NASDAQ : SNDK
Sandisk Corporation — Financial statements
Technology · Computer Hardware · United States
Last price 1330.05 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 194.74B
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Financial statements
Sandisk Corporation (SNDK) reported revenue of 28.97B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 28.97B | 20.25B | 7.36B | 6.66B | 6.09B | 9.75B |
| Cost of Revenue | 5.81B | 5.78B | 5.14B | 5.59B | 5.66B | 6.51B |
| Gross Profit | 23.16B | 14.47B | 2.21B | 1.07B | 430.00M | 3.24B |
| Selling, General & Admin | 711.00M | 676.00M | 573.00M | 455.00M | 558.00M | 666.00M |
| Research & Development | 1.40B | 1.33B | 1.13B | 1.06B | 1.17B | 1.36B |
| Operating Expenses | 2.11B | 2.00B | 1.71B | 1.52B | 1.73B | 2.03B |
| Operating Income | 21.06B | 12.47B | 507.00M | -444.00M | -1.29B | 1.22B |
| Interest Expense | -35.00M | -73.00M | -63.00M | -40.00M | -31.00M | -15.00M |
| Interest & Investment Income | 105.00M | 70.00M | 22.00M | 12.00M | 21.00M | 6.00M |
| Earnings From Equity Investments | 9.00M | 45.00M | 51.00M | |||
| Currency Exchange Gain (Loss) | -21.00M | -17.00M | -29.00M | -4.00M | -5.00M | |
| Other Non Operating Income (Expenses) | -67.00M | -67.00M | -30.00M | -4.00M | 3.00M | -8.00M |
| EBT Excluding Unusual Items | 21.05B | 12.38B | 407.00M | -480.00M | -1.26B | 1.25B |
| Merger & Restructuring Charges | -17.00M | -23.00M | -88.00M | -24.00M | -69.00M | -16.00M |
| Impairment of Goodwill | -1.83B | -671.00M | ||||
| Gain (Loss) on Sale of Investments | 1.32B | 808.00M | -2.00M | 1.00M | ||
| Gain (Loss) on Sale of Assets | -10.00M | 34.00M | ||||
| Legal Settlements | -93.00M | -93.00M | ||||
| Other Unusual Items | -46.00M | -46.00M | ||||
| Pretax Income | 22.21B | 13.02B | -1.48B | -503.00M | -2.00B | 1.23B |
| Income Tax Expense | 2.79B | 1.58B | 162.00M | 169.00M | 141.00M | 170.00M |
| Net Income | 19.42B | 11.43B | -1.64B | -672.00M | -2.14B | 1.06B |
| Net Income to Common | 19.42B | 11.43B | -1.64B | -672.00M | -2.14B | 1.06B |
| Shares Outstanding (Basic) | 147.00M | 147.00M | 145.00M | 145.00M | 145.00M | |
| Shares Outstanding (Diluted) | 156.25M | 155.00M | 145.00M | 145.00M | 145.00M | |
| EPS (Basic) | 132.12 | 77.78 | -11.32 | -4.63 | -14.78 | |
| EPS (Diluted) | 124.30 | 73.76 | -11.32 | -4.63 | -14.78 | |
| Free Cash Flow | 17.36B | 11.49B | -120.00M | -475.00M | -932.00M | 741.00M |
| Free Cash Flow Per Share | 111.14 | 74.16 | -0.83 | -3.28 | -6.43 | |
| Gross Margin | 79.95% | 71.47% | 30.08% | 16.09% | 7.07% | 33.26% |
| Operating Margin | 72.68% | 61.58% | 6.89% | -6.66% | -21.28% | 12.47% |
| Profit Margin | 67.04% | 56.46% | -22.31% | -10.09% | -35.21% | 10.91% |
| Free Cash Flow Margin | 59.94% | 56.77% | -1.63% | -7.13% | -15.31% | 7.60% |
| EBITDA | 21.21B | 12.62B | 670.00M | -220.00M | -847.00M | 1.74B |
| EBITDA Margin | 73.22% | 62.31% | 9.11% | -3.30% | -13.92% | 17.85% |
| D&A For EBITDA | 156.00M | 149.00M | 163.00M | 224.00M | 448.00M | 525.00M |
| EBIT | 21.06B | 12.47B | 507.00M | -444.00M | -1.29B | 1.22B |
