Filing Flows › Sandisk (SNDK) › Q2 FY26
Sandisk (SNDK) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 30, 2026
Sandisk (SNDK) reported revenue of $3.0B for the second quarter fiscal 2026 (Q2 FY26), +61% from a year earlier and +31% from the quarter before. Operating margin was 35.2%, net earnings $803M (26.5% of revenue).
Sandisk, Q2 FY26: revenue $3.0B (+61% year over year), operating margin 35.2%, net earnings $803M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +31% | +61% |
| Gross profit | $1.5B | +124% | +154% |
| Operating profit | $1.1B | +505% | +446% |
| Net earnings | $803M | +617% | +672% |
| Operating cash flow | $1.0B | +109% | +973% |
| Free cash flow | $980M | +124% | 21× |
What changed
Revenue was $3.0B in Q2 FY26, up 61% year over year and up 31% from the previous quarter. Edge was the largest line at 55% of revenue. Edge added $0.65B year over year (up 63%), 57% of the total change.
Gross margin was 50.9%, up 18.6 points from Q2 FY25. Operating profit was $1.1B, a 35.2% margin (up 24.8 points year over year). Of the extra revenue versus Q2 FY25, 76% reached operating profit, above the 10% margin then. Operating expenses grew 16% against revenue growth of 61%. Net earnings were $0.80B, up 672% year over year. The effective tax rate was 14.3%.
Operating cash flow was $1.0B (up 973% year over year), 127% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.04B left free cash flow of $1.0B.
Questions
What was Sandisk's revenue in the second quarter fiscal 2026?
Sandisk (SNDK) reported revenue of $3.0B for the second quarter fiscal 2026 (Q2 FY26), +61% from a year earlier and +31% from the quarter before.
Was Sandisk profitable in the second quarter fiscal 2026?
Operating profit was $1.1B (35.2% of revenue) and net earnings $803M.
Source: Sandisk 10-Q on SEC EDGAR.