Sandisk reported fiscal third quarter 2026 revenue of $5.95 billion, a 97% increase sequentially, with Non-GAAP EPS of $23.41. The results were driven by a significant mix shift towards higher-value end markets and improved pricing.
Key Highlights
- Datacenter revenue grew 233% sequentially to $1.47 billion, now representing a significantly larger portion of the business mix.
- Total revenue surged 97% quarter-over-quarter and 251% year-over-year, coming in above the company's prior guidance range.
- The company announced a new $6 billion share repurchase program, to be funded by operating cash flows.