Sandisk Corporation · SNDK · Next earnings

Sandisk Corporation reports Thursday, Nov 5, 2026

SNDK reports after market close with consensus EPS at $46.23 and revenue at $10.64B. Last quarter: Sandisk Q3 Revenue Jumps 251% YoY on AI Data-Center Surge; Q4 Guidance Raised

Reports After market close46 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $46.23 Calendar consensus
Consensus revenue $10.64B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session After market close 46 days away

Where SNDK left off: FY2026 Q3

Full report

Sandisk Q3 Revenue Jumps 251% YoY on AI Data-Center Surge; Q4 Guidance Raised

EPS surprise +60.1% Reported $23.41 vs $14.62
Revenue surprise +26.1% Reported $5.95B vs $4.72B
Stock move +8.3% Event window
Subsequent drift +48.4% Up to 20 sessions

Q2 management guided Q3 to $4.4-$4.8 billion in revenue and $12-$14 in non-GAAP EPS. Actual Q3 results came in at $5.95 billion and $23.41, beating the midpoint of revenue guidance by approximately 24% and EPS guidance by roughly 79%. For Q4, management raised guidance to $7.75-$8.25 billion in revenue (implying 30-38% sequential growth) and $30-$33 in non-GAAP EPS, a further step-up from already elevated Q3 levels. Capex outlook shifted from increasing to stable.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential pricing volatility and slower price acceleration in Q4.
  • Execution risk of scaling NBMs and meeting contractual volume commitments.
  • Dependence on AI and data-center demand trends for continued growth.
  • Supply-chain constraints and need for additional clean-room capacity for nodal transitions.
  • Competitive pressure in NAND and SSD markets.

Questions analysts left open

  • Whether Q4 pricing will remain aggressive or soften.
  • Proportion of bits under contract and potential to exceed 50% coverage.
  • Sustainability of margin expansion with mixed fixed/variable pricing.
  • Capex requirements for upcoming node transitions and clean-room expansion.
  • Details on major hyperscaler participation in NBMs.

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Recent SNDK quarters

All SNDK earnings
+8.3%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.