Q1 26 EPS
$1.22
BEAT +37.08%
Est. $0.89
Q1 26 Revenue
$2.31B
vs S&P Since Q1 26
+424.7%
BEATING MARKET
SNDK +432.1% vs S&P +7.4%
Market Reaction
Did SNDK Beat Earnings? Q1 2026 Results
SanDisk delivered a standout first quarter as a standalone public company, reporting non-GAAP diluted EPS of $1.22 against a consensus estimate of $0.89, a beat of 37.08%, while revenue of $2.31 billion grew 22.6% year-over-year, ahead of the company… Read more SanDisk delivered a standout first quarter as a standalone public company, reporting non-GAAP diluted EPS of $1.22 against a consensus estimate of $0.89, a beat of 37.08%, while revenue of $2.31 billion grew 22.6% year-over-year, ahead of the company's own guidance range. The results marked a decisive early chapter for SanDisk following its February 2025 separation from Western Digital, with broad-based demand fueling 30% year-over-year growth in the Edge segment and 27% growth in Consumer. The quarter's most compelling subplot was a dramatic swing in cash generation: operating cash flow reached $488 million, enabling the company to repay $500 million in debt and achieve a net cash positive position ahead of schedule. Shares jumped in after-hours trading on the print. Looking ahead, SanDisk guided Q2 revenue of $2.55 billion to $2.65 billion, with non-GAAP EPS of $3.00 to $3.40, as BiCS8 technology cost benefits and favorable pricing dynamics are expected to expand GAAP gross margins sharply to the 40.8%–42.8% range.
Key Takeaways
- • 21% sequential revenue growth across all end markets
- • Datacenter revenue up 26% sequentially with hyperscaler qualifications progressing
- • Edge revenue up 30% year-over-year and 26% sequentially, the largest segment contributor
- • Consumer revenue up 27% year-over-year driven by retail flash demand
- • Achieved net cash positive milestone ahead of plan
- • Operating cash flow improved to $488 million from negative $131 million year-over-year
SNDK YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
SNDK Revenue by Segment
With YoY comparisons, source: SEC Filings
“Customers are turning to Sandisk for our leading technology and products, which are exceptionally well positioned at a time when demand is strengthening.”
— David Goeckeler, Q1 2026 Earnings Press Release
SNDK Earnings Trends
SNDK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SNDK EPS Trend
Earnings per share: estimate vs actual
SNDK Revenue Trend
Quarterly revenue: estimate vs actual
SNDK Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $23.41 | — | $5.95B | +25.68% |
| Q2 26 BEAT | $3.54 | $6.20 | +74.97% | $3.03B | +12.54% |
| Q1 26 BEAT | $0.89 | $1.22 | +37.08% | $2.31B | — |
| Q4 25 BEAT FY | $0.03 | $0.29 | +866.67% | $1.90B | — |
| FY Full Year | $2.19 | $2.99 | +36.37% | $7.36B | +4.05% |
| Q3 25 BEAT | $-0.39 | $-0.30 | +23.72% | $1.70B | +3.99% |