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Sandisk vs NetApp: SNDK and NTAP compared
Sandisk is the larger company: $11.0B of revenue in its latest quarter (Q1 FY27) against $1.8B for NetApp (Q1 FY27). Sandisk is growing faster (+378% against +30% a year earlier). Sandisk is more profitable, with an operating margin of 79.6% against 26.6%.
Where the money goes: SNDK and NTAP
Sandisk (SNDK) · Q1 FY27
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.
NetApp (NTAP) · Q1 FY27
NetApp, Q1 FY27: revenue $1.8B (+30% year over year), operating margin 26.6%, net earnings $375M, operating cash flow $503M. The chart follows the revenue to costs, profit and cash.
| Sandisk (SNDK) | NetApp (NTAP) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q1 FY27 |
| Revenue | $11.0B | $1.8B |
| Revenue growth, Y/Y | +378% | +30% |
| Gross margin | 85.0% | 78.0% |
| Operating margin | 79.6% | 26.6% |
| Net earnings | $8.1B | $375M |
| Net margin | 73.4% | 20.6% |
| Operating cash flow | $6.4B | $503M |
| Free cash flow | $6.3B | $401M |
| Market value | $124.2B | $34.5B |
| P/E | 6.4× | 24.3× |
| Analysts’ mean target | $2047.38 | $211.69 |
Where the revenue comes from
Sandisk
- Edge: $5.8B (53%)
- Datacenter: $4.8B (44%)
- Consumer: $397M (4%)
NetApp
- All-Flash Revenues: $1.3B (72%)
- Hybrid-Flash and Other Revenues: $510M (28%)
Questions
Which is bigger, Sandisk or NetApp?
Sandisk is the larger company: $11.0B of revenue in its latest quarter (Q1 FY27) against $1.8B for NetApp (Q1 FY27).
Is Sandisk or NetApp growing faster?
Sandisk is growing faster (+378% against +30% a year earlier).
Which is more profitable, Sandisk or NetApp?
Sandisk is more profitable, with an operating margin of 79.6% against 26.6%.
More: Sandisk earnings · how Sandisk makes money · NetApp earnings · how NetApp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.