Sandisk was spun off from Western Digital in 2025 and is once again an independent company. It develops and sells flash storage, such as SSDs for data centers and PCs, memory cards and USB drives. It manufactures the memory chips together with Kioxia in Japan. As of Oct 12, 2026
As of Oct 12, 2026Fact sheet (from the annual report)Data storage · Milpitas, USAfull fact sheet
According to the company, Sandisk is a maker of NAND-based semiconductor storage and is vertically integrated from chip design and manufacturing to system technology. Until February 2025 the company was a subsidiary of Western Digital and has since been independent. Its offering includes solid-state drives, embedded storage, removable cards, flash drives as well as wafers and components. The business is divided into the end markets Datacenter, Edge and Consumer. The company obtains its flash memory from joint ventures with Kioxia at sites in Japan.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: greenMargin: greenDebt: green
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Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Sandisk · Sector Technology · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Aug 17, 2026.
In short
Light green: Revenue grew over 3 years (+49.3% per year), at least as fast as the sector median.
Light green: Net margin 56.5%, above the sector median (12.5%).
Light green: Debt not higher than usual in the sector.
Light red: Profit in 1 of 4 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−10B010B20B30B
2023Fiscal year 2023 (Jul 2, 2022 – Jun 30, 2023): Revenue 6.1B USD · Net income −2.1B USD · Net margin −35.2%
2024Fiscal year 2024 (Jul 1, 2023 – Jun 28, 2024): Revenue 6.7B USD · Net income −672.0M USD · Net margin −10.1%
2025Fiscal year 2025 (Jun 29, 2024 – Jun 27, 2025): Revenue 7.4B USD · Net income −1.6B USD · Net margin −22.3%
2026Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Revenue 20.2B USD · Net income 11.4B USD · Net margin 56.5%
Margin
−35%−10%−22%56%
RevenueNet incomeNet margin (below)in USD
−5B05B10B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 29, 2023): Revenue not available · Net income −518.0M USD · Net margin not available
Q4/23Quarter Q4/23 (Sep 30, 2023 – Dec 29, 2023): Revenue 1.7B USD · Net income −301.0M USD · Net margin −18.1%
Q1/24Quarter Q1/24 (Dec 30, 2023 – Mar 29, 2024): Revenue 1.7B USD · Net income 27.0M USD · Net margin 1.6%
Q2/24Quarter Q2/24 (Mar 30, 2024 – Jun 28, 2024): Revenue 1.8B USD · Net income 120.0M USD · Net margin 6.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q3/24Quarter Q3/24 (Jun 29, 2024 – Sep 27, 2024): Revenue 1.9B USD · Net income 211.0M USD · Net margin 11.2%
Q4/24Quarter Q4/24 (Sep 28, 2024 – Dec 27, 2024): Revenue 1.9B USD · Net income 104.0M USD · Net margin 5.5%
Q1/25Quarter Q1/25 (Dec 28, 2024 – Mar 28, 2025): Revenue 1.7B USD · Net income −1.9B USD · Net margin −114.0%
Q2/25Quarter Q2/25 (Mar 29, 2025 – Jun 27, 2025): Revenue 1.9B USD · Net income −23.0M USD · Net margin −1.2% · Q4 derived (year minus 9 months), may be distorted by restatements
Q3/25Quarter Q3/25 (Jun 28, 2025 – Oct 3, 2025): Revenue 2.3B USD · Net income 112.0M USD · Net margin 4.9%
Q4/25Quarter Q4/25 (Oct 4, 2025 – Jan 2, 2026): Revenue 3.0B USD · Net income 803.0M USD · Net margin 26.5%
Q1/26Quarter Q1/26 (Jan 3, 2026 – Apr 3, 2026): Revenue 6.0B USD · Net income 3.6B USD · Net margin 60.8%
Q2/26Quarter Q2/26 (Apr 4, 2026 – Jul 3, 2026): Revenue 9.0B USD · Net income 6.9B USD · Net margin 77.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Margin
