How does Sandisk (SNDK) make money?

Sandisk (SNDK) generates revenue primarily from Client Devices, which accounted for 40.3% of total revenue in TTM through Q2 2026. The company reported $13.2B in revenue and converted 34.2% of it into net profit, equivalent to roughly $4.51B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Sandisk (SNDK)?

Sandisk (SNDK) reported a gross profit margin of 56% in TTM through Q2 2026, equivalent to $7.39B in gross profit on $13.2B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Sandisk (SNDK)?

Sandisk (SNDK) reported an operating profit margin of 40.9% in TTM through Q2 2026, equivalent to $5.4B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Sandisk (SNDK)?

Sandisk (SNDK) reported a net profit margin of 34.2% in TTM through Q2 2026, equivalent to $4.51B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Sandisk (SNDK) profitable?

Yes. Sandisk (SNDK) reported $4.51B in net income for TTM through Q2 2026, with a net profit margin of 34.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Sandisk (SNDK) invest in research and development?

Sandisk (SNDK) invested $1.27B in research and development during TTM through Q2 2026, roughly 9.6% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Sandisk (SNDK) spend on capital expenditures?

Sandisk (SNDK) spent $179M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 1.4% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Sandisk (SNDK) generate?

Sandisk (SNDK) generated $4.46B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 33.8%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Sandisk (SNDK)?

Sandisk (SNDK) had an effective tax rate of 12.5% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Sandisk (SNDK)?

Sandisk (SNDK) reports revenue across 4 reportable product segments, led by Client Devices at 40.3% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Sandisk Makes Money: 2026 Visual Revenue Map

Sandisk (SNDK) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending April 3, 2026 (reported May 1, 2026).

Sandisk discloses geographic revenue only in annual filings. to view the full breakdown.

Sandisk (SNDK) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Sandisk (SNDK), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Client Devices	$5.31B	40.3%
Consumer	$4.18B	31.7%
Datacenter	$2.43B	18.5%
Cloud	$1.27B	9.6%
Total	$13.2B	100%

Client Devices$5.31B
Consumer$4.18B
Datacenter$2.43B
Cloud$1.27B
Total$13.2B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Sandisk (SNDK) reports revenue across 4 reportable product segments; the largest segment was Client Devices at 40.3%, followed by Consumer (31.7%) and Datacenter (18.5%).

Frequently asked questions

Data & methodology

Sandisk (SNDK) Key Financials

Charts, filings, and peer comparison for every metric

Trains Company Knowledge

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

SNDK Overview

Counters

Income Statement

Cash Flow

Capital Return

Buybacks

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation