Sandisk Corporation (SNDK) income statement
NASDAQ · Technology · Computer Hardware · 11,100 employees · CEO David V. Goeckeler
- Price
- $1,150.89 -13.47%
- Market cap
- $166B
- Enterprise value
- $161B
- Last report
- Q1 '27 filed 2026-10-30
- Next report
- 2027-02-04 EPS est. $55.95
Sandisk Corporation (SNDK) reported revenue of $11B for Q1 '27 (+377.9% year on year), operating income of $8.78B (79.6% of revenue) and net income of $8.1B. Over the last four quarters revenue was $29B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.67B | $1.71B | $1.76B | $1.88B | $1.88B | $1.7B | $1.9B | $2.31B | $3.03B | $5.95B | $8.97B | $11B | |
| Cost of revenue | $1.5B | $1.24B | $1.12B | $1.16B | $1.27B | $1.31B | $1.4B | $1.62B | $1.48B | $1.29B | $1.38B | $1.65B | |
| Gross profit | $161M | $463M | $636M | $726M | $606M | $382M | $498M | $687M | $1.54B | $4.66B | $7.58B | $9.38B | |
| Research & development | $246M | $277M | $298M | $283M | $279M | $285M | $285M | $316M | $327M | $337M | $348M | $384M | |
| Sales & marketing | $113M | $0 | $31M | $0 | $142M | $0 | $29M | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $0 | $0 | $86M | $0 | $0 | $0 | $133M | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $47M | $14M | $22M | $0 | -$10M | $0 | $33M | $0 | $0 | $53M | $0 | $0 | |
| Operating expenses | $406M | $398M | $437M | $413M | $411M | $424M | $480M | $495M | $466M | $551M | $545M | $598M | |
| Operating income | -$245M | $65M | $199M | $313M | $195M | -$42M | $18M | $192M | $1.08B | $4.11B | $7.04B | $8.78B | |
| Interest income | $3M | $3M | $3M | $3M | $2M | $6M | $11M | $16M | $12M | $12M | $30M | $51M | |
| Interest expense | $11M | $9M | $9M | $2M | $4M | $16M | $41M | $40M | $25M | $18M | $2M | $2M | |
| Other non-operating income (gains on investments, FX ...) | -$47M | $2M | -$7M | $44M | $18M | $1.84B | -$5M | $28M | $113M | -$14M | -$814M | $0 | |
| Total non-operating income | -$15M | -$11M | -$2M | -$46M | -$22M | -$1.86B | -$36M | -$68M | -$138M | -$4M | $812M | $539M | |
| Income before tax | -$260M | $54M | $197M | $267M | $173M | -$1.9B | -$18M | $124M | $937M | $4.11B | $7.85B | $9.32B | |
| Income tax | $41M | $27M | $77M | $56M | $69M | $32M | $5M | $12M | $134M | $492M | $946M | $1.22B | |
| Net income | -$301M | $27M | $120M | $211M | $104M | -$1.93B | -$23M | $112M | $803M | $3.62B | $6.9B | $8.1B | |
| EPS (basic) | -$2.08 | $0.19 | $0.83 | $1.46 | $0.72 | -$13.33 | -$0.16 | $0.76 | $5.46 | $24.43 | $47.13 | $55.49 | |
| EPS (diluted) | -$2.08 | $0.19 | $0.83 | $1.46 | $0.72 | -$13.33 | -$0.16 | $0.75 | $5.15 | $23.03 | $44.83 | $52.60 | |
| Shares (basic, weighted) | 144M | 145M | 145M | 145M | 144M | 145M | 145M | 147M | 147M | 148M | 147M | 146M | |
| Shares (diluted, weighted) | 144M | 145M | 145M | 145M | 144M | 145M | 145M | 149M | 156M | 157M | 155M | 154M | |
| Depreciation & amortization | $57M | $56M | $54M | $54M | $36M | $37M | $36M | $36M | $38M | $38M | $37M | $43M | |
| EBITDA | -$141M | $119M | $260M | $323M | $213M | -$1.85B | $59M | $200M | $1B | $4.16B | $7.89B | $8.78B |
| Income statement | Trend | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | $9.75B | $6.09B | $6.66B | $7.36B | $20.2B | |
| Cost of revenue | $6.51B | $5.66B | $5.59B | $5.14B | $5.78B | |
| Gross profit | $3.24B | $430M | $1.07B | $2.21B | $14.5B | |
| Research & development | $1.36B | $1.17B | $1.06B | $1.13B | $1.33B | |
| Sales & marketing | $47M | $35M | $31M | $29M | $0 | |
| General & administrative | $619M | $523M | $424M | $544M | $0 | |
| Other operating expenses | $16M | $740M | $24M | $1.88B | $79M | |
| Operating expenses | $2.04B | $2.47B | $1.54B | $3.59B | $2.08B | |
| Operating income | $1.2B | -$2.04B | -$468M | -$1.38B | $12.4B | |
| Interest income | $0 | $21M | $12M | $22M | $70M | |
| Interest expense | $9M | $31M | $40M | $63M | $73M | |
| Other non-operating income (gains on investments, FX ...) | -$16M | -$64M | -$5M | $39M | -$701M | |
| Total non-operating income | $34M | $33M | -$35M | -$102M | $628M | |
| Income before tax | $1.23B | -$2B | -$503M | -$1.48B | $13B | |
| Income tax | $170M | $141M | $169M | $162M | $1.58B | |
| Net income | $1.06B | -$2.14B | -$672M | -$1.64B | $11.4B | |
| EPS (basic) | $7.39 | -$14.88 | -$4.67 | -$11.32 | $77.78 | |
| EPS (diluted) | $7.39 | -$14.88 | -$4.67 | -$11.32 | $73.76 | |
| Shares (basic, weighted) | 144M | 144M | 144M | 145M | 147M | |
| Shares (diluted, weighted) | 144M | 144M | 144M | 145M | 155M | |
| Depreciation & amortization | $525M | $448M | $224M | $163M | $149M | |
| EBITDA | $1.74B | -$1.52B | -$239M | -$1.25B | $13.2B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-10-02, 10-K 2026-07-03, 10-Q 2026-04-03, 10-Q 2026-01-02, 10-Q 2025-10-03, 10-K 2025-06-27, 10-Q 2025-03-28, 10-Q 2024-12-27
Data as of 2026-11-01