Filing Flows › Sandisk (SNDK) › Q4 FY26 › vs Q4 FY25
Sandisk (SNDK) Q4 FY26 vs Q4 FY25 (year over year)
Sandisk's revenue rose $7.1B (+372%) from $1.9B in Q4 FY25 to $9.0B in Q4 FY26. Gross margin 84.6% against 26.2% (+58.4 pts).
Sandisk, Q4 FY26: revenue $9.0B (+372% year over year), operating margin 78.5%, net earnings $6.9B, operating cash flow $7.1B. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 84.6% | 26.2% | +58.4 pts |
| Operating margin | 78.5% | 0.9% | +77.5 pts |
| Net margin | 77.0% | -1.2% | +78.2 pts |
| Free cash flow margin | 79.0% | 2.6% | +76.4 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $9.0B | $1.9B | $7.1B | +372% |
| Gross profit | $7.6B | $498M | $7.1B | 15× |
| Cost of revenue | $1.4B | $1.4B | −$20.0M | -1% |
| Other income, net | $812M | −$36.0M | $848M | — |
| Operating profit | $7.0B | $18.0M | $7.0B | 391× |
| Operating expenses | $545M | $480M | $65.0M | +14% |
| Pre-tax earnings | $7.8B | −$18.0M | $7.9B | — |
| Research & development | $348M | $285M | $63.0M | +22% |
| SG&A | $197M | $162M | $35.0M | +22% |
| Net earnings | $6.9B | −$23.0M | $6.9B | — |
| Income tax | $946M | $5.0M | $941M | 189× |
| Depreciation & amortization | $37.0M | $36.0M | $1.0M | +3% |
| Share-based compensation | $67.0M | $49.0M | $18.0M | +37% |
| Working capital & other | $119M | $32.0M | $87.0M | +272% |
| Operating cash flow | $7.1B | $94.0M | $7.0B | 76× |
| Free cash flow (company-reported) | $7.1B | $49.0M | $7.0B | 145× |
| Purchases of property, plant and equipment, net | $43.0M | $45.0M | −$2.0M | -4% |
Questions
How much did Sandisk's revenue grow year over year in Q4 FY26?
Sandisk's revenue rose $7.1B (+372%) from $1.9B in Q4 FY25 to $9.0B in Q4 FY26. Gross margin 84.6% against 26.2% (+58.4 pts).