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Equity offeringSEC filing
Sandisk recommends stockholders reject unsolicited mini-tender offer by Tutanota LLC
Sandisk Corporation became aware of an unsolicited mini-tender offer by Tutanota LLC to purchase up to 100,000 shares of common stock at $1,150.00 per share, representing less than 0.07% of outstanding shares as of April 24, 2026. The offer is conditioned upon the closing price per share exceeding $1,150.00 on the last trading day before expiration, meaning tendering stockholders would receive a below-market price unless this condition is waived. Sandisk does not endorse the offer and recommends stockholders tak...
SNDK filed its 10-Q; the most relevant disclosure change is added Debt extinguishment: Company fully repaid $1.9 billion term loan facility on March 4, 2026 using cash on hand; recorded $46 million loss on debt extinguishment from write-off of unamortized issuance costs; company has no long-term debt outstanding as of April 3, 2026. Customer concentration: Multiple customers (top 10) represented 46% of revenue; One customer (unnamed) represented 10%+ of revenue.
SNDK filed its 10-Q; the most relevant disclosure change is added Subsequent Events - Flash Ventures Extension: On January 29, 2026, the company entered into FAL Second Commitment and Extension Agreement and FPL Second Commitment and Extension Agreement with Kioxia, extending the terms of Flash Alliance and Flash Partners joint ventures to December 31, 2034. Following e. Customer concentration: Top 10 customers represented 44% of revenue; Top 10 customers represented 40% of revenue.
SNDK Q2 FY2026 Revenue $3,025 million, Beat Guidance by +$425.0M
SNDK beat prior Q2 FY2026 Revenue guidance by +$425.0M. The company also issued Q3 FY2026 guidance projecting revenue of $4.40 billion to $4.80 billion and non-GAAP diluted EPS of $12.00 to $14.00.
SNDK filed its 10-Q; the most relevant disclosure change is reduced Long-term debt: Long-term debt decreased to $1.4 billion from $1.9 billion at fiscal year-end due to $500 million Term Loan repayment during the quarter. Customer concentration: Top 10 customers represented 40% of revenue; Largest customer represented less than 10% of revenue.
Sandisk Reports Q1 FY2026 Results: Revenue of $2.31B, Non-GAAP EPS of $1.22
Sandisk Corporation reported fiscal Q1 2026 revenue of $2.308 billion, which beat the guidance range of $2.0 billion to $2.2 billion (midpoint $2.1 billion) by $208 million or approximately 9.9%. GAAP net income was $112 million ($0.75 diluted EPS) and non-GAAP diluted EPS was $1.22. Revenue increased 21% sequentially and 23% year-over-year, with Edge segment driving growth at $1.387 billion (up 30% Y/Y) while Datacenter revenue declined 10% Y/Y to $269 million. For Q2 FY2026, the company guided revenue of $2.55...
SNDK filed its 10-K; the most relevant disclosure change is added Goodwill Impairment: $1.8B goodwill impairment charge recorded in Q3 FY2025 following quantitative testing after spin-off separation indicated carrying value of reporting unit exceeded estimated fair value. Customer concentration: Top Ten Customers represented 40% of revenue.
SNDK Q4 FY2025 Revenue $1.90 billion, Beat Guidance by +$150.0M
SNDK beat prior Q4 FY2025 Revenue guidance by +$150.0M. GAAP net loss was $23 million ($0.16 diluted loss per share) while Non-GAAP diluted EPS was $0.29, compared to Non-GAAP EPS of $(0.30) in Q3 FY2025. The company guided Q1 FY2026 revenue of $2.10 billion to $2.20 billion and Non-GAAP diluted EPS of $0.70 to $0.90.
SNDK filed its 10-Q; the most relevant disclosure change is added Goodwill impairment: Company recorded $1.8 billion goodwill impairment charge in Q3 FY2025 after completing spin-off from WDC. Subsequent to separation, company identified impairment indicators related to macroeconomic conditions, industry developments, trading price of common sto. Customer concentration: Top 10 customers represented 41% of revenue; One customer >10% represented Exceeded 10% (specific percentage not disclosed) of revenue.
Sandisk reported Q3 FY2025 revenue of $1.695 billion, down 1% year-over-year, above the guidance range. GAAP loss was $1.93 billion ($13.33 per share), including a $1.83 billion goodwill impairment charge, compared to GAAP net income of $27 million in Q3 2024. Non-GAAP loss per share was $0.30 versus Non-GAAP EPS of $0.57 in the prior year period. The company guided Q4 FY2025 revenue to $1.75-$1.85 billion with Non-GAAP EPS of $(0.10) to $0.15.
SNDK filed its 10-Q; the most relevant disclosure change is added Subsequent Events - Spin-off Completion: On February 21, 2025, Sandisk completed its spin-off from WDC through WDC's pro rata distribution of 80.1% of Sandisk's outstanding shares to WDC stockholders; WDC retained 19.9%. On February 24, 2025, Sandisk began trading as an independent public company und. Customer concentration: Top 10 Customers represented 42% of revenue.
Sandisk completes spin-off from Western Digital and begins trading on Nasdaq
Sandisk Corporation completed its separation from Western Digital Corporation on February 21, 2025, becoming an independent public company. The spin-off was effected through a pro rata distribution to WDC stockholders of one-third share of Sandisk common stock for every share of WDC common stock held. Sandisk common stock commenced trading on Nasdaq Global Select Market under the ticker symbol SNDK on February 24, 2025. WDC retains a 19.9% ownership stake in Sandisk following the distribution. In connection with...
Sandisk Corporation Adopts Amended and Restated Bylaws Following Western Digital Separation
Sandisk Corporation adopted Amended and Restated Bylaws on February 12, 2025, in connection with the previously announced separation from Western Digital Corporation. The 8-K incorporates by reference a summary of material provisions from the Company's Information Statement and includes the full Bylaws as Exhibit 3.1. Item 3.03 addresses material modifications to security holders' rights related to the separation.