Filing Flows › Sandisk (SNDK) › Guidance history
Sandisk (SNDK) guidance history: what it guided and what it reported
Sandisk gave guidance in 7 earnings releases on file since May 7, 2025. Of 14 guided periods since reported, it met or beat its own guidance 13 times (93%). Revenue: 5 of 5, on average +13.9% against the guided midpoint.
Revenue
Met or beat 5 of 5 periods (5 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | $12.2B–$12.6B (Oct 29, 2026) | — | to be reported | — |
| Q1 FY27 | $10.3B–$10.8B (Aug 5, 2026) | $11.0B | above the range | +4.6% |
| Q4 FY26 | $7.8B–$8.2B (Apr 30, 2026) | $9.0B | above the range | +12.1% |
| Q3 FY26 | $4.4B–$4.8B (Jan 29, 2026) | $6.0B | above the range | +29.4% |
| Q2 FY26 | $2.5B–$2.6B (Nov 6, 2025) | $3.0B | above the range | +16.4% |
| Q1 FY26 | $2.1B–$2.2B (Aug 14, 2025) | $2.3B | above the range | +7.3% |
Adjusted revenue
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | $10.3B–$10.8B (Aug 5, 2026) | — | — | — |
| Q4 FY26 | $7.8B–$8.2B (Apr 30, 2026) | — | — | — |
| Q3 FY26 | $4.4B–$4.8B (Jan 29, 2026) | — | — | — |
| Q2 FY26 | $2.5B–$2.6B (Nov 6, 2025) | — | — | — |
GAAP gross margin
Met or beat 5 of 5 periods (5 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | 83.0%–84.9% (Aug 5, 2026) | 85.0% | above the range | +1.1 pts |
| Q4 FY26 | 78.9%–80.9% (Apr 30, 2026) | 84.6% | above the range | +4.7 pts |
| Q3 FY26 | 64.9%–66.9% (Jan 29, 2026) | 78.4% | above the range | +12.4 pts |
| Q2 FY26 | 40.8%–42.8% (Nov 6, 2025) | 50.9% | above the range | +9.1 pts |
| Q1 FY26 | 28.3%–29.2% (Aug 14, 2025) | 29.8% | above the range | +1.0 pts |
Gross margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | 84.4%–85.4% (Oct 29, 2026) | — | to be reported | — |
| Q4 FY25 | 25.3%–26.7% (May 7, 2025) | — | — | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | 83.0%–85.0% (Aug 5, 2026) | — | — | — |
| Q4 FY26 | 79.0%–81.0% (Apr 30, 2026) | — | — | — |
| Q3 FY26 | 65.0%–67.0% (Jan 29, 2026) | — | — | — |
| Q2 FY26 | 41.0%–43.0% (Nov 6, 2025) | — | — | — |
| Q1 FY26 | 28.5%–29.5% (Aug 14, 2025) | — | — | — |
GAAP operating expenses
Met or beat 3 of 4 periods (1 above, 2 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | $574M–$614M (Aug 5, 2026) | $598M | within the range | +0.7% |
| Q4 FY26 | $523M–$558M (Apr 30, 2026) | $545M | within the range | +0.8% |
| Q3 FY26 | $496M–$532M (Jan 29, 2026) | $551M | above the range | +7.2% |
| Q2 FY26 | $497M–$538M (Nov 6, 2025) | $476M | below the range | -8.0% |
The latest quarter
Sandisk, Q1 FY27: revenue $11.0B (+378% year over year), operating margin 79.6%, net earnings $8.1B, operating cash flow $6.4B. The chart follows the revenue to costs, profit and cash.
Questions
Does Sandisk beat its guidance?
Sandisk gave guidance in 7 earnings releases on file since May 7, 2025. Of 14 guided periods since reported, it met or beat its own guidance 13 times (93%). Revenue: 5 of 5, on average +13.9% against the guided midpoint.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.