Sndk Stock: the business angle

Blowout results, a bullish forecast, new long-term supply contracts with guardrails, and a $6 billion buyback aim to smooth memory cycles even as the stock cooled after hours. Sndk Stock has emerged this Friday as one of the stories drawing attention in Israel.

Key facts

• Blowout results, a bullish forecast, new long-term supply contracts with guardrails, and a $6 billion buyback aim to smooth memory cycles even as the stock cooled after hours.
• Sandisk Corporation (Nasdaq: SNDK) today reported fiscal third quarter financial results. “This quarter marks a fundamental inflection point for Sandisk.
• Sandisk Reports Fiscal Third Quarter 2026 Financial Results.
• After the completion of the separation, in the third quarter of fiscal 2025, the Company identified potential impairment indicators related to the trading price of the Company’s common stock and resulting market capitalization that warranted a quantitative impairment analysis of long-lived assets and goodwill.
• As discussed further below, these Non-GAAP measures exclude, as applicable, goodwill impairment, stock-based compensation expense, business separation costs, employee termination and other, (gain) loss on business divestiture, loss on debt extinguishment, other adjustments, and income tax adjustments.

What we know

Going deeper, Sandisk Corporation (Nasdaq: SNDK) today reported fiscal third quarter financial results. “This quarter marks a fundamental inflection point for Sandisk.

On the substance, Sandisk Reports Fiscal Third Quarter 2026 Financial Results.

Beyond the headlines, after the completion of the separation, in the third quarter of fiscal 2025, the Company identified potential impairment indicators related to the trading price of the Company’s common stock and resulting market capitalization that warranted a quantitative impairment analysis of long-lived assets and goodwill.

More precisely, as discussed further below, these Non-GAAP measures exclude, as applicable, goodwill impairment, stock-based compensation expense, business separation costs, employee termination and other, (gain) loss on business divestiture, loss on debt extinguishment, other adjustments, and income tax adjustments.

It is worth noting that Sandisk Announces Pricing of Secondary Offering of Common Stock.

By the numbers

At this stage, Third quarter revenue was $5.95 billion, up 97% sequentially and above the guidance range, with GAAP net income reported at $3,615 million ($23.03 diluted net income per share).

On a related note, Revenue outperformance was driven by both our mix shift toward higher-value customers, with Datacenter up 233%, and higher pricing.

Going deeper, Third quarter Non-GAAP diluted net income per share was $23.41.

On the substance, Expect fourth quarter revenue to be in the range of $7.75 billion to $8.25 billion, with expected Non-GAAP diluted net income per share to be in the range of $30.00 to $33.00.

The wider context

On a related note, Business Outlook for Fiscal Fourth Quarter of 2026.

Going deeper, On February 21, 2025, Sandisk Corporation (the “Company”) completed its separation from Western Digital Corporation (“WDC”) and became a standalone publicly traded company.

On the substance, the financial statements for all periods presented, including the historical results of the Company prior to February 21, 2025, are now referred to as “Consolidated Financial Statements” and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).

Beyond the headlines, the investment community conference call to discuss these results and the Company’s business outlook for the fiscal fourth quarter of 2026 will be broadcast live online today at 1:30 p.m.

More precisely, the financial results for the Company’s fiscal third quarter ended April 3, 2026 included in this press release represent the most current information available to management.

The bottom line

• After the completion of the separation, in the third quarter of fiscal 2025, the Company identified potential impairment indicators related to the trading price of the Company’s common stock and resulting market capitalization that warranted a quantitative impairment analysis of long-lived assets and goodwill.
• As discussed further below, these Non-GAAP measures exclude, as applicable, goodwill impairment, stock-based compensation expense, business separation costs, employee termination and other, (gain) loss on business divestiture, loss on debt extinguishment, other adjustments, and income tax adjustments.
• The financial statements for all periods presented, including the historical results of the Company prior to February 21, 2025, are now referred to as “Consolidated Financial Statements” and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
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