Sandisk Announces Strong Q3 Results and $6B Share Repurchase Program

Summary

Sandisk Corporation reported robust financial results for the fiscal third quarter of 2026, with a 97% sequential increase in revenue to $5.95 billion and a significant rise in GAAP net income to $3.615 billion. The company also announced a $6 billion share repurchase program, which is expected to be funded by operating cash flows. These results reflect the company's strategic shift towards higher-value customers and increased pricing.