Financial Performance - Q1 2026 - Revenue reached $2.308 billion, a 21% increase quarter-over-quarter (QoQ) and a 23% increase year-over-year (YoY)[17] - Non-GAAP Gross Margin was 29.9%, up 3.5 percentage points QoQ but down 9 percentage points YoY[6, 17] - Non-GAAP Diluted Net Income per Share was $1.22, a 321% increase QoQ but a 33% decrease YoY[6, 17] - Adjusted Free Cash Flow was $448 million, a 482% increase QoQ and a 399% increase YoY[6, 17] Revenue by End Market - Q1 2026 - Datacenter revenue was $269 million, a 26% increase QoQ[15] - Edge revenue was $1.387 billion, a 26% increase QoQ[15] - Consumer revenue was $652 million, an 11% increase QoQ[15] Capital Expenditure - Total Sandisk Gross CapEx was $387 million, representing 16.8% of net revenue[18] - Total Sandisk Cash CapEx was $40 million, representing 1.7% of net revenue[18] Fiscal Second Quarter Guidance - Revenue is projected to be between $2.55 billion and $2.65 billion[20] - Non-GAAP Gross Margin is expected to be between 41% and 43%[20] - Non-GAAP Diluted Net Income per Share is projected to be between $3.00 and $3.40[20]
Sandisk Corporation(SNDK) - 2026 Q1 - Earnings Call Presentation