Story perspectives

SanDisk Q4 Datacenter Sales Jump 103% as Guidance Misses

8/15/2026

Summary

Story summary

SanDisk reported Q4 2026 revenue of $8.97 billion and datacenter sales that rose 103% to $2.98 billion, lifting non-GAAP gross margin to 84.6%.
Guidance of $10.3-$10.8 billion missed analysts, causing a 13.3% share decline.
The stock recovered to €1,170.00, up 5.4% that day and 6.4% for the week.
SanDisk added $14 billion to its buyback, raising total authorization to $15.5 billion, while Visoso pledged to return all excess cash.

History

Historical Context

Western Digital’s $19 billion purchase of SanDisk in May 2016 made it the leading flash-memory maker, a strategy echoed by its 2011 acquisition of HGST. After spinning off the flash unit as an independent SanDisk corporation in February 2025, the brand posted a 103 % Q4 2026 datacenter sales rise to $2.98 billion and announced a $15.5 billion buyback, underscoring the industry’s ongoing reliance on large-scale mergers and aggressive capital returns.

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Story summary

SanDisk reported Q4 2026 revenue of $8.97 billion and datacenter sales that rose 103% to $2.98 billion, lifting non-GAAP gross margin to 84.6%.
Guidance of $10.3-$10.8 billion missed analysts, causing a 13.3% share decline.
The stock recovered to €1,170.00, up 5.4% that day and 6.4% for the week.
SanDisk added $14 billion to its buyback, raising total authorization to $15.5 billion, while Visoso pledged to return all excess cash.

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