Sandisk Corp (SNDK)
SanDisk Corporation specializes in designing, manufacturing, and supplying storage solutions and devices leveraging advanced NAND flash technology. Its diverse product line features solid-state drives (SSDs), embedded memory solutions, removable memory cards, universal serial bus (USB) devices, and underlying wafers and components. Founded on June 1, 1988, the company maintains its principal executive offices in Milpitas, California.
Sector: Computer Storage Devices
Industry: Computer Hardware
Sandisk Corporation
NASDAQ:SNDKTechnology · Computer Hardware
+3.55%$835.06
CLOSED · Nov 6Prev close$806.43+3.55%Close$835.06+0.77%AH close$841.46
AH$841.46+0.77%vs close
Mkt Cap$118.82B
Float144.88M
O/S142.29M
VOL17.76M sh
$ Vol$15.14B
RVOL1.65×
Inst Own-
SI3.3%
Dilution
Financials Summary
Revenue$20.25B
Net Income$11.43B
Total Assets$22.51B
Free Cash Flow$11.49B
Debt & Equity
Debt 2%
Equity 98%
Total Debt$393M
Total Equity$15.74B
Shares Outstanding
Short Interest
Split History2 splits
- 8:1Forward splitNov 20, 20261 share → 8
- 2:1Forward splitFeb 19, 20041 share → 2
Balance Sheet Details
Assets$22.51B
Liabilities$6.77B
Accounts Receivable$4.73B
Accounts Payable$516M
Inventory$2.7B
PP&E (Net)$674M
Goodwill$4.99B
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-03 | 2025-06-27 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Revenue | $20.25B | $7.36B | $6.66B | $6.09B | $9.75B |
| YoY Growth | 175.3% | 10.4% | 9.5% | -37.6% | - |
| Cost of Revenue | $5.78B | $5.14B | $5.59B | $5.66B | $6.51B |
| Gross Profit | $14.47B | $2.21B | $1.07B | $430M | $3.24B |
| Gross Margin | 71.5% | 30.1% | 16.1% | 7.1% | 33.3% |
| Research and Development | $1.33B | $1.13B | $1.06B | $1.17B | $1.36B |
| Selling, General, and Administrative | $676M | $573M | $455M | $558M | $666M |
| Other | $79M | $1.88B | $24M | $740M | $16M |
| Total Operating Expenses | $2.08B | $3.59B | $1.54B | $2.46B | $2.04B |
| Operating Income (EBIT) | $12.39B | -$1.38B | -$468M | -$2.04B | $1.2B |
| Operating Margin | 61.2% | -18.7% | -7.0% | -33.4% | 12.3% |
| Interest Expense | $73M | $63M | $40M | $31M | $9M |
| Interest Income | $70M | $22M | $12M | $21M | $0 |
| Other Income (Expense) | $628M | -$102M | -$35M | $33M | $34M |
| Income Before Tax (EBT) | $13.02B | -$1.48B | -$503M | -$2B | $1.23B |
| Income Tax Expense | $1.58B | $162M | $169M | $141M | $170M |
| Net Income | $11.43B | -$1.64B | -$672M | -$2.14B | $1.06B |
| Net Income Margin | 56.5% | -22.3% | -10.1% | -35.2% | 10.9% |
| Supplementary Data | |||||
| EPS | 77.78 | -11.32 | -4.67 | -14.88 | 7.39 |
| Diluted EPS | 73.76 | -11.32 | -4.67 | -14.88 | 7.39 |
| Weighted Average OS | 147.00M | 145.00M | 144.00M | 144.00M | 144.00M |
| EBITDA | $13.24B | -$1.25B | -$239M | -$1.52B | $1.74B |
| EBITDA Margin | 65.4% | -17.0% | -3.6% | -25.0% | 17.8% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-03 | 2025-06-27 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-07-01 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $4.76B | $1.48B | $328M | $292M | $335M | $335M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.76B | $1.48B | $328M | $292M | $335M | $335M |
| Accounts Receivable | $4.73B | $1.13B | $935M | $539M | $1.29B | $1.29B |
| Inventory | $2.7B | $2.08B | $1.96B | $2.27B | $1.99B | $1.99B |
| Other Current Assets | $590M | $392M | $330M | $300M | $873M | $873M |
| Total Current Assets | $12.78B | $5.09B | $3.55B | $3.4B | $4.49B | $4.49B |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $674M | $619M | $970M | $1.03B | $1.04B | $1.04B |
| Goodwill | $4.99B | $5B | $7.21B | $7.21B | $7.89B | $7.89B |
| Intangible Assets | $0 | $0 | $0 | $0 | $133M | $133M |
| Long-Term Investments | $1.78B | $734M | $510M | $617M | $615M | $615M |
