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US equity markets/AI Value chain/SNDK

SanDisk

SNDK·NASDAQ·USD

1,304.84+49.26 (+3.92%)

Regular-session close2026-10-27, 16:00 ET·Definitions

Price history2025-02-24 — 2026-10-23Valid trading days: 420 · Through 2026-10-23 · All expected trading dates since listing are present · History update delayed

Operating history2023-12-29 — 2026-07-0311 historical metrics · 11 workpaper periods

Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The first price observation reaches the verified listing date. This does not mean that security continuity, every trading day and adjusted prices have all been verified throughout the history.

The first price reaches the verified listing date 2025-02-24. Trading-date coverage and price verification are shown separately below.

Trading dates checked for 2025-02-24 — 2026-10-23: all 420 expected dates are present. Complete dates do not establish independent verification of every price.

Security basis: The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

verified-listing-start-covered

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current Sandisk separation/listing. Earlier reused SNDK symbol is not this listed security.

View sources and versions ↗

Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2023-12-29 — 2026-07-03 · Valid observations: 100. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history

Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

2026-10-23Last value in range

Time rangeSNDK Share price

2025-10-23 — 2026-10-23

Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 4

Observations in this chart, including unverified periods or dates · original values and source versions retained

Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period end	Gross margin% · Calculated from disclosures	Operating margin% · Calculated from disclosures	Net margin% · Calculated from disclosures	(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-07-032026-07-03	84.57% Basis · Calculated from disclosures Source version date: 2026-08-17 View calculation inputs · 4 items Currency USD grossProfit 7,582,000,000 Revenue 8,965,000,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 14,472,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 1 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 6,890,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 2 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 20,248,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 3 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 11,283,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-K · Filing version 2026-08-17 SNDK · 10-Q · Filing version 2026-05-01	78.49% Basis · Calculated from disclosures Source version date: 2026-08-17 View calculation inputs · 4 items Currency USD operatingIncome 7,037,000,000 Revenue 8,965,000,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 12,389,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 1 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 5,352,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 2 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 20,248,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 3 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 11,283,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-K · Filing version 2026-08-17 SNDK · 10-Q · Filing version 2026-05-01	77.00% Basis · Calculated from disclosures Source version date: 2026-08-17 View calculation inputs · 4 items Currency USD Net income 6,903,000,000 Revenue 8,965,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 11,433,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 1 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 4,530,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 2 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 20,248,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 3 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 11,283,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-K · Filing version 2026-08-17 SNDK · 10-Q · Filing version 2026-05-01	79.01% Basis · Calculated from disclosures Source version date: 2026-08-17 View calculation inputs · 5 items Currency USD Operating cash flow 7,126,000,000 Cash capital expenditure 43,000,000 Revenue 8,965,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 11,671,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 4,545,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 177,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-057406 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 134,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 4 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-07-03 value 20,248,000,000 Filing date 2026-08-17 form 10-K accn 0001628280-26-057406 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-057406 5 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 11,283,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-K · Filing version 2026-08-17 SNDK · 10-Q · Filing version 2026-05-01
2026-04-032026-04-03	78.35% Basis · Calculated from disclosures Source version date: 2026-05-01 View calculation inputs · 4 items Currency USD grossProfit 4,662,000,000 Revenue 5,950,000,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2026-01-03 Period end 2026-04-03 value 4,662,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-01-03 Period end 2026-04-03 value 5,950,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-Q · Filing version 2026-05-01	69.09% Basis · Calculated from disclosures Source version date: 2026-05-01 View calculation inputs · 4 items Currency USD operatingIncome 4,111,000,000 Revenue 5,950,000,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2026-01-03 Period end 2026-04-03 value 4,111,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-01-03 Period end 2026-04-03 value 5,950,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-Q · Filing version 2026-05-01	60.76% Basis · Calculated from disclosures Source version date: 2026-05-01 View calculation inputs · 4 items Currency USD Net income 3,615,000,000 Revenue 5,950,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2026-01-03 Period end 2026-04-03 value 3,615,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-01-03 Period end 2026-04-03 value 5,950,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-Q · Filing version 2026-05-01	50.30% Basis · Calculated from disclosures Source version date: 2026-05-01 View calculation inputs · 5 items Currency USD Operating cash flow 3,038,000,000 Cash capital expenditure 45,000,000 Revenue 5,950,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 4,545,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-06-28 Period end 2026-01-02 value 1,507,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-004407 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-06-28 Period end 2026-04-03 value 134,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-029401 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-06-28 Period end 2026-01-02 value 89,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 4 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-01-03 Period end 2026-04-03 value 5,950,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 SNDK · 10-Q · Filing version 2026-05-01 SNDK · 10-Q · Filing version 2026-01-30
2026-01-022026-01-02	50.94% Basis · Calculated from disclosures Source version date: 2026-01-30 View calculation inputs · 4 items Currency USD grossProfit 1,541,000,000 Revenue 3,025,000,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2025-10-04 Period end 2026-01-02 value 1,541,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-10-04 Period end 2026-01-02 value 3,025,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 SNDK · 10-Q · Filing version 2026-01-30	35.21% Basis · Calculated from disclosures Source version date: 2026-01-30 View calculation inputs · 4 items Currency USD operatingIncome 1,065,000,000 Revenue 3,025,000,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2025-10-04 Period end 2026-01-02 value 1,065,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-10-04 Period end 2026-01-02 value 3,025,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 SNDK · 10-Q · Filing version 2026-01-30	26.55% Basis · Calculated from disclosures Source version date: 2026-05-01 View calculation inputs · 4 items Currency USD Net income 803,000,000 Revenue 3,025,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-10-04 Period end 2026-01-02 value 803,000,000 Filing date 2026-05-01 form 10-Q accn 0001628280-26-029401 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-029401 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-10-04 Period end 2026-01-02 value 3,025,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 SNDK · 10-Q · Filing version 2026-05-01 SNDK · 10-Q · Filing version 2026-01-30	32.40% Basis · Calculated from disclosures Source version date: 2026-01-30 View calculation inputs · 5 items Currency USD Operating cash flow 1,019,000,000 Cash capital expenditure 39,000,000 Revenue 3,025,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-06-28 Period end 2026-01-02 value 1,507,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-06-28 Period end 2025-10-03 value 488,000,000 Filing date 2025-11-07 form 10-Q accn 0001628280-25-050698 Input sign -1 sourceIds 0 sndk-sec-0001628280-25-050698 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-06-28 Period end 2026-01-02 value 89,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign -1 sourceIds 0 sndk-sec-0001628280-26-004407 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-06-28 Period end 2025-10-03 value 50,000,000 Filing date 2025-11-07 form 10-Q accn 0001628280-25-050698 Input sign 1 sourceIds 0 sndk-sec-0001628280-25-050698 4 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-10-04 Period end 2026-01-02 value 3,025,000,000 Filing date 2026-01-30 form 10-Q accn 0001628280-26-004407 Input sign 1 sourceIds 0 sndk-sec-0001628280-26-004407 SNDK · 10-Q · Filing version 2026-01-30 SNDK · 10-Q · Filing version 2025-11-07

