SanDisk's revenue in the third quarter (first fiscal quarter) increased by 23% year-on-year, and it is expected that supply shortages will continue until the end of 2026

LB Select
2025.11.07 08:14

SanDisk announced its financial results for the first quarter of fiscal year 2026 (ending October 3, 2025). Under Non-GAAP, quarterly revenue was $2.308 billion, a quarter-over-quarter increase of 21% and a year-over-year increase of 23%; gross profit margin was 29.9%, a quarter-over-quarter increase of 3.5 percentage points and a year-over-year decrease of 9 percentage points; operating profit was $245 million, a quarter-over-quarter increase of 145% and a year-over-year decrease of 31%; net profit was $181 million, a quarter-over-quarter increase of 331% and a year-over-year decrease of 31%. In this quarter, SanDisk's NAND bit shipments achieved a growth of approximately 15%, with average selling prices showing a mid-single-digit percentage increase, driving revenue and gross margin above expectations. SanDisk stated that in this quarter, the demand for NAND products exceeded supply, with inventory turnover days decreasing from 135 days to 115 days, and this trend is expected to continue until the end of 2026. SanDisk CEO David stated that by 2026, the data center market will become the largest market for NAND flash memory for the first time

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