SNDK on Nasdaq

Sandisk

Logo: Sandisk, Public domain, via Wikimedia Commons5

American digital storage corporation

Sandisk Corporation (formerly SunDisk Corporation and SanDisk Corporation) is an American multinational computer semiconductor company based in Milpitas, California. Founded in 1988, it designs and manufactures flash memory products, including memory cards, USB flash drives, and solid-state drives (SSDs).3 From Wikipedia, CC BY-SA 4.0

$1,384.33 down 19.02 (1.35%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

$20.2BRevenue, fiscal 20266
$11.4BNet income, fiscal 20266
Jun 1, 1988Founded1

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  • TickerSNDK on Nasdaq1
  • Industrycomputer hardware industry, semiconductor industry1
  • HeadquartersMilpitas1
  • Founded inMilpitas1
  • Websitewww.sandisk.com
  • Legal formpublic company, subsidiary company1
  • Incorporated inDE7
  • Business address951 Sandisk Drive, Milpitas, Ca 950357
  • Filer categoryLarge accelerated filer7
WDC office (Milpitas, CA)
Photo: AnneElizH, CC BY-SA 4.0, via Wikimedia Commons9

Sandisk Corporation (formerly SunDisk Corporation and SanDisk Corporation) is an American multinational computer semiconductor company based in Milpitas, California.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

71.5%Gross margin6
61.2%Operating margin6
56.5%Net margin6
175.3%Revenue growth, 20266
72.7%Return on equity6
0.00×Debt to equity6
$11.5BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Edge brought in 60% of the revenue Sandisk broke down this way in fiscal 2026.

  1. Edge$12.2B660%up 195% from 2025
  2. Datacenter$5.2B625%up 437% from 2025
  3. Consumer$2.9B614%up 29% from 2025
Products and services by year
Products and services202420252026
Edge$4.1B$4.1B$12.2B
Datacenter$325.0M$960.0M$5.2B
Consumer$2.3B$2.3B$2.9B

Regions

Hong Kong brought in 25% of the revenue Sandisk broke down this way in fiscal 2026.

  1. Hong Kong$5.1B625%up 294% from 2025
  2. Rest of Asia$4.6B623%up 313% from 2025
  3. China$4.5B622%up 121% from 2025
  4. United States$3.7B618%up 157% from 2025
  5. EMEA$1.7B69%up 35% from 2025
  6. Other Geographical$561.0M63%up 228% from 2025
Regions by year
Regions202420252026
Hong Kong$1.0B$1.3B$5.1B
Rest of Asia$917.0M$1.1B$4.6B
China$2.5B$2.0B$4.5B
United States$933.0M$1.4B$3.7B
EMEA$1.1B$1.3B$1.7B
Other Geographical$162.0M$171.0M$561.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue28¢$5.8B
  • Research and development6¢$1.3B
  • Selling, general and admin3¢$676.0M
  • Income tax8¢$1.6B
  • Profit55¢$11.4B

Out of $20.2B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending2¢$177.0M
  • Share buybacks39¢$4.5B
  • Kept or used elsewhere60¢$7.0B

Out of $11.7B of cash from operations.6

Financial statements

Revenue106$20.2B in 2026+233% since 2023
0$10.0B$20.0B$30.0B2023: $6.1B$6.1B20232024: $6.7B$6.7B2024+9%2025: $7.4B$7.4B2025+10%2026: $20.2B$20.2B2026+175%
Gross profit106$14.5B in 2026+3266% since 2023
0$5.0B$10.0B$15.0B2023: $430.0M$430.0M20232024: $1.1B$1.1B2024+149%2025: $2.2B$2.2B2025+106%2026: $14.5B$14.5B2026+554%
Operating income106$12.4B in 2026
-$5.0B0$5.0B$10.0B$15.0B2023: -$2.0B-$2.0B20232024: -$468.0M-$468.0M2024−77%2025: -$1.4B-$1.4B2025+194%2026: $12.4B$12.4B2026
Net income106$11.4B in 2026
-$5.0B0$5.0B$10.0B$15.0B2023: -$2.1B-$2.1B20232024: -$672.0M-$672.0M2024−69%2025: -$1.6B-$1.6B2025+144%2026: $11.4B$11.4B2026

