News Summary

• Third quarter revenue was$5.95 billion, up 97% sequentially and above the guidance range, with GAAP net income reported at$3,615 million($23.03diluted net income per share). Revenue outperformance was driven by both our mix shift toward higher-value customers, with Datacenter up 233%, and higher pricing. Third quarter Non-GAAP diluted net income per share was$23.41.
• Ended the fiscal third quarter with three signed New Business Model (NBM) agreements. Signed two additional NBM agreements in the fiscal fourth quarter.
• Expect fourth quarter revenue to be in the range of$7.75 billionto$8.25 billion, with expected Non-GAAP diluted net income per share to be in the range of$30.00to$33.00.

MILPITAS, Calif.--(BUSINESS WIRE)--Apr. 30, 2026--Sandisk Corporation(Nasdaq: SNDK) today reported fiscal third quarter financial results.

This quarter marks a fundamental inflection point for Sandisk where our technology leadership is enabling a deliberate shift in our mix toward the highest-value end markets, led by Datacenter, saidDavid Goeckeler, CEO of Sandisk. We are also advancing to a new business model built on multi-year customer engagements backed by firm financial commitments. Together, this transformation is driving structurally higher and more durable earnings power, continuedMr. Goeckeler. With a zero-debt balance sheet, strong cash generation, and a recently authorized share repurchase program, we are positioned to deliver substantial long-term value creation for our shareholders.