SNDKSandisk

Technology · Computer Storage · Nasdaq

Prior to February 21, 2025, we were wholly owned by Western Digital Corporation (“WDC”). 10-K, Item 1

Headquarters: Milpitas, CA
CEO: David Goeckeler
Next results: around Jan 28, 2027

The biggest changes in the 10-K filed 2026-08-17, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+13794.0% Big change FY to 2026-07-03 vs 2025-06-27

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Operating margin

-18.7% → 61.2% (+79.9 pts) Big change FY to 2026-07-03 vs 2025-06-27

“Selling, general and administrative expenses increased $103 million in 2026 compared to 2025, primarily due to a $68 million increase in compensation and benefits due to variable compensation associated with company performance and increased headcount, partially offset by a $51 million decrease in materials due to a change in business practice for the launch of new products whereby the Company is distributing fewer free samples and has started entering into contracts to sell certain qualification units to customers.”
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Gross margin

30.1% → 71.5% (+41.4 pts) Big change FY to 2026-07-03 vs 2025-06-27

“Gross profit increased $12,260 million in 2026 compared to 2025, primarily due to higher sales and higher pricing in 2026 compared to 2025 as described above.”
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“Gross profit margin increased 4,100 basis points in 2026 compared to 2025 primarily due to higher sales and higher pricing.”
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Revenue

+175.3% Big change FY to 2026-07-03 vs 2025-06-27

“Net revenue increased 175%, or $12,893 million, in 2026 compared to 2025, due to a 437% increase in Datacenter revenue, a 195% increase in Edge revenue, and a 29% increase in Consumer revenue.”
Read it in the 10-K ↗

“Datacenter revenue increased 437%, or $4,193 million, in 2026 compared to 2025, primarily due to higher sales and higher pricing.”
Read it in the 10-K ↗

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

Work on SNDK in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/SNDK/export.csv") into a cell.