SanDisk: Data Center Business Grows 233% Sequentially, Revenue Hits Record High

SanDisk released its financial results for the third quarter of fiscal 2026 (ending April 3, 2026). On a Non-GAAP basis, the company posted quarterly revenue of $5.95 billion, representing a 97% quarter-over-quarter increase and a 251% year-over-year increase. The gross profit margin stood at 78.4%, up 27.3 percentage points quarter-over-quarter and 55.7 percentage points year-over-year. Operating profit reached $4.218 billion, surging 272% quarter-over-quarter and an extraordinary 2,108 times year-over-year. Net income amounted to $3.675 billion, jumping 280% quarter-over-quarter and 86.47 times year-over-year.