Sandisk Corporation Q4 FY2026 Earnings Results vs. Expectations

What the Street expects

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Q4 FY2026 reported results

What to watch

1. Fiscal Q4 2026 results on August 5, 2026— whether Sandisk hits its guided $7.75B–$8.25B revenue and $30.00–$33.00 non-GAAP EPS range, and whether gross margin holds near 78%.
2. Sandisk's Investor Day on August 13, 2026— likely to address the durability of the "New Business Model" long-term supply contracts and give a clearer multi-year framework for margins.
3. NAND spot pricing trends— any signs of price stabilization or renewed weakness will likely be the single biggest driver of the stock in the near term, more than the headline revenue growth rate itself.
4. Chinese NAND capacity additions (YMTC and others)— the pace of new supply entering the market is the main medium-term risk to Sandisk's pricing power.
5. Whether the July 30 rally marks a bottom or is a bounce within a larger correction, given how sharply sentiment has swung in both directions over the past two months.

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Estimate against reported

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

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