| EBIT Margin | 72.68% | 61.58% | 6.89% | -6.66% | -21.28% | 12.47% |
| Effective Tax Rate | 12.56% | 12.17% | 13.78% | |||
| Advertising Expenses | 55.00M | 29.00M | 31.00M | 35.00M | 47.00M |
Balance sheet
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.14B | 4.76B | 1.48B | 328.00M | 292.00M | 335.00M |
| Short-Term Investments | 70.00M | |||||
| Cash & Short-Term Investments | 5.21B | 4.76B | 1.48B | 328.00M | 292.00M | 335.00M |
| Accounts Receivable | 6.58B | 4.71B | 1.07B | 935.00M | 539.00M | 1.29B |
| Other Receivables | 78.00M | 59.00M | 103.00M | 7.00M | 3.00M | 16.00M |
| Receivables | 6.66B | 4.77B | 1.17B | 1.04B | 605.00M | 1.90B |
| Inventory | 3.02B | 2.70B | 2.08B | 1.96B | 2.27B | 1.99B |
| Other Current Assets | 467.00M | 553.00M | 355.00M | 221.00M | 234.00M | 266.00M |
| Total Current Assets | 15.35B | 12.78B | 5.09B | 3.55B | 3.40B | 4.49B |
| Property, Plant & Equipment | 897.00M | 867.00M | 833.00M | 970.00M | 1.03B | 1.04B |
| Long-Term Investments | 2.56B | 2.05B | 295.00M | 510.00M | 617.00M | 615.00M |
| Goodwill | 5.00B | 4.99B | 5.00B | 7.21B | 7.21B | 7.89B |
| Other Intangible Assets | 133.00M | |||||
| Long-Term Deferred Tax Assets | 69.00M | 66.00M | 58.00M | 96.00M | 76.00M | 74.00M |
| Long-Term Deferred Charges | 7.00M | 8.00M | ||||
| Other Long-Term Assets | 1.19B | 1.17B | 1.35B | 684.00M | 695.00M | 649.00M |
| Total Assets | 25.79B | 22.51B | 12.98B | 13.51B | 13.82B | 15.76B |
| Accounts Payable | 1.28B | 976.00M | 766.00M | 670.00M | 626.00M | 788.00M |
| Accrued Expenses | 725.00M | 921.00M | 377.00M | 402.00M | 545.00M | 720.00M |
| Short-Term Debt | 814.00M | 919.00M | 950.00M | |||
| Current Portion of Long-Term Debt | 20.00M | |||||
| Current Portion of Leases | 23.00M | 24.00M | 26.00M | 11.00M | 13.00M | |
| Current Income Taxes Payable | 1.52B | 1.29B | 43.00M | 20.00M | 48.00M | 24.00M |
| Current Unearned Revenue | 777.00M | 849.00M | 25.00M | |||
| Other Current Liabilities | 1.62B | 1.52B | 170.00M | 206.00M | 23.00M | 31.00M |
| Total Current Liabilities | 5.95B | 5.58B | 1.43B | 2.12B | 2.17B | 2.51B |
| Long-Term Debt | 1.83B | |||||
| Long-Term Leases | 178.00M | 177.00M | 193.00M | 171.00M | 88.00M | |
| Long-Term Unearned Revenue | 752.00M | 393.00M | ||||
| Long-Term Deferred Tax Liabilities | 144.00M | 161.00M | 17.00M | 15.00M | 28.00M | 74.00M |
| Other Long-Term Liabilities | 634.00M | 459.00M | 303.00M | 115.00M | 91.00M | 197.00M |
| Total Liabilities | 7.66B | 6.77B | 3.77B | 2.42B | 2.38B | 2.78B |
| Common Stock | 2.00M | 1.00M | 1.00M | 11.53B | 11.78B | 13.38B |
| Additional Paid-In Capital | 10.21B | 10.88B | 11.25B | |||
| Retained Earnings | 17.75B | 9.65B | -1.78B | |||
| Treasury Stock | -9.58B | -4.54B | ||||
| Comprehensive Income & Other | -248.00M | -256.00M | -249.00M | -452.00M | -343.00M | -407.00M |
| Total Common Equity | 18.13B | 15.74B | 9.22B | 11.08B | 11.44B | 12.98B |
| Shareholders' Equity | 18.13B | 15.74B | 9.22B | 11.08B | 11.44B | 12.98B |
