The company released fiscal Q4 results today.
Q4 revenue hit $8.97 billion, up 51 percent from last quarter.
That is up 372 percent from the same quarter last year.
GAAP EPS came in at $43.97.
Non-GAAP EPS was $39.25.
Gross margin reached 84.6 percent.
Operating income hit $7.04 billion.
Datacenter revenue jumped to $2.98 billion, up 103 percent sequentially.
Full year revenue was $20.25 billion, up 175 percent.
Board added $14 billion more to the buyback.
Next quarter guidance is $10.3 billion to $10.8 billion revenue.
Sandisk Reports Fiscal Fourth Quarter 2026 Financial Results
https://www.sandisk.com/company/newsroom/press-releases/2026/2026-08-05-sandisk-reports-fiscal-fourth-quarter-2026-financial-results
Investor page earnings presentation
https://investor.sandisk.com/events/event-details/sandisk-fourth-quarter-fiscal-2026-earnings-call
QoQ is weak, can’t make money if you can’t produce product. Can’t keep raising prices without creating competition and destroying demand. The memory glut in 18 months is going to be historic. It’s priced in whether you like it or not.
h/t PResidentFlExpert