Sandisk Q4 Revenue Soars 372%, But In-Line Guidance Dips Stock
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- Sandisk reported fiscal Q4 revenue of $8.97 billion, up 51% sequentially and 372% from a year earlier, with growth driven roughly one-third by higher shipment volumes and two-thirds by stronger pricing.
- Sandisk's Q4 GAAP net income surged to $6.90 billion, or $43.97 per diluted share, swinging from a loss of $23 million ($0.16 per share) a year earlier.
- Sandisk guided fiscal Q1 2027 revenue to $10.3–$10.8 billion and adjusted EPS to $44.00–$46.00, both broadly in line with Wall Street consensus of $10.62 billion and $44.21, respectively.
- Full-year fiscal 2026 revenue climbed 175% year-over-year to $20.25 billion, while data center revenue rose 437% for the year, underscoring demand from AI infrastructure and enterprise storage.
- Q4 segment results showed data center revenue more than doubling sequentially to $2.98 billion and edge revenue up 48% to $5.43 billion, while consumer revenue fell 32% sequentially to $556 million.
- Sandisk's board approved an additional $14 billion share repurchase authorization, lifting remaining buyback capacity to $15.5 billion; the company also signed five new New Business Model agreements since April, bringing the total to ten.
Why it matters: Sandisk delivered 372% top-line growth and added $14 billion to its buyback, but in-line guidance failed to extend the stock's run, triggering a modest after-hours selloff. The 437% full-year data-center surge shows AI-driven memory demand remains the dominant tailwind, while consumer revenue's 32% sequential drop hints at where that growth isn't reaching.
