Sandisk Reports Strong Fiscal First Quarter 2026 Financial Results

Summary

Sandisk Corporation announced financial results for the fiscal first quarter of 2026, reporting revenue of $2.31 billion, a 21% increase sequentially. GAAP net income was $112 million, and Non-GAAP diluted net income per share was $1.22. Datacenter revenue grew by 26% sequentially, and BiCS8 technology accounted for 15% of total bits shipped, with expectations to reach majority of bit production by the end of fiscal year 2026.