Work Here?
Overview
SanDisk designs solid-state storage products based on flash memory, a non-volatile technology that preserves data without power. Its offerings include memory cards (CompactFlash, SD) and USB flash drives, using controllers and firmware to manage read/write, error correction, and wear leveling for durable, portable storage. The company helped popularize flash memory for cameras and mobile devices and expanded production to meet growing demand. In 2016, Western Digital acquired SanDisk for about $19 billion, combining flash expertise with HDD leadership to provide a broader range of storage solutions.
About Sandisk
Industries
Hardware
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$313M
Headquarters
Milpitas, California
Founded
1988
Get referred to Sandisk
See people who can refer or advise you
Simplify's Take
What believers are saying
- Q4 FY2026 revenue hit $8.97 billion, up 372% year over year.
- Data center revenue jumped 103% sequentially, driven by hyperscale AI infrastructure demand.
- Sandisk approved a $14 billion buyback after generating $11.7 billion operating cash flow.
What critics are saying
- Consumer revenue fell 32% sequentially in Q4 FY2026, exposing smartphone and PC weakness.
- Patent fights with Viasat and IPValue keep legal costs and injunction risk alive.
- Samsung, SK hynix, and Micron can crush pricing if AI NAND oversupply returns.
What makes Sandisk unique
- Kioxia-Sandisk alliance and BiCS10 QLC give 332-layer NAND scale in 2026.
- New Business Model contracts lock eight customers and $93.9 billion minimum NAND revenue.
- Investor Day targets FY2028-FY2030 mid-to-high teens growth with 80% gross margins.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$313M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Hybrid Work Options
Remote Work Options
Flexible Work Hours
Phone/Internet Stipend
Home Office Stipend
Professional Development Budget
Conference Attendance Budget
Wellness Program
Mental Health Support
Stock Options
Company Equity
401(k) Retirement Plan
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Employee Discounts
Gym Membership
Commuter Benefits
Tuition Reimbursement
Tuition Reimbursement
Stock Price
Company News
Sandisk outlined its growth strategy and financial targets at its 2026 Investor Day. The memory technology company expects revenue to grow mid-to-high teens from fiscal 2028 through 2030, with non-GAAP gross margins sustained at approximately 80% and operating margins at around 75%. The firm unveiled its BiCS9 QLC technology, combining proven BiCS8 array with BiCS10-based CMOS to meet AI-driven workload demands. Sandisk's BiCS10 QLC node achieves 60% increase in bit density compared to BiCS8. The company has signed New Business Model agreements with eight customers, representing approximately 50% of bits in fiscal 2027 and two-thirds in fiscal 2028. These agreements provide committed volumes and structured pricing mechanisms. Sandisk projects the enterprise data centre flash market will reach 1.2 zettabytes by 2030, driven by AI inference workloads.
Advanced Micro Devices reported quarterly revenue of $11.54 billion, beating analyst estimates of $11.28 billion, with adjusted earnings of $1.66 per share versus $1.62 expected. Data centre revenue more than doubled to $6.7 billion, driven by AI chip demand. Despite the beat, AMD's stock fell as much as 10% in extended trading. The company's guidance of roughly $13 billion for the current quarter topped the $12.52 billion consensus but fell short of some analysts' $14 billion expectations. AMD raised its AI chip market projection to $2 trillion annually by 2028, with $1.4 trillion from AI accelerators alone. The company is shipping Helios, its full-rack-scale AI system, to Meta, OpenAI, and Oracle. Client and gaming revenue grew only 6%, showing heavy dependence on data centre sales for growth.
Sandisk reported fiscal fourth-quarter results and announced a $14 billion share repurchase programme, bringing its total buyback authorisation to $15.5 billion — approximately 8.6% of the company's $181 billion market value. The memory maker's fiscal 2026 revenue surged 175% to $20.2 billion, whilst it swung from a $1.6 billion net loss to $11.4 billion net income. Operating cash flow jumped to $11.7 billion from $84 million the previous year. Pricing drove most of the growth, with datacenter revenue rising 437% year-over-year as AI infrastructure buildouts increased demand for NAND flash storage. The company paid off long-term debt and ended the year with $4.8 billion in cash. Sandisk had already spent $4.5 billion of a previous $6 billion buyback programme approved in April.
SanDisk reported fiscal 2026 fourth-quarter revenue of $8.97 billion, significantly exceeding its guidance of up to $8.25 billion. This represents a 51% sequential improvement. The memory chip maker posted $6.9 billion in GAAP net income, surpassing its previous quarter's entire revenue. For fiscal 2027's first quarter, the company expects up to $10.8 billion in revenue, indicating 20% sequential growth. Despite the strong results, SanDisk's share price has declined from its all-time high of just above $2,350. The stock currently trades at a forward price-to-earnings ratio below 20, lower than tech peers Amazon, Nvidia, and Broadcom. CEO David Goeckeler emphasised the company's position to generate "growing and durable free cash flow.
Sandisk reported fourth-quarter fiscal 2026 earnings of $39.25 per share, beating estimates by 14.63% and rising 68% sequentially. Revenues surged 371.6% year-over-year to $8.97 billion, exceeding the consensus estimate by 8%. Datacenter revenues hit $2.98 billion, up 103% sequentially, driven by adoption of enterprise solid-state drives across hyperscale and AI infrastructure customers. Edge revenues rose 48% sequentially to $5.43 billion, whilst consumer revenues fell 32% to $556 million. The company signed new business model agreements with eight customers, representing minimum contracted revenues of $93.9 billion at floor pricing. These contracts have a weighted average duration of over four years. Non-GAAP gross margin expanded to 84.6% from 78.4% in the previous quarter. Operating margin rose to 79.2% from 70.9%.
Sandisk is Hiring for 165 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Sandisk
Industries
Hardware
Industrial & Manufacturing
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$313M
Headquarters
Milpitas, California
Founded
1988
Sandisk is Hiring for 165 Jobs on Simplify!
Find jobs on Simplify and start your career today