−18%2%7%11%6%−114%−1%5%27%61%77%
Earnings per shareUSD per share
−250255075
2023Fiscal year 2023 (Jul 2, 2022 – Jun 30, 2023): Earnings per share −14.78 USD
2024Fiscal year 2024 (Jul 1, 2023 – Jun 28, 2024): Earnings per share −4.63 USD
2025Fiscal year 2025 (Jun 29, 2024 – Jun 27, 2025): Earnings per share −11.32 USD
2026Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Earnings per share 73.76 USD
Earnings per shareUSD per share
−20−100102030
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 29, 2023): Earnings per share not available
Q4/23Quarter Q4/23 (Sep 30, 2023 – Dec 29, 2023): Earnings per share not available
Q1/24Quarter Q1/24 (Dec 30, 2023 – Mar 29, 2024): Earnings per share 0.19 USD
Q2/24Quarter Q2/24 (Mar 30, 2024 – Jun 28, 2024): Earnings per share not reported separately for Q4
Q2/26Quarter Q2/26 (Apr 4, 2026 – Jul 3, 2026): Earnings per share not reported separately for Q4
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Revenue 20.2B USD · Net income 11.4B USD · Net margin 56.5%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+49.3%per year, last 3 years
Sector Technology: median +10.0% (93 symbols)
What does this mean? Revenue: over 3 years it grew by 49.3% per year on average – at least as fast as the median company in the sector (+10.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light gray: not computable
–per year, last 3 years
Sector Technology: median +6.6% (63 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 56.46 USD remained as profit – at least as much as the median company in the sector (12.5%).
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light green: lower than sector
0.00latest balance sheet
Sector Technology: median 0.46 (65 symbols)
What does this mean? No financial debt reported – no more than the median company in the sector (0.46). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: none found
–Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 3 loss years
1 of 4fiscal years with a profit
What does this mean? In 1 of the last 4 fiscal years the bottom line showed a profit. 3 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
20.2B USD
Revenue vs. prior year
+175.3%
Net income (FY)
11.4B USD
Net income vs. prior year
–
EPS (FY)
73.76 USD
13F funds with a position
3 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
−78.3%
Fiscal year to Jul 3, 2026 · 10-K filed Aug 17, 2026 · Balance sheet Jul 3, 2026 (filed Aug 17, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2026
Jul 3, 2026
20.2B
11.4B
56.5%
73.76
–
–
2025
Jun 27, 2025
7.4B
−1.6B
−22.3%
−11.32
–
–
2024
Jun 28, 2024
6.7B
−672.0M
−10.1%
−4.63
–
–
2023
Jun 30, 2023
6.1B
−2.1B
−35.2%
−14.78
–
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26*
Jul 3, 2026
9.0B
6.9B
77.0%
–
–
–
Q1/26
Apr 3, 2026
6.0B
3.6B
60.8%
23.03
–
–
Q4/25
Jan 2, 2026
3.0B
803.0M
26.5%
5.15
–
–
Q3/25
Oct 3, 2025
2.3B
112.0M
4.9%
0.75
–
–
Q2/25*
Jun 27, 2025
1.9B
−23.0M
−1.2%
–
–
–
Q1/25
Mar 28, 2025
1.7B
−1.9B
−114.0%
−13.33
–
–
Q4/24
Dec 27, 2024
1.9B
104.0M
5.5%
0.72
–
–
Q3/24
Sep 27, 2024
1.9B
211.0M
11.2%
1.46
–
–
Q2/24*
Jun 28, 2024
1.8B
120.0M
6.8%
–
–
–
Q1/24
Mar 29, 2024
1.7B
27.0M
1.6%
0.19
–
–
Q4/23
Dec 29, 2023
1.7B
−301.0M
−18.1%
–
–
–
Q3/23
Sep 29, 2023
–
−518.0M
–
–
–
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +10
Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)-15
Highs and lows-10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)25.7
Rel. strength 60 d+0.3%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.