$SanDisk (SNDK.US)$ Revenue for Q3 of fiscal year 2026 reached USD 5.95 billion, marking a 97% increase quarter-over-quarter; adjusted (non-GAAP) earnings per share were USD 23.41, reflecting a 278% growth quarter-over-quarter.
In terms of revenue by segment,
Data center business generated revenue of $1.467 billion, marking a sequential increase of 233% and a year-on-year surge of 645%;
Edge computing business revenue reached $3.663 billion, reflecting a sequential growth of 118% and a year-on-year rise of 295%;
Consumer business revenue amounted to $820 million, showing a sequential decline of 10% but a year-on-year increase of 44%.
The company forecasts revenue for the fourth quarter to range between USD 7.75 billion and USD 8.25 billion, with expected non-GAAP diluted net earnings per share between USD 30 and USD 33.
The company stated that revenue exceeded expectations, primarily driven by a shift in customer structure towards higher-value sectors (with data center business growth of 233%) and increased product prices.
The company signed three new business model agreements at the end of the third fiscal quarter and two more in the fourth quarter.
SanDisk CEO David Goeckeler remarked, 'This quarter marks a fundamental turning point for SanDisk – our technological leadership is driving a strategic transformation towards the highest-value end markets, led by data centers. Additionally, we are advancing a new business model based on multi-year customer partnerships supported by clear financial commitments. This transformation is enabling the company to achieve structurally higher and more sustainable profitability.'
Mr. Goeckeler continued, 'With a zero-debt balance sheet, robust cash generation capabilities, and the recently authorized stock repurchase program, we are well-positioned to create significant long-term value for shareholders.'
Editor/Rocky