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SanDisk reported fiscal Q4 revenue of $8.97 billion, up 51% quarter‑over‑quarter…

2026-08-06 · 10:49 UTC ·@BjerkeOy ·1 min read

Brief

SanDisk ($SNDK) reported fiscal Q4 revenue of $8.97 billion (up 51% QoQ, 372% YoY). CFO Luis Visoso projected the NAND market will exceed $300 billion in CY2026 and approach $500 billion in CY2027. CEO David Goeckeler said >50% of FY2027 supply is committed (two‑thirds in FY2028), with NBMs up to five years and ~80% gross margins on multi‑year contracts.

Why it matters

SanDisk reported fiscal Q4 revenue of $8.97 billion, up 51% quarter‑over‑quarter and 372% year‑over‑year (published 2026-08-06).

Key details

  • CFO Luis Visoso estimates the NAND market will exceed $300 billion in CY2026 (a 3x year‑over‑year increase) and will approach $500 billion in CY2027.
  • CEO David Goeckeler said just over 50% of SanDisk’s supply for FY2027 is already committed (rising to two‑thirds in FY2028); New Business Model agreements run up to 5 years with a weighted average >4 years, and multi‑year contracts target ~80% gross margin while the rest of the portfolio floats.
Source evidence

Sandisk ($SNDK) reported fiscal Q4 yesterday: revenue of $8.97 billion, up 51% quarter-over-quarter and 372% year-over-year.

Four takeaways from the call:

NAND MARKET OUTLOOK

CFO Luis Visoso: “We estimate the NAND market will exceed $300 billion in revenue in CY 2026, up 3x year-over-year… the NAND market will approach $500 billion in revenue in CY 2027.”

COMMITTED SUPPLY

CEO David Goeckeler: “A little bit more than 50% of our supply for FY 2027… is already committed… In FY 2028, that steps up to two-thirds.”

AGREEMENT DURATION

CFO Luis Visoso: “The length of our NBMs [New Business Model agreements] varies, extending up to 5 years, with a weighted average duration of over 4 years.”

MULTI-YEAR CONTRACT MARGINS ~80%

CEO David Goeckeler: “We’re committing supply to customers that are willing to commit for years in advance at the economics we guided to last quarter… We guided to about 80% gross margin. The rest of the portfolio floats.”