Company facts
- Industry
- Computer Storage Devices
- Headquarters
- Milpitas, California
- Most recent report
- 10-Q, filed Oct 30, 2026
- Incorporated
- Delaware
- Filings on record
- 254 filings
- On EDGAR
- CIK 2023554
- Fiscal year ends
- June
- Filer status
- Large accelerated filer
Financials 8 of 9
News 8 of 17
Prospectuses and Registrations 7
- S-3ASR Automatic shelf registration Feb 17, 2026
- 424B4 Final prospectus for an offering Jun 6, 2025
- S-1/A Registration statement for an offering, amended Jun 4, 2025
- S-1/A Registration statement for an offering, amended May 30, 2025
- S-1/A Registration statement for an offering, amended May 2, 2025
- S-1 Registration statement for an offering Apr 18, 2025
- S-8 Registration statement for an employee plan Feb 21, 2025
Proxies 5
Ownership 8 of 179
- SCHEDULE 13G/A Large holder reported a passive stake, amended Nov 6, 2026
- 4 Insider reported a trade Nov 3, 2026
- SCHEDULE 13G/A Large holder reported a passive stake, amended Oct 27, 2026
- 4 Insider reported a trade Oct 22, 2026
- 4 Insider reported a trade Oct 2, 2026
- 4 Insider reported a trade Sep 21, 2026
- 4 Insider reported a trade Sep 21, 2026
- 4 Insider reported a trade Sep 21, 2026
Other 8 of 37
- ARS Annual report sent to shareholders Oct 6, 2026
- SD Conflict minerals disclosure May 22, 2026
- UPLOAD Comment letter from SEC staff Apr 23, 2026
- CORRESP Reply to SEC staff Apr 21, 2026
- CORRESP Reply to SEC staff Apr 15, 2026
- UPLOAD Comment letter from SEC staff Apr 2, 2026
- CORRESP Reply to SEC staff Mar 16, 2026
- UPLOAD Comment letter from SEC staff Mar 3, 2026
What to read: Oct 2026 10-Q
SECSift found 4 of 11 sections worth reading, with 5 positive, 5 notable, and 3 negative flags.
Financial Statements (Item 1)
Post-spin-off first standalone Q; revenue surged 378% to $11B; $5B buyback; massive NBM backlog.NotableManagement's Discussion (Item 2)
Massive revenue surge, new business model, $5B buyback, and debt paydown all in one quarter.Positive- Paid off $2.0B term loan in full on March 4, 2026, using cash on hand, eliminating all term debt.
- Revenue surged 378% to $11.0B in Q1 FY2027, with Datacenter up 1,685% and Edge up 320%.
- Gross margin hit 85.0% in Q1 FY2027, up from 29.8% a year ago, on higher pricing and mix.
- Repurchased $5.0B of stock in Q1 FY2027, with $10.5B remaining under $20B total authorization.
Market Risk (Item 3)
Large equity investment in Nanya ($2.3B) with quantified market risk; foreign currency loss doubled.Unregistered Sales and Repurchases (Item 2)
New $14B buyback authorization in Q3 2026; $10.5B remaining capacity is material.
What changed: Oct 2026 vs. Apr 2026
About 24% of SNDK's Oct 2026 10-Q is new information. 73 paragraphs were added, 151 changed, and 158 removed. Below are the most important lines SECSift identified.
New
- Added new Equity Prices section: $2.3 billion in Nanya securities, with a 10% drop causing a $229 million loss.
- New share repurchase table for quarter ended Oct 2, 2026: 3,150,369 shares bought, $12,627M remaining after first period.
- Added Exhibit 10.2: FY27 Form of Performance Stock Unit Award Agreement, a management contract or compensatory plan.
Changed
- Datacenter revenue rose to $4,802M from $1,467M; Edge to $5,832M from $3,663M; Consumer fell to $397M from $820M.
- Net revenue rose to $11,031M from $5,950M in the prior quarter, a 378% increase vs 251%.
- Cash and cash equivalents rose to $5,136 million from $3,735 million in the prior quarter.
- Hypothetical 10% adverse FX loss fell to $22 million at October 2, 2026 from $29 million at April 3, 2026.
- Retained earnings rose to $17,750 million from $2,746 million in the prior quarter.
- Treasury stock increased to $(9,581) million from $(4,537) million in the prior quarter.
- Gross margin rose to 85.0% from 78.4% in the prior quarter, up about 5,500 basis points year-over-year.
- Exhibit 10.1 changed from 'Agreement to Enhance Collaboration, dated as of January 29, 2026' to 'Amendment No. 1 dated as of September 9, 2026' with JPMorgan Chase Bank as administrative agent.
- Exhibits 32.1 and 32.2 changed from 'Filed with this report' to 'Furnished with this report'.
- Prior filing said management was not required to evaluate internal controls until the annual report for year ending July 3, 2026. Current filing says there were no changes in internal controls during the most recent fiscal quarter.
Removed
- Alper Ilkbahar's 10b5-1 Plan for up to 22,821 shares ending Dec 31, 2026 is gone.
- Bernard Shek's 10b5-1 Plan for up to 10,465 shares ending Jul 2, 2027 is gone.
- Exhibits 10.2 (FAL Second Commitment and Extension Agreement), 10.3 (FPL Second Commitment and Extension Agreement), and 10.4 (Private Placement Subscription Agreement) were removed.
- Prior filing had a paragraph explaining that disclosure controls provide only reasonable, not absolute, assurance. That paragraph is gone.
- Removed the entire risk factor about long-term agreements with customers, which was present in the prior filing.
Everything here comes from Sandisk Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Oct 30, 2026, from the 10-Q for Oct 2026.