Every line of the income statement in the latest annual report, as filed.6

Period ending2026-06-302025-06-302024-06-30
Revenue, net$20.2B$7.4B$6.7B
Cost of revenue$5.8B$5.1B$5.6B
Gross profit$14.5B$2.2B$1.1B
Research and development$1.3B$1.1B$1.1B
Selling, general and administrative$676.0M$573.0M$455.0M
Goodwill impairment$0$1.8B$0
Loss on debt extinguishment$46.0M$0$0
Business separation costs$25.0M$67.0M$64.0M
Employee termination and other-$2.0M$21.0M-$40.0M
(Gain) loss on business divestiture$10.0M-$34.0M$0
Total operating expenses$2.1B$3.6B$1.5B
Operating income (loss)$12.4B-$1.4B-$468.0M
Gain (loss) on equity securities, net$808.0M-$2.0M$1.0M
Interest income$70.0M$22.0M$12.0M
Interest expense-$73.0M-$63.0M-$40.0M
Other income (expense), net-$177.0M-$59.0M-$8.0M
Total interest and other income (expense), net$628.0M-$102.0M-$35.0M
Income (loss) before taxes$13.0B-$1.5B-$503.0M
Income tax expense$1.6B$162.0M$169.0M
Net income (loss)$11.4B-$1.6B-$672.0M
Basic (in dollars per share)$77.78-$11.32-$4.63
Diluted (in dollars per share)$73.76-$11.32-$4.63
Basic (in shares)147.0M shares145.0M shares145.0M shares
Diluted (in shares)155.0M shares145.0M shares145.0M shares

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The story

Founded by Eli Harari and Sanjay Mehrotra on Jun 1, 1988, in Milpitas.1

The company was originally founded in 1988 as SunDisk by Eli Harari, Sanjay Mehrotra, and Jack Yuan.

Harari developed the Floating Gate EEPROM which proved the practicality, reliability and endurance of semiconductor-based data storage. The three co-founders had the goal of developing and selling solid state storage products that could hold data for years without requiring external power.

In 1991, SunDisk produced the first flash-based solid-state drive (SSD) in a 2.5-inch hard disk drive form factor for IBM with a 20 MB capacity priced at about $1,000.

In 1992, SunDisk introduced FlashDisk, a series of memory cards made for the PCMCIA or PC Card form factor, so they could be inserted into the expansion slots of many laptops and handheld PCs of the time. Unlike other similar products at the time, FlashDisks did not require a battery to store their contents. The company discontinued their production in 2002, and the highest capacity model had 8 gigabytes of capacity.

On November 8, 1995, SunDisk changed its name to SanDisk to avoid confusion with Sun Microsystems, and went public under the new name via an initial public offering, marking the company's first tenure on the Nasdaq under the stock ticker SNDK. 16 million shares were sold at a price of $10.00 per share.

On May 10, 2000, the Toshiba Corporation of Japan and the SanDisk Corporation said that they would jointly form a new semiconductor company to produce advanced flash memory, primarily for digital cameras.

In 2005 SanDisk entered the digital audio player market with the release of its first flash-based MP3 player, the SanDisk Sansa e100. As soon as 2006, they became the second largest maker of digital audio players in the United States behind Apple.

In October 2005, SanDisk acquired Matrix Semiconductor. In July 2006, SanDisk acquired M-Systems. In May 2011, SanDisk acquired Pliant Technology, a manufacturer of solid state drives, for $327 million. In February 2012, SanDisk acquired FlashSoft. In June 2012, SanDisk acquired Schooner Information Technology, developer of the flash-optimized database software SchoonerSQL and caching software Membrain. In July 2013, SanDisk acquired SMART Storage Systems, a producer of SSDs for the enterprise market, for $307 million. In June 2014, SanDisk acquired Fusion-io, a producer of flash memory for enterprise data centers, for $1.1 billion.

Read the full text

In 2012, the Enough Project ranked SanDisk the third best of the 24 consumer electronics companies surveyed for their "progress on conflict minerals".

In 2014, SanDisk co-founder Harari won the National Medal of Technology and Innovation from President Barack Obama for his innovations and contributions to flash memory storage.