| Deferred Tax Assets | $66M | $58M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.22B | $1.49B | $1.27B | $1.56B | $1.6B | $1.6B |
| Total Long-Term Assets | $9.73B | $7.9B | $9.96B | $10.42B | $11.27B | $11.27B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $22.51B | $12.98B | $13.51B | $13.82B | $15.76B | $15.76B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $516M | $366M | $357M | $626M | $788M | $788M |
| Short-Term Debt | $0 | $20M | $814M | $919M | $950M | $950M |
| Current Income Tax Payable | $1.29B | $43M | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.35B | $0 | $0 | $71M | $55M | $55M |
| Total Current Liabilities | $5.58B | $1.43B | $2.12B | $2.17B | $2.51B | $2.51B |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $393M | $1.83B | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $161M | $17M | $15M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $636M | $303M | $115M | $119M | $271M | $271M |
| Total Long-Term Liabilities | $1.19B | $2.34B | $301M | $207M | $271M | $271M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $6.77B | $3.77B | $2.42B | $2.38B | $2.78B | $2.78B |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1M | $1M | $11.53B | $11.78B | $13.38B | $13.38B |
| Retained Earnings | $9.65B | -$1.78B | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | -$256M | -$249M | -$452M | -$343M | -$407M | -$407M |
| Other Stockholders' Equity | $6.09B | $11B | -$452M | -$343M | -$407M | -$407M |
| Total Equity | $15.74B | $9.22B | $11.08B | $11.44B | $12.98B | $12.98B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $22.51B | $12.98B | $13.51B | $13.82B | $15.76B | $15.76B |
| Supplementary Data | ||||||
| Total Debt | $393M | $2.04B | $985M | $1.02B | $950M | $950M |
| Net Debt | -$4.37B | $561M | $657M | $728M | $615M | $615M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-03 | 2025-06-27 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Operating Activities | |||||
| Net Income | $11.43B | -$1.64B | -$672M | -$2.14B | $1.06B |
| Depreciation & Amortization | $149M | $163M | $224M | $448M | $525M |
| Deferred Income Tax | $120M | -$12M | -$16M | -$81M | $0 |
| Stock-Based Compensation | $232M | $182M | $149M | $165M | $171M |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$3.64B | -$100M | -$395M | $750M | -$165M |
| Inventory | -$619M | -$160M | $314M | -$277M | -$56M |
| Accounts Payable | $109M | $70M | $53M | -$147M | $0 |
| Other Working Capital | $1.36B | -$190M | -$58M | -$129M | -$340M |
| Total Working Capital Change | -$2.79B | -$380M | -$86M | $197M | -$561M |
| Other Non-Cash Items | $2.53B | $1.77B | $92M | $701M | -$48M |
| Net Cash from Operating | $11.67B | $84M | -$309M | -$713M | $1.15B |
| Investing Activities | |||||
| Capital Expenditures | -$177M | -$204M | -$166M | -$219M | -$410M |
| Acquisitions | $0 | $402M | $0 | $16M | $0 |
| Purchases of Investments | -$970M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$239M | $358M | $376M | $14M | -$62M |
| Net Cash from Investing | -$1.39B | $556M | $210M | -$189M | -$472M |
| Financing Activities | |||||
| Debt Repaid | $1.9B | -$1.87B | - | - | - |
| Common Stock Issuance | $53M | $5M | $0 | $0 | $0 |
| Common Stock Repurchases | -$4.52B | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$630M | -$1.93B | $394M | $676M | -$650M |
| Net Cash from Financing | -$7B | $518M | $136M | $860M | -$650M |
| Forex Effect | -$3M | -$5M | -$1M | -$1M | $306M |
| Net Change in Cash | $3.28B | $1.15B | $36M | -$43M | $335M |
| Supplementary Data | |||||
| Operating Cash Flow | $11.67B | $84M | -$309M | -$713M | $1.15B |
| Capital Expenditure | -$177M | -$204M | -$166M | -$219M | -$410M |
| Free Cash Flow | $11.49B | -$120M | -$475M | -$932M | $741M |
| Cash at Beginning | $1.48B | $328M | $292M | $335M | $0 |
| Cash at End | $4.76B | $1.48B | $328M | $292M | $335M |