| Total Liabilities & Equity | 25.79B | 22.51B | 12.98B | 13.51B | 13.82B | 15.76B |
| Total Debt | 201.00M | 201.00M | 2.07B | 996.00M | 1.02B | 950.00M |
| Net Cash (Debt) | 7.29B | 6.34B | -587.00M | -668.00M | -728.00M | -615.00M |
| Net Cash Per Share | 46.68 | 40.89 | -4.05 | -4.61 | -5.02 | |
| Filing Date Shares Outstanding | 142.29M | 146.42M | 145.81M | 144.00M | 145.00M | |
| Total Common Shares Outstanding | 144.00M | 149.00M | 145.78M | 144.00M | 145.00M | |
| Working Capital | 9.40B | 7.20B | 3.66B | 1.43B | 1.23B | 1.98B |
| Book Value Per Share | 125.93 | 105.61 | 63.22 | 76.96 | ||
| Tangible Book Value | 13.14B | 10.74B | 4.22B | 3.88B | 4.23B | 4.96B |
| Tangible Book Value Per Share | 91.24 | 72.09 | 28.93 | 26.91 | ||
| Land | 9.00M | 9.00M | 10.00M | 10.00M | 35.00M | 35.00M |
| Buildings | 404.00M | 397.00M | 390.00M | 397.00M | 479.00M | 462.00M |
| Machinery | 1.80B | 1.76B | 1.67B | 2.48B | 2.42B | 2.25B |
| Construction In Progress | 53.00M | 46.00M | 51.00M | 108.00M | 86.00M | 117.00M |
Cash flow statement
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 19.42B | 11.43B | -1.64B | -672.00M | -2.14B | 1.06B |
| Depreciation & Amortization | 156.00M | 149.00M | 163.00M | 224.00M | 448.00M | 525.00M |
| Other Amortization | 6.00M | 7.00M | 3.00M | |||
| Loss (Gain) From Sale of Assets | 5.00M | 15.00M | -35.00M | -60.00M | -6.00M | |
| Asset Writedown & Restructuring Costs | 1.83B | 672.00M | ||||
| Loss (Gain) From Sale of Investments | -1.32B | -808.00M | 2.00M | -1.00M | -3.00M | 6.00M |
| Loss (Gain) on Equity Investments | 151.00M | 160.00M | 73.00M | 49.00M | -45.00M | -51.00M |
| Stock-Based Compensation | 270.00M | 232.00M | 182.00M | 149.00M | 165.00M | 171.00M |
| Other Operating Activities | 242.00M | 271.00M | -113.00M | 88.00M | -4.00M | 42.00M |
| Change in Accounts Receivable | -5.39B | -3.64B | -100.00M | -395.00M | 750.00M | -165.00M |
| Change in Inventory | -1.11B | -619.00M | -160.00M | 314.00M | -277.00M | -56.00M |
| Change in Accounts Payable | 339.00M | 169.00M | 70.00M | 53.00M | -147.00M | -39.00M |
| Change in Unearned Revenue | 1.51B | 1.22B | -11.00M | 17.00M | ||
| Change in Income Taxes | 1.81B | 1.37B | ||||
| Change in Other Net Operating Assets | 1.46B | 1.72B | -179.00M | -75.00M | -129.00M | -340.00M |
| Operating Cash Flow | 17.55B | 11.67B | 84.00M | -309.00M | -713.00M | 1.15B |
| Capital Expenditures | -181.00M | -177.00M | -204.00M | -166.00M | -219.00M | -410.00M |
| Sale of Property, Plant & Equipment | 137.00M | 1.00M | ||||
| Divestitures | 34.00M | 25.00M | 401.00M | 25.00M | ||
| Investment in Securities | -1.03B | -959.00M | 177.00M | 16.00M | 3.00M | |
| Other Investing Activities | -433.00M | -275.00M | 182.00M | 239.00M | 14.00M | -91.00M |
| Investing Cash Flow | -1.61B | -1.39B | 556.00M | 210.00M | -189.00M | -472.00M |
| Short-Term Debt Issued | 550.00M | 54.00M | 199.00M | |||
| Long-Term Debt Issued | 1.97B | |||||
| Total Debt Issued | 2.52B | 54.00M | 199.00M | |||
| Short-Term Debt Repaid | -76.00M | -102.00M | -86.00M | |||
