SNDK at a glance
Sandisk (SNDK, SEC CIK 2023554) filed its latest 10-K annual report on August 17, 2026, a 10-Q quarterly report on May 1, 2026, an 8-K current report on September 16, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended July 3, 2026 (FY2026), Sandisk (SNDK) reported revenue of $20.2 billion (up 175.3% from FY2025) and net income of $11.4 billion. Diluted EPS was $73.76.
- As of June 30, 2026, 48 institutional investment managers tracked by SignalX reported holding Sandisk (SNDK) shares worth $136.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Shek Bernard on October 1, 2026 of 600 shares at $1734.94 per share.
- In the last 90 days, SNDK insiders reported 0 open-market purchases ($0) and 67 open-market sales ($121.2M) on Form 4, a net sale of $121.2M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $20.2B
- +175.3% vs prior year
- Insiders · 90 days
- 0 buys · 67 sells
- Net −$121.2M
- 13F holders
- 48 funds
- $136.1B · +5 vs prior quarter
- Latest 8-K
- Sep 16, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jul 3, 2026
Management Discussion & Analysis
- Revenue $20.25B in 2026, up 175% YoY (+$12.89B) driven by Datacenter (+437%, +$4.19B), Edge (+195%, +$8.03B), Consumer (+29%, +$0.67B)
- Gross margin 71.5% in 2026 vs 30.1% in 2025; operating margin 61.3% in 2026 vs (18.7)% in 2025, driven by higher sales, pricing, and no 2026 goodwill impairment
- Best segment: Edge revenue $12.16B, +195% YoY; worst segment: Consumer $2.94B, +29% YoY but declining volumes
- Operating cash flow $11.67B in 2026; repurchased $4.5B stock, $1.9B Term Loan repayment, $177M capex, dividends not disclosed
- Management expects continued AI-driven demand and pricing strength through 2027, but flags U.S. trade tariff risks and evolving tax regulations as uncertainties
Business Overview
- Separation from Western Digital completed Feb 21, 2025; Sandisk now standalone public company trading as "SNDK" on Nasdaq
- Entered 10-year extension (to Dec 31, 2034) on Flash Ventures joint manufacturing agreements with Kioxia, securing supply chain through 2034
- Acquired 48% equity interest in Unisplendour Corp for China market distribution, newly consolidated under equity method accounting
- Global workforce approx 11,100 employees as of July 2026, 74% based in Asia Pacific, reflecting large international presence
- $1.2 billion commitment to Kioxia for wafer supply payments from 2026-2029 as part of extended manufacturing collaboration agreement
Risk Factors
- Tariff risk under U.S. Section 232 and Section 301 investigations could increase Sandisk’s U.S. product costs, compressing margins and sales due to lost tariff exemptions
- Revenue 44% from top 10 customers in 2026, exposing Sandisk to customer consolidation risks that could pressure pricing and volume
- Flash Ventures joint venture requires 50% fixed cost payment regardless of orders, creating risk of heavy charges ($75M underutilization, $24M inventory write-down in 2025)
- Competitor capacity expansions may force aggressive pricing, harming Sandisk’s margins amid rapid technology transition demands and volatile demand
- Revolving credit facility covenants limit dividend payments, share repurchases, acquisitions, and debt incurrence, restricting Sandisk’s financial flexibility
AI summary of the SNDK 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Apr 3, 2026
Management Discussion & Analysis
- Forward-looking statements subject to business, operating-results, and other disclosed risks
Risk Factors
- New risk: long-term customer agreements create execution exposure, including delivery failures, penalties, volume reductions, or termination
- Operational risk: manufacturing capacity, production yields, supply chain performance, and critical-input availability could disrupt contract fulfillment
- Market risk: customer defaults or terminations could leave products unsold at comparable prices, reducing revenue and margins
- Financial risk: excess inventory, manufacturing underutilization, or asset impairment charges could follow lost customer volumes
- Contract protection: customer financial guarantees may not fully offset lost revenue after purchase-obligation failures
AI summary of the SNDK 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Executive compensation adjustments effective October 1, 2026, following annual review
- CTO Alper Ilkbahar: $755,000 base salary and 100% STI target
Item 1.01: Entry into a Material Definitive Agreement
- $1.5B revolving credit facility refinances prior commitments, preserving liquidity through September 9, 2031
- SOFR-based borrowings priced at margin of 1.375%, with 0.375% margin for base-rate borrowings
Item 2.02: Results of Operations and Financial Condition
