Sandisk Q3 FY2026 Earnings: Data-Center Demand and Chip Prices Drive Sharp Revenue Jump

May 1, 2026 · Published August 7, 2026

Sandisk's revenue nearly doubled sequentially to $5.95 billion as data-center demand and rising memory-chip prices lifted sales and profit.

Figures as reported by the company to the SEC for the quarter ended April 3, 2026. Analyst estimates are not part of a filing, so no comparison to expectations is shown.

Key takeaways

• Revenue nearly doubled from the prior quarter, driven by strong demand for the company’s high-end flash memory chips used in data centers — sales to that segment alone jumped 233% — plus higher prices for its NAND flash memory products.
• Sandisk makes flash memory chips (NAND) and storage devices; a global supply crunch in memory chips has been pushing prices sharply higher industry-wide, which helped lift both sales and profitability this quarter.
• CEO David Goeckeler called it ‘a fundamental inflection point’ for the company, pointing to a shift toward higher-value customers, led by data centers, as the key driver of the results.
• The company said it is moving toward a new business model built on multi-year customer agreements with firm financial commitments, which it says should make future earnings more stable and predictable rather than swinging with short-term chip prices.
• Sandisk had signed three of these new multi-year agreements by the end of the quarter and added two more shortly after, in the following quarter.
• Profitability margins were unusually high over the past year — gross margin near 71% and net profit margin above 56% — reflecting how much memory-chip prices have risen relative to production costs during this industry upswing.
• Revenue over the past year roughly tripled compared with the year before, underscoring how sharply demand and pricing for flash memory have accelerated, particularly for data-center storage.
• For the current (fiscal fourth) quarter, Sandisk guided to revenue of $7.75 billion to $8.25 billion, well above the third-quarter level, along with expected non-GAAP earnings of $30.00 to $33.00 per share.

Q3 2026 in context

Figures for the quarter ended Apr 2026 and the quarter ended Mar 2025, as reported to the SEC.

How the stock took it

Sandisk Corp closed at $1096.51 on Apr 30, 2026, the last session before the report, and at $1255.86 on May 4, 2026, the first session after it — +14.5% across the report.

Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.

Financial history →

Sources: company report · earnings call