| Long-Term Debt Repaid | -1.90B | -100.00M | ||||
| Total Debt Repaid | -1.40B | -1.90B | -176.00M | -102.00M | -86.00M | |
| Net Debt Issued (Repaid) | -1.40B | -1.90B | 2.34B | -102.00M | -32.00M | 199.00M |
| Issuance of Common Stock | 53.00M | 53.00M | 5.00M | |||
| Repurchase of Common Stock | -10.89B | -5.15B | -13.00M | |||
| Other Financing Activities | -1.82B | 238.00M | 892.00M | -849.00M | ||
| Financing Cash Flow | -12.24B | -7.00B | 518.00M | 136.00M | 860.00M | -650.00M |
| Foreign Exchange Rate Adjustments | -2.00M | -3.00M | -5.00M | -1.00M | -1.00M | -2.00M |
| Net Cash Flow | 3.69B | 3.28B | 1.15B | 36.00M | -43.00M | 27.00M |
| Free Cash Flow | 17.36B | 11.49B | -120.00M | -475.00M | -932.00M | 741.00M |
| Free Cash Flow Margin | 59.94% | 56.77% | -1.63% | -7.13% | -15.31% | 7.60% |
| Free Cash Flow Per Share | 111.14 | 74.16 | -0.83 | -3.28 | -6.43 | |
| Levered Free Cash Flow | 11.24B | 7.72B | 119.50M | -151.50M | 290.25M | |
| Unlevered Free Cash Flow | 11.26B | 7.76B | 155.88M | -126.50M | 309.62M | |
| Cash Interest Paid | 70.00M | 116.00M | 139.00M | 12.00M | 7.00M | 2.00M |
| Cash Income Tax Paid | 972.00M | 146.00M | 50.00M | |||
| Change in Working Capital | -1.39B | 212.00M | -380.00M | -86.00M | 197.00M | -600.00M |
Ratios
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 163.76B | 258.42B | 6.85B | |||
| Enterprise Value | 156.47B | 254.89B | 7.51B | |||
| Last Close Price | 1,150.89 | 1,745.00 | 47.15 | |||
| PE Ratio | 9.26 | 22.60 | ||||
| Forward PE | 4.70 | 9.91 | 14.43 | |||
| PS Ratio | 5.65 | 12.76 | 0.93 | |||
| PB Ratio | 9.14 | 16.42 | 0.74 | |||
| P/TBV Ratio | 12.46 | 24.06 | 1.62 | |||
| P/FCF Ratio | 9.43 | 22.48 | ||||
| P/OCF Ratio | 9.33 | 22.14 | 81.56 | |||
| PEG Ratio | 0.12 | 0.03 | ||||
| EV/Sales Ratio | 5.40 | 12.59 | 1.02 | |||
| EV/EBITDA Ratio | 7.38 | 20.20 | 11.21 | |||
| EV/EBIT Ratio | 7.43 | 20.44 | 14.81 | |||
| EV/FCF Ratio | 9.01 | 22.18 | ||||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.22 | 0.09 | 0.09 | 0.07 |
| Debt / EBITDA Ratio | 0.01 | 0.02 | 2.92 | 0.55 | ||
| Debt / FCF Ratio | 0.01 | 0.02 | 1.28 | |||
| Net Debt / Equity Ratio | -0.40 | -0.40 | 0.06 | 0.06 | 0.06 | 0.05 |
| Net Debt / EBITDA Ratio | -0.34 | -0.50 | 0.88 | -3.04 | -0.86 | 0.35 |
| Net Debt / FCF Ratio | -0.42 | -0.55 | -4.89 | -1.41 | -0.78 | 0.83 |
| Asset Turnover | 1.50 | 1.14 | 0.56 | 0.49 | 0.41 | |
| Inventory Turnover | 2.36 | 2.42 | 2.55 | 2.65 | 2.65 | |
| Quick Ratio | 1.99 | 1.71 | 1.86 | 0.60 | 0.38 | 0.65 |
| Current Ratio | 2.58 | 2.29 | 3.56 | 1.67 | 1.56 | 1.79 |
| Return on Equity (ROE) | 141.17% | 91.64% | -16.17% | -5.97% | -17.55% | |
| Return on Assets (ROA) | 68.29% | 43.91% | 2.39% | -2.03% | -5.47% | |
| Return on Invested Capital (ROIC) | 151.51% | 104.40% | 4.71% | -3.71% | -10.05% | 12.00% |
| Return on Capital Employed (ROCE) | 106.10% | 73.70% | 4.40% | -3.90% | -11.10% | 9.20% |
| Earnings Yield | 10.80% | 4.42% | -23.95% | |||
| FCF Yield | 10.60% | 4.45% | -1.75% | |||
| Buyback Yield / Dilution | -7.57% | -6.90% |