Full-Time
Develops NAND-based storage devices and solutions
No salary listed
Madrid, Spain
Remote
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SanDisk designs and makes data storage devices and solutions based on NAND flash memory. Its products include solid-state drives (SSDs), embedded storage, removable memory cards, and USB drives that store and move data. The way they work is by using NAND flash memory with controllers and firmware to manage data storage and access, delivering fast, reliable storage for computers, servers, edge devices, and consumer devices. SanDisk differentiates itself with a broad, continuously expanding product lineup that serves both consumer and enterprise markets, including AI workloads in data centers and at the edge, aiming to provide dependable, scalable flash storage across different use cases. The company’s goal is to help people and organizations store, analyze, and access data efficiently by offering high-capacity, high-performance storage solutions.
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$313M
Headquarters
Milpitas, California
Founded
1988
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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
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%.
Stock futures point to a mixed open following another Dow record high. Futures tied to the Dow Jones Industrial Average and S&P 500 rose 0.2% and 0.1%, whilst tech-heavy Nasdaq futures fell 0.6%, weighed down by memory chip stocks. SpaceX faces potential volatility as its first lock-up period expires, freeing over 900 million shares from trading restrictions. The stock rose 2% in premarket trading after dropping 14% yesterday to its lowest close. Sandisk and Western Digital shares plunged 11% and 14% respectively despite beating quarterly estimates. Both memory chip makers issued disappointing guidance, with Sandisk's revenue and profit outlook falling short of analyst expectations. Moderna shares gained following FDA approval for its mRNA-based flu shot. WTI oil futures rose 1% to $76 per barrel.
SanDisk shares fell over 10% in pre-market trading Thursday following analyst price target cuts despite the company reporting record quarterly revenue and announcing a $14 billion buyback programme. Citi lowered its price target to $2,100 from $2,500 whilst maintaining a 'Buy' rating, citing "more muted" pricing expectations for the September quarter. Wells Fargo reduced its target to $1,400 from $1,620 with an 'Equal Weight' rating, pointing to valuation concerns after the stock's recent rally. The company reported fourth-quarter revenue of $8.97 billion, nearly five times higher than the year-ago period, driven by increased cloud infrastructure spending. However, its outlook for first-quarter fiscal 2027 revenue of $10.3 billion to $10.8 billion disappointed some analysts. Retail investors on Stocktwits remained "extremely bullish" on the shares.