Sandisk Corporation reported its fiscal fourth quarter and full year 2026 financial results. "We closed fiscal 2026 with a leading technology portfolio, established datacenter as a key growth pillar, and deepened our customer partnerships," said David Goeckeler, Chairman and Chief Executive Officer.

Fiscal fourth quarter revenue reached $8.97 billion, a 51% increase sequentially, with GAAP net income at $6.90 billion ($43.97 diluted net income per share). Sequential revenue growth was attributed to higher volumes and pricing. Non-GAAP diluted net income per share for the quarter was $39.25.

For fiscal year 2026, Sandisk reported revenue of $20.25 billion, a 175% year-over-year increase. This growth was driven by a mix shift towards higher-value customers, with Datacenter revenue up 437%, and higher pricing. GAAP net income for the year was $11.43 billion ($73.76 diluted net income per share), and Non-GAAP diluted net income per share was $70.88.

Sandisk also announced an expanded share repurchase authorization of an additional $14 billion. For the first quarter of 2027, the company expects revenue between $10.30 billion and $10.80 billion, with Non-GAAP diluted net income per share projected to be between $44.00 and $46.00.