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Jan 02
Sandisk Corp/DE Q2 2026 Earnings Report
Sandisk reported strong second quarter results driven by datacenter demand and improved product mix.
Key Takeaways
Sandisk delivered strong financial performance in Q2 2026, with a significant sequential increase in revenue, net income, and operating income, driven by robust datacenter and edge segment growth as AI infrastructure investments surged.
Revenue rose to $3.025 billion, surpassing guidance and up 31% QoQ.
Datacenter revenue surged 64% sequentially, driven by AI infrastructure deployments.
Operating income climbed to $1.065 billion from $176 million in Q1.
Net income reached $803 million, up from $112 million in the prior quarter.
Revenue by Segment
Forward Guidance
Sandisk expects continued strong performance in Q3 2026, supported by AI-related demand and disciplined cost management.
Positive Outlook
- Projected revenue of $4.4B to $4.8B.
- Expected non-GAAP EPS of $12.00 to $14.00.
- Gross margin expected to expand to 65.0% to 67.0%.
- Operating expenses expected to decline on a non-GAAP basis.
- Strong AI infrastructure demand expected to continue.
Challenges Ahead
- No GAAP EPS guidance provided.
- Tax expense estimated between $325M and $375M.
- Interest and other expenses projected between $25M and $30M.
- Ongoing impact of separation-related costs not fully quantified.
- Macroeconomic uncertainties and potential supply chain risks remain.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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