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How Sandisk (SNDK) makes money

Sandisk (SNDK) made $11.0B of revenue in the first quarter fiscal 2027 (Q1 FY27), +378% from a year earlier. Edge brought in $5.8B (53%); Datacenter brought in $4.8B (44%); Consumer brought in $397M (4%). Of every dollar of revenue, 85¢ was left as gross profit, 80¢ was left as operating profit, 73¢ was left as net earnings.

Drawing the Sankey…

Sandisk revenue by segment, Q1 FY27Sandisk revenue by segment, Q1 FY27Edge$5.8BDatacenter$4.8BConsumer$397M
Sandisk: revenue by line, Q1 FY26 to Q1 FY27Sandisk: revenue by line, Q1 FY26 to Q1 FY27EdgeDatacenterConsumerEdge: $5.8B latest$5.8BDatacenter: $4.8B latest$4.8BConsumer: $397M latestQ1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Datacenter went from 12% of revenue in Q1 FY26 to 44% in Q1 FY27, the largest shift in the mix.
Sandisk revenue by quarterSandisk revenue by quarter$1.9BQ2 FY25$1.7BQ3 FY25$2.3BQ1 FY26$3.0BQ2 FY26$6.0BQ3 FY26$9.0BQ4 FY26$11.0BQ1 FY27
Sandisk: where each dollar of revenue goesSandisk: where each dollar of revenue goesCost of revenue15¢Gross profit85¢Operating expenses5¢Operating profit80¢Income tax11¢Net earnings73¢Operating cash flow58¢Free cash flow57¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Edge$5.8B52.9%+7%+320%
Datacenter$4.8B43.5%+61%18×
Consumer$397M3.6%-29%-39%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$11.0B100.0%
Cost of revenue$1.7B15.0%
Gross profit$9.4B85.0%
Operating expenses$598M5.4%
Operating profit$8.8B79.6%
Income tax$1.2B11.0%
Net earnings$8.1B73.4%
Operating cash flow$6.4B57.7%
Free cash flow$6.3B57.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$11.0B+378%
Q4 FY26$9.0B+372%
Q3 FY26$6.0B+251%
Q2 FY26$3.0B+61%
Q1 FY26$2.3B+23%
Q3 FY25$1.7B-0.6%
Q2 FY25$1.9B+13%

From Sandisk's 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does Sandisk make money?

Sandisk (SNDK) made $11.0B of revenue in the first quarter fiscal 2027 (Q1 FY27), +378% from a year earlier. Edge brought in $5.8B (53%); Datacenter brought in $4.8B (44%); Consumer brought in $397M (4%). Of every dollar of revenue, 85¢ was left as gross profit, 80¢ was left as operating profit, 73¢ was left as net earnings.

What is Sandisk's biggest business?

Edge: $5.8B in the first quarter fiscal 2027, 53% of revenue, +320% from a year earlier.

What is Sandisk's profit margin?

Net earnings were $8.1B, 73.4% of revenue, in the first quarter fiscal 2027; the operating margin was 79.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.