Sandisk Corporation (Nasdaq: SNDK) reported fiscal third quarter financial results on Monday, signaling a strategic pivot toward higher-value markets. CEO David Goeckeler emphasized a shift to Datacenter-led revenue mix and new multi-year customer engagements. The company ended the quarter with a zero-debt balance sheet and signed three New Business Model (NBM) agreements.

Third quarter revenue surged 97% sequentially to $5.95 billion, driven by a 233% jump in Datacenter sales and higher pricing. GAAP net income reached $3,615 million ($23.03 per share), while Non-GAAP diluted net income per share was $23.41. Sandisk also signed two additional NBM agreements in the fiscal fourth quarter.

For fiscal Q4, Sandisk expects revenue between $7.75 billion and $8.25 billion, with Non-GAAP diluted net income per share projected at $30.00 to $33.00. With strong cash generation and a share repurchase program, the company aims to deliver substantial long-term shareholder value through structurally higher earnings. $5.95 billion in Q3 revenue and a zero-debt balance sheet position Sandisk for sustained growth in the datacenter sector.