Sandisk Corporation (SNDK) Earnings Call Transcripts

Sandisk Corporation's Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal year 2026, Sandisk Corporation reported record revenue of $8.965 billion, significantly exceeding guidance of $7.75 billion to $8.25 billion, and marking a remarkable 372% year-over-year increase. Non-GAAP EPS also surged to $39.25, well above the projected range of $30 to $33. Management expressed strong confidence in future growth, driven by strategic partnerships and the increasing demand from AI and Datacenter markets, projecting first quarter fiscal year 2027 revenue between $10.3 billion and $10.8 billion, indicating continued momentum.

Reported metrics

Guidance from management

For Q1 FY 2027, Sandisk expects revenue between $10.3 billion and $10.8 billion, with non-GAAP EPS projected between $44 and $46, indicating continued growth momentum.

What management said

Yes. Ben, we -- not to pick a specific number, but we do expect to be around 80% for the new business models. As you know, there is some upside as prices continue to go up, we'll capture some of that upside as well. So -- but we feel very good about the work we've done. We'll talk about more about the NBMs, I'm sure, but you've seen they are not a lot. They are really meaningful deals that we did with 8 very strategi...

Yes. So on Q4, Mark, what we mentioned is that about 1/3 of the growth came from incremental bits and 2/3 came from pricing. So you have that split there. And obviously, as you compare us versus others, there is a different timing on when price increases were taken. So you have to look at things over several quarters to really understand where we are because, as you know, we took significant pricing in the prior quar...

What analysts pressed on

Analysts expressed concerns about the decline in consumer revenue and whether this was due to demand issues or allocation choices. There were also questions regarding the sustainability of margins in light of new business agreements and the potential for pricing normalization in the NAND market.

Main topics on the call

• Record Financial Performance — Sandisk achieved record revenue of $8.965 billion in Q4, up 372% year-over-year. Management noted, "The fiscal fourth quarter provided our clearest proof point yet," highlighting strong operational execution.
• Growth in Datacenter Segment — Datacenter revenue reached $2.977 billion, up 103% sequentially, now representing 38% of total bits. Management stated, "Datacenter has become a major pillar of growth," reflecting strong demand.
• New Business Models (NBMs) — Sandisk signed 5 additional NBMs, totaling 8 with strategic customers, expected to represent over 50% of bits in FY 2027. The total expected revenue from NBMs is a minimum of $93.9 billion, indicating strong customer con...
• Gross Margin Performance — Non-GAAP gross margin for Q4 was 84.6%, exceeding guidance of 79% to 81%. Management noted, "We feel that we're driving gross margin," indicating effective cost management.

Read the full Sandisk Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 18 Sandisk Corporation earnings call transcripts on record, spanning February 11, 2025 to August 5, 2026. Based on this history, Sandisk Corporation reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SNDK

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Calls on record

18

First call

February 11, 2025

Most recent

August 5, 2026

Reporting cadence

quarterly