Calculations and sources 4 items

Gross margin% · Calculated from disclosures

Calculation basis

Gross profit / revenue × 100

Reading guide

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

SNDK · 10-Q/A · Filing version 2025-03-17 SNDK · 10-Q · Filing version 2025-05-12 SNDK · 10-K · Filing version 2026-08-17 SNDK · 10-Q · Filing version 2025-11-07 SNDK · 10-Q · Filing version 2026-01-30 SNDK · 10-Q · Filing version 2026-05-01

Operating margin% · Calculated from disclosures

Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Net margin% · Calculated from disclosures

Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

SNDK · 10-Q · Filing version 2025-05-12 SNDK · 10-Q/A · Filing version 2025-03-17 SNDK · 10-K · Filing version 2026-08-17 SNDK · 10-Q · Filing version 2026-05-01 SNDK · 10-Q · Filing version 2025-11-07 SNDK · 10-Q · Filing version 2026-01-30

(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures

Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

Sandisk Corporation. The quote provider classifies its industry as Electronic Components. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings

Legal name: Sandisk Corporation
Exchange / quote currency: NASDAQ / USD
Reporting currency: USD
Source industry classification: Electronic Components
Financial period end / Source version used: 2026-07-03 / 2026-08-17
Value-chain roles (not revenue shares): Memory and storage (HBM + nearline)

Check SEC filings index ↗

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MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

1,304.84 +3.92%

2026-07-23 — 2026-10-23Price change over the selected period -23.12%

Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 420 / trading dates: 420Market data source

Compare company

MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close: 1,255.58
Session open: 1,267.90
Session range: 1,259.00 – 1,315.98
Session volume: 7.06 M
20 Average daily volume: 8.03 M
Historical range: 27.89 – 2,354.39

Valuation and cash

Market cap · USD: 197.72 B
Price / sales · Annual: 9.76
Free cash flow yield: 5.81%

Financial denominator

Revenue · Annual: 20.25 B USD
Period end: 2026-07-03
Source version: 2026-08-17

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-07-03

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-07-03Source version used 2026-08-17 · Original currency USD

