Sandisk Corporation logo SNDK - Sandisk Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 12
HOLD 3
SELL 0
STRONG
SELL 0
| PRICE TARGET: $1,335.63 DETAILS
HIGH: $2,350.00
LOW: $450.00
MEDIAN: $1,325.00
CONSENSUS: $1,335.63
DOWNSIDE: 9.67%
Annual Quarterly
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1
Revenue
Revenue 5,950 3,025 2,308 1,901 1,695 1,876 1,883 1,760 1,705 1,665 1,533
Cost of Revenue 1,288 1,484 1,621 1,403 1,313 1,270 1,157 1,124 1,242 1,504 1,721
Gross Profit 4,662 1,541 687 498 382 606 726 636 463 161 (188)
Operating Expenses
R&D Expenses 337 327 316 285 285 279 283 298 277 246 240
SG&A Expenses 161 139 179 162 139 142 130 117 107 113 118
Other Expenses 53 0 0 33 0 (10) 0 22 14 47 (59)
Operating Expenses 551 466 495 480 424 411 413 437 398 406 299
Operating Income
Operating Income 4,111 1,075 192 18 (42) 195 313 199 65 (245) (487)
Interest Expense 18 25 40 41 16 4 2 9 9 11 8
Interest Income 12 12 16 11 6 2 3 3 3 3 0
Profitability
EBITDA 4,111 1,113 228 59 (5) 213 367 260 119 (249) (489)
EBIT 4,111 1,075 192 23 (42) 177 313 206 63 (249) (546)
Income Before Tax 4,107 937 124 (18) (1,901) 173 267 197 54 (260) (494)
Income Tax Expense 492 134 12 5 32 69 56 77 27 41 24
Net Income 3,615 803 112 (23) (1,933) 104 211 120 27 (301) (518)
Per Share Data
EPS (Basic) 24.43 5.46 0.76 -0.16 -13.33 0.72 1.46 0.83 0.19 -2.08 -3.60
EPS (Diluted) 23.03 5.15 0.75 -0.16 -13.33 0.72 1.46 0.83 0.19 -2.08 -3.60
Shares Outstanding 148 147 147 145 145 144 145 144.5 145 144 144
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2023 Q4
Current Assets
Cash & Cash Equivalents 3,735 1,539 1,442 1,481 1,507 804 322 328 292
Short-Term Investments 0 0 0 0 0 0 0 0 0
Net Receivables 2,860 1,284 1,265 1,134 1,032 912 1,037 1,044 539
Inventory 2,238 1,970 1,907 2,079 2,160 2,172 2,069 1,955 2,269
Other Current Assets 335 357 370 392 391 568 960 221 300
Total Current Assets 9,168 5,150 4,984 5,086 5,090 4,456 4,388 3,548 3,400
Non-Current Assets
Property, Plant & Equipment 649 631 630 619 603 579 728 791 1,026
Goodwill 4,994 4,995 4,998 4,999 4,997 6,825 6,932 7,207 7,212
Intangible Assets 0 0 0 0 0 0 0 0 0
Long-Term Investments 684 775 663 734 662 510 563 510 617
Other Non-Current Assets 1,493 1,385 1,417 1,489 1,557 1,768 1,279 1,354 1,565
Total Non-Current Assets 7,907 7,848 7,765 7,899 7,870 9,778 9,502 9,958 10,420
Total Assets 17,075 12,998 12,749 12,985 12,960 14,234 13,890 13,506 13,820
Current Liabilities
Account Payables 416 436 398 366 363 320 649 357 626
Short-Term Debt 0 20 20 20 20 553 296 814 919
Deferred Revenue 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,501 0 0 0 0 0 142 0 71
Total Current Liabilities 1,917 1,654 1,516 1,427 1,375 1,873 1,472 2,123 2,174
Non-Current Liabilities
Long-Term Debt 0 583 1,331 1,829 1,927 0 0 0 0
Deferred Tax Liabilities 17 22 28 17 17 53 0 15 0
Other Non-Current Liabilities 1,364 340 305 303 284 128 122 115 119
