Filing Flows › Sandisk (SNDK) › Q3 FY26
Sandisk (SNDK) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 1, 2026
Sandisk (SNDK) reported revenue of $6.0B for the third quarter fiscal 2026 (Q3 FY26), +251% from a year earlier and +97% from the quarter before. Operating margin was 69.1%, net earnings $3.6B (60.8% of revenue).
Sandisk, Q3 FY26: revenue $6.0B (+251% year over year), operating margin 69.1%, net earnings $3.6B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | +97% | +251% |
| Gross profit | $4.7B | +203% | 12× |
| Operating profit | $4.1B | +286% | — |
| Net earnings | $3.6B | +350% | — |
| Operating cash flow | $3.0B | +198% | 117× |
| Free cash flow | $3.0B | +205% | — |
What changed
Revenue was $6.0B in Q3 FY26, up 251% year over year and up 97% from the previous quarter. Edge was the largest line at 62% of revenue. Edge added $2.7B year over year (up 295%), 64% of the total change.
Gross margin was 78.4%, up 55.8 points from Q3 FY25. Operating profit was $4.1B, a 69.1% margin (up 180.1 points year over year). Operating expenses fell 76% while revenue rose 251%. The fastest-growing cost line was Research & development (+18%). Net earnings were $3.6B. The effective tax rate was 12.0%.
Operating cash flow was $3.0B (up 11585% year over year), 84% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.67B. Capital expenditures of $0.04B left free cash flow of $3.0B.
Questions
What was Sandisk's revenue in the third quarter fiscal 2026?
Sandisk (SNDK) reported revenue of $6.0B for the third quarter fiscal 2026 (Q3 FY26), +251% from a year earlier and +97% from the quarter before.
Was Sandisk profitable in the third quarter fiscal 2026?
Operating profit was $4.1B (69.1% of revenue) and net earnings $3.6B.
Source: Sandisk 10-Q on SEC EDGAR.