4 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $20.2B | $11.4B | 71.5% | 61.2% | 72.7% | 50.8% | $11.5B | $0 | $4.8B |
| 2025 | $7.4B | -$1.6B | 30.1% | -18.7% | -17.8% | -12.6% | -$120M | $1.8B | $1.5B |
| 2024 | $6.7B | -$672M | 16.1% | -7.0% | -6.1% | -5.0% | -$475M | $0 | $328M |
| 2023 | $6.1B | -$2.1B | 7.1% | -33.4% | -18.7% | — | -$932M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jul '26 | $9.0B | $6.9B | 84.6% | 78.5% | 43.9% | 30.7% | $7.1B | $0 | $4.8B |
| Apr '26 | $6.0B | $3.6B | 78.4% | 69.1% | 26.2% | 21.2% | $3.0B | $0 | $3.7B |
| Jan '26 | $3.0B | $803M | 50.9% | 35.2% | 7.9% | 6.2% | $980M | $603M | $1.5B |
| Oct '25 | $2.3B | $112M | 29.8% | 7.6% | 1.2% | 0.9% | $438M | $1.4B | $1.4B |
| Jun '25 | $1.9B | -$23M | 26.2% | 0.9% | -0.2% | -0.2% | $49M | $1.8B | $1.5B |
| Mar '25 | $1.7B | -$1.9B | 22.5% | -111.0% | -21.1% | -14.9% | -$18M | $1.9B | $1.5B |
| Dec '24 | $1.9B | $104M | 32.3% | 10.4% | 0.9% | 0.7% | $47M | — | $804M |
| Sep '24 | $1.9B | $211M | 38.6% | 15.5% | 1.7% | — | -$198M | — | — |
| Jun '24 | $1.8B | $120M | 36.1% | 11.3% | 1.1% | 0.9% | -$168M | $0 | $328M |
| Mar '24 | $1.7B | $27M | 27.2% | 3.8% | 0.2% | — | -$41M | — | — |
| Dec '23 | $1.7B | -$301M | 9.7% | -14.7% | -2.8% | — | — | — | — |
| Sep '23 | — | -$518M | — | — | -4.7% | — | — | — | — |
How the market has priced SNDK against its own fundamentals since 2025-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 3 years, Sandisk's revenue has grown 49.3% per year. These are computed facts, not advice.
As of FY2026, Sandisk reported $0 of total debt against $4.8B of cash; operating income covered interest expense 170×.
In FY2026, gross margin was 71.5%, operating margin 61.2%, and net margin 56.5%.
As of Sep '26, Sandisk traded at a price-to-earnings ratio of about 19.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.