On January 8, 2015, NexGen Storage, which had been acquired by Fusion-io, was spun out as an independent company; it would be acquired by Pivot3 in January 2016.

In October 2015, Western Digital announced its intent to acquire SanDisk for $19 billion. The acquisition was completed on May 12, 2016; the valuation was lowered to $16 billion after Chinese company Unisplendour pulled out of an agreement to acquire a 15% stake in WD.

In October 2023, Western Digital announced its intent to spin off its flash storage businesses as a new public company under the SanDisk name, leaving WD focused solely on hard drives. In addition to SanDisk-branded products, the spin-off would also include all flash storage products that were marketed under the WD branding. The company began preparations for the split in October 2024, when all product listings and information for WD-branded flash storage products were moved under the SanDisk website. In December 2024, SanDisk unveiled a new pixel-inspired logo, replacing a design used in various forms since 1995; it also renamed itself as Sandisk, eschewing the use of camel case in its name.

The split was completed on February 24, 2025, with Sandisk relisted on the NASDAQ for the first time since its 2016 acquisition by WD (under the same ticker symbol from its 1995 IPO to its 2016 acquisition by WD, SNDK), and WD CEO David Goeckeler moving to the new company. WD continues to hold an equity stake in Sandisk, but had trimmed it to around $1 billion by early 2026 and planned to sell it all off over time. In January 2026, it was announced that the WD-branded "Blue" and "Black" SSDs products by Sandisk would be rebranded as "SanDisk Optimus" and "Optimus GX" respectively, maintaining the same model numbers.

The company's stock was re-added to the NASDAQ-100 index on April 20, 2026.

An inconsistency has been identified within the manufacturer brand strings reported by modern SanDisk NVMe Solid-State Drives (SSDs). This variance creates an unexpected discrepancy in system reporting tools and device identification logs. For example, for the Sandisk PC SN5100 NVMe SSD, their device metadata returns the vendor/brand string formatted as "Sandisk" (lowercase "d"). However, for the SanDisk PC SN7100 NVMe SSD, their device metadata returns the vendor/brand string formatted as "SanDisk" (uppercase "D"). While this variation does not impact the mechanical performance or transfer speeds of the hardware, it introduces minor challenges for automated system inventory scripts and hardware management software. Parsing tools that rely on exact string matching may misidentify these components as originating from different vendors due to case-sensitive evaluation constraints. This discrepancy most likely stems from conflicting legacy firmware templates utilized during the corporate transition and consolidation of the Western Digital and SanDisk storage lines.

From Wikipedia’s article on Sandisk, shared under CC BY-SA 4.0.8

Leadership

Who has led Sandisk, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • NAND flash
  • USB flash drive
  • computer memory
  • dynamic random-access memory
  • memory card
  • portable media player
  • solid-state drive

Listed on Wikidata.1

Timeline

  1. 2025Went public Listed on NASDAQ1
  2. 2024Renamed Name changed to SanDisk Corporation1
  3. 2016Renamed Name changed to SanDisk LLC1
  4. 1995Renamed Name changed to SanDisk Corporation1
  5. Jun 1, 1988Founded Founded in Milpitas1

Recent filings

  1. Oct 6, 2026DEF 14A DEFINITIVE PROXY STATEMENT
  2. Oct 6, 2026DEFA14A DEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALS
  3. Oct 6, 2026ARS ANNUAL REPORT TO SECURITY HOLDERS
  4. Oct 2, 20264 PRIMARY DOCUMENT
  5. Sep 21, 20264 PRIMARY DOCUMENT
  6. Sep 21, 20264 PRIMARY DOCUMENT
  7. Sep 21, 20264 PRIMARY DOCUMENT
  8. Sep 21, 20264 PRIMARY DOCUMENT
  9. Sep 21, 20264 PRIMARY DOCUMENT
  10. Sep 17, 2026144
  11. Sep 16, 20268-K
  12. Sep 16, 20264 PRIMARY DOCUMENT
  13. Sep 16, 20264 PRIMARY DOCUMENT
  14. Sep 15, 2026144
  15. Sep 14, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Yahoo FinanceSNDK quote
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