- Fiscal Q4 ended July 3, 2026 results announced August 5, 2026
- Press release contains the financial results and key operating metrics
Item 8.01: Other Events
- $14 billion share repurchase authorization approved August 5, 2026, excluding fees and commissions
- Funding expected from operating cash flows, linking buyback capacity to ongoing business generation
Item EX-99.1: Item EX-99.1
- Q4 revenue $8.97B, up 51% sequentially; higher pricing contributed roughly two-thirds of growth, highlighting strong pricing power
- Fiscal 2026 revenue $20.25B, up 175%; Datacenter revenue surged 437% to $5.15B, establishing the key growth engine
AI summaries of SNDK 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SNDK
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Shek Bernard | Sell | Oct 1, 2026 | 600 | $1734.94 |
| Shek Bernard | F | Sep 20, 2026 | 118 | $1791.82 |
| Goeckeler David | Sell | Sep 17, 2026 | 1,157 | $1572.60 |
| Goeckeler David | Sell | Sep 17, 2026 | 40 | $1567.26 |
| Goeckeler David | Sell | Sep 17, 2026 | 910 | $1570.04 |
| Goeckeler David | Sell | Sep 17, 2026 | 4,558 | $1571.21 |
| Visoso Luis Felipe | A | Sep 17, 2026 | 1,635 | - |
| Pokorny Michael | A | Sep 17, 2026 | 458 | - |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $7.4B | $20.2B |
| Gross Profit | - | $2.2B | $14.5B |
| Operating Income | - | -$1.4B | $12.4B |
| Net Income | - | -$1.6B | $11.4B |
| Gross Margin | - | 30.1% | 71.5% |
| Op. Margin | - | -18.7% | 61.2% |
| Net Margin | - | -22.3% | 56.5% |
| Balance Sheet | |||
| Total Assets | $13.5B | $13.0B | $22.5B |
| Equity | - | $9.2B | $15.7B |
| ROE | - | -17.8% | 72.7% |
| Per Share | |||
| EPS | - | $-11.32 | $73.76 |
| Cash Flow | |||
| Operating CF | - | $84.0M | $11.7B |
| CapEx | $166.0M | $204.0M | $177.0M |
Source: XBRL data in Sandisk (SNDK)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SNDK share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 48 | $136.15B |
| Q1 2026 | 43 | $39.42B |
| Q4 2025 | 32 | $18.18B |
| Q3 2025 | 31 | $9.41B |
| Q2 2025 | 30 | $3.71B |
| Q1 2025 | 24 | $2.45B |
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- Goldman Sachs Group−594.2K (-29%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 208 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SNDK filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 8-K | Sep 16, 2026 | - | Analysis | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 8-K | Sep 11, 2026 | - | Analysis | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 10-K | Aug 17, 2026 | Jul 3, 2026 | Analysis |
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SNDK SEC filings: frequently asked questions
Are SNDK insiders buying or selling?
In the last 90 days, Sandisk (SNDK) officers, directors and 10% owners reported no open-market purchases and 67 open-market sales worth $121.2 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold SNDK stock?
As of June 30, 2026, the largest Sandisk (SNDK) holders among the 13F filers tracked by SignalX were BlackRock ($23.4 billion), Vanguard Capital Management LLC ($22.0 billion), FMR LLC (Fidelity) ($17.9 billion), State Street Corp ($13.5 billion), Invesco Ltd ($12.8 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SNDK's revenue in fiscal year 2026?
For the fiscal year ended July 3, 2026 (FY2026), Sandisk (SNDK) reported revenue of $20.2 billion (up 175.3% from FY2025) and net income of $11.4 billion. Diluted EPS was $73.76. The figures come from the XBRL data in the 10-K.
What are the main risks in SNDK's latest 10-K?
In the 10-K filed August 17, 2026, Sandisk (SNDK) flagged: Tariff risk under U.S. Section 232 and Section 301 investigations could increase Sandisk’s U.S. product costs, compressing margins and sales due to lost tariff exemptions. Revenue 44% from top 10 customers in 2026, exposing Sandisk to customer consolidation risks that could pressure pricing and volume. (AI summary of the Risk Factors section.)
What did SNDK report in its latest 8-K?
Sandisk (SNDK) filed an 8-K on September 16, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Executive compensation adjustments effective October 1, 2026, following annual review.
What are the latest SNDK SEC filings?
Sandisk (SNDK) filed its latest 10-K annual report on August 17, 2026, a 10-Q quarterly report on May 1, 2026, an 8-K current report on September 16, 2026 and a Form 4 insider filing on October 2, 2026.
What is SNDK's SEC CIK number?
Sandisk (SNDK)'s SEC Central Index Key (CIK) is 2023554. EDGAR lists every SNDK filing under that number.
Ask anything about SNDK
The research agent reads SNDK's filings, financials, insider trades and 13F holders, then answers with sources.