Total Non-Current Liabilities 1,381 1,131 1,852 2,342 2,424 360 292 301 207
Total Liabilities 3,298 2,785 3,368 3,769 3,799 2,233 1,764 2,424 2,381
Stockholders' Equity
Common Stock 1 1 1 1 1 12,435 12,369 11,534 11,782
Retained Earnings 2,746 (869) (1,672) (1,784) (1,761) 0 0 0 0
Accumulated Other Comprehensive Income (259) (255) (234) (249) (306) (434) (243) (452) (343)
Total Stockholders' Equity 13,777 10,213 9,381 9,216 9,161 12,001 12,126 11,082 11,439
Total Liabilities & Equity 17,075 12,998 12,749 12,985 12,960 14,234 13,890 13,506 13,820
Debt Metrics
Total Debt 0 789 1,539 2,042 2,143 732 475 985 1,020
Net Debt (3,735) (750) 97 561 636 (72) 153 657 728
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1
Operating Activities
Net Income 3,615 803 112 (23) (1,933) 104 211 120 27 (301) 27
Depreciation & Amortization 38 38 36 36 37 36 54 54 56 57 56
Stock-Based Compensation 54 58 53 49 44 48 41 34 38 37 0
Change in Working Capital (709) 63 250 56 51 (143) (344) (353) (182) 154 (182)
Other Non-Cash Items 72 70 34 (5) 1,843 22 (88) 34 47 55 85
Operating Cash Flow 3,038 1,019 488 94 26 95 (131) (130) (12) 2 (12)
Investing Activities
Capital Expenditure (45) (39) (50) (45) (44) (48) (67) (38) (29) (75) (29)
Acquisitions 0 11 25 0 210 192 0 0 1 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (38) (137) 10 28 238 44 48 35 128 66 129
Investing Cash Flow (83) (165) (15) (17) 404 188 (19) (3) 100 (9) 100
Financing Activities
Net Debt Issuance (650) (750) (500) (100) 1,970 550 25 31 (275) 0 (201)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (102) (8) (15) (7) (1,694) (420) 189 54 140 229 66
Financing Cash Flow (752) (758) (515) (102) 276 130 214 85 (135) 229 (135)
Cash Position
Net Change in Cash 2,196 97 (39) (26) 703 804 (328) (49) (48) 223 0
Cash at Beginning 1,539 1,442 1,481 1,507 804 0 328 377 425 202 0
Cash at End 3,735 1,539 1,442 1,481 1,507 804 0 328 377 425 0
Free Cash Flow 2,993 980 438 49 (18) 47 (198) (168) (41) (73) (41)
Key Metrics 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1
Income Statement
Revenue 5,950 3,025 2,308 1,901 1,695 1,876 1,883 1,760 1,705 1,665 1,533
Gross Profit 4,662 1,541 687 498 382 606 726 636 463 161 (188)
Operating Income 4,111 1,075 192 18 (42) 195 313 199 65 (245) (487)
Net Income 3,615 803 112 (23) (1,933) 104 211 120 27 (301) (518)
EPS (Diluted) 23.03 5.15 0.75 -0.16 -13.33 0.72 1.46 0.83 0.19 -2.08 -3.60
Balance Sheet
Cash & Equivalents 3,735 1,539 1,442 1,481 1,507 804 322 328 292
Total Assets 17,075 12,998 12,749 12,985 12,960 14,234 13,890 13,506 13,820
Total Debt 0 789 1,539 2,042 2,143 732 475 985 1,020
Stockholders' Equity 13,777 10,213 9,381 9,216 9,161 12,001 12,126 11,082 11,439
Cash Flow
Operating Cash Flow 3,038 1,019 488 94 26 95 (131) (130) (12) 2 (12)
Capital Expenditure (45) (39) (50) (45) (44) (48) (67) (38) (29) (75) (29)
Free Cash Flow 2,993 980 438 49 (18) 47 (198) (168) (41) (73) (41)