Short answer
Sandisk (SNDK) filed an 8-K current report with the SEC on April 30, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Fiscal Q3 2026 results covered the quarter ended April 3, 2026.
Sandisk 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Fiscal Q3 2026 results covered the quarter ended April 3, 2026
- Results announcement dated April 30, 2026
- Detailed financial results available in Exhibit 99.1 as the incorporated press release
Item 8.01 · Other Events
- $6 billion share repurchase authorization approved April 30, 2026, signaling substantial capital return capacity
- Operating cash flows expected to fund buybacks, limiting reliance on incremental borrowing
- Open-market and Rule 10b5-1 purchases permitted, enabling flexible execution across market conditions
- No completion obligation; management may suspend or discontinue repurchases at any time
Item EX-99.1 · Exhibit EX-99.1
- Q3 revenue $5.95B, up 97% sequentially and 251% year over year, signaling a sharp demand and pricing inflection
- Datacenter revenue $1.47B, up 233% sequentially and 645% year over year, making mix shift the primary growth driver
- GAAP net income $3.62B and diluted EPS $23.03, versus a $1.93B loss and $(13.33) EPS year over year
- Free cash flow $2.99B and cash $3.74B, while long-term debt fell to zero, materially strengthening financial flexibility
- Q4 revenue guidance $7.75B–$8.25B and non-GAAP EPS $30.00–$33.00, implying continued acceleration with gross margin guidance of 79.0%–81.0%
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