−4pp
SG&A	−0.1	5%	−3pp
Operating profit	1.1	35% margin	+25pp
Tax	−0.2
Interest & other costs	−0.1
Net profit	0.8	27%	+21pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Oct 3, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.3	100%	+23%
Edge	1.4	61%	+30%
Consumer	0.7	30%	+27%
Datacenter	0.3	13%	−10%
Cost of revenue	−1.6	70%
Gross profit	0.7	30% margin	−9pp
Research & development	−0.3	14%	−1pp
SG&A	−0.2	8%	+1pp
Other	−0	1%	+0pp
Operating profit	0.2	8% margin	−8pp
Interest & other costs	−0.1
Net profit	0.1	5%	−6pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Dec 27, 2024).
Item	Value	Share of revenue	Year over year
Revenue	1.9	100%	+13%
Client Devices	1	53%	+6%
Consumer	0.6	32%	−9%
Cloud	0.3	16%	+525%
Cost of revenue	−1.3	68%
Gross profit	0.6	32% margin	+23pp
Research & development	−0.3	15%	+0pp
SG&A	−0.1	8%	+1pp
Operating profit	0.2	10% margin	+25pp
Tax	−0.1
Net profit	0.1	6%	+24pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Apr 3, 2026	May 1, 2026	$6B	+251%	68%	$3.6B	61%
Q2 FY26	Oct 4, 2025 – Jan 2, 2026	Jan 30, 2026	$3B	+61%	37%	$0.8B	27%
Q1 FY26	Jun 28 – Oct 3, 2025	Nov 7, 2025	$2.3B	+23%	9%	$0.1B	5%
Q2 FY25	Sep 28 – Dec 27, 2024	Mar 7, 2025	$1.9B	+13%	11%	$0.1B	6%