Current periodCompareUSD · Quarter

Current period 2026-04-04 — 2026-07-03Comparison period 2026-01-03 — 2026-04-03

Financial comparison of two defined periods; expand values for source records
Line item	Current period	Comparison period	Amount change	Growth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive	8.97 BDerived by subtraction Raw value 8,965,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 20.25 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 11.28 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	5.95 B Raw value 5,950,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	+3.02 B	+50.67%
Gross profitGross margin 84.57% · Change +6.22 percentage points	7.58 BDerived by subtraction Raw value 7,582,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 14.47 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 6.89 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	4.66 B Raw value 4,662,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	+2.92 B	+62.63%
Operating incomeOperating margin 78.49% · Change +9.40 percentage points	7.04 BDerived by subtraction Raw value 7,037,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 12.39 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 5.35 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	4.11 B Raw value 4,111,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	+2.93 B	+71.17%
Net incomeNet margin 77.00% · Change +16.24 percentage points	6.90 BDerived by subtraction Raw value 6,903,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 11.43 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 4.53 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	3.62 B Raw value 3,615,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	+3.29 B	+90.95%
Operating cash flowOperating cash flow / revenue 79.49% · Change +28.43 percentage points	7.13 BDerived by subtraction Raw value 7,126,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 11.67 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 4.55 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	3.04 BDerived by subtraction Raw value 3,038,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-06-28 — 2026-04-03 · 4.55 B USD · Source version 2026-05-01 Subtract: 2025-06-28 — 2026-01-02 · 1.51 B USD · Source version 2026-01-30 Original calculation input 1 ↗Original calculation input 2 ↗	+4.09 B	+134.56%
Capital expenditureCapital expenditure / revenue 0.48% · Change -0.28 percentage points	43.00 MDerived by subtraction Raw value 43,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 177.00 M USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 134.00 M USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	45.00 MDerived by subtraction Raw value 45,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-06-28 — 2026-04-03 · 134.00 M USD · Source version 2026-05-01 Subtract: 2025-06-28 — 2026-01-02 · 89.00 M USD · Source version 2026-01-30 Original calculation input 1 ↗Original calculation input 2 ↗	-2.00 M	-4.44%

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials

Comparable-period financial trends

2026-07-03Last value in range

Time rangeRevenue

2023-12-29 — 2026-07-03

Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD	2023-12-29	2024-03-29	2024-06-28	2024-09-27	2024-12-27	2025-03-28	2025-06-27	2025-10-03	2026-01-02	2026-04-03	2026-07-03
Revenue	1.67 B Raw value 1,665,000,000.00 USD 2023-09-30 — 2023-12-29 · USD · Reported data Original filing ↗	1.71 B Raw value 1,705,000,000.00 USD 2023-12-30 — 2024-03-29 · USD · Reported data Original filing ↗	1.76 BDerived by subtraction Raw value 1,760,000,000.00 USD 2024-03-30 — 2024-06-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-07-01 — 2024-06-28 · 6.66 B USD · Source version 2026-08-17 Subtract: 2023-07-01 — 2024-03-29 · 4.90 B USD · Source version 2025-05-12 Original calculation input 1 ↗Original calculation input 2 ↗	1.88 B Raw value 1,883,000,000.00 USD 2024-06-29 — 2024-09-27 · USD · Reported data Original filing ↗	1.88 B Raw value 1,876,000,000.00 USD 2024-09-28 — 2024-12-27 · USD · Reported data Original filing ↗	1.70 B Raw value 1,695,000,000.00 USD 2024-12-28 — 2025-03-28 · USD · Reported data Original filing ↗	1.90 BDerived by subtraction Raw value 1,901,000,000.00 USD 2025-03-29 — 2025-06-27 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-06-29 — 2025-06-27 · 7.36 B USD · Source version 2026-08-17 Subtract: 2024-06-29 — 2025-03-28 · 5.45 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	2.31 B Raw value 2,308,000,000.00 USD 2025-06-28 — 2025-10-03 · USD · Reported data Original filing ↗	3.03 B Raw value 3,025,000,000.00 USD 2025-10-04 — 2026-01-02 · USD · Reported data Original filing ↗	5.95 B Raw value 5,950,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	8.97 BDerived by subtraction Raw value 8,965,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 20.25 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 11.28 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗
Gross profit	161.00 M Raw value 161,000,000.00 USD 2023-09-30 — 2023-12-29 · USD · Reported data Original filing ↗	463.00 M Raw value 463,000,000.00 USD 2023-12-30 — 2024-03-29 · USD · Reported data Original filing ↗	636.00 MDerived by subtraction Raw value 636,000,000.00 USD 2024-03-30 — 2024-06-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-07-01 — 2024-06-28 · 1.07 B USD · Source version 2026-08-17 Subtract: 2023-07-01 — 2024-03-29 · 436.00 M USD · Source version 2025-05-12 Original calculation input 1 ↗Original calculation input 2 ↗	726.00 M Raw value 726,000,000.00 USD 2024-06-29 — 2024-09-27 · USD · Reported data Original filing ↗	606.00 M Raw value 606,000,000.00 USD 2024-09-28 — 2024-12-27 · USD · Reported data Original filing ↗	382.00 M Raw value 382,000,000.00 USD 2024-12-28 — 2025-03-28 · USD · Reported data Original filing ↗	498.00 MDerived by subtraction Raw value 498,000,000.00 USD 2025-03-29 — 2025-06-27 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-06-29 — 2025-06-27 · 2.21 B USD · Source version 2026-08-17 Subtract: 2024-06-29 — 2025-03-28 · 1.71 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	687.00 M Raw value 687,000,000.00 USD 2025-06-28 — 2025-10-03 · USD · Reported data Original filing ↗	1.54 B Raw value 1,541,000,000.00 USD 2025-10-04 — 2026-01-02 · USD · Reported data Original filing ↗	4.66 B Raw value 4,662,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	7.58 BDerived by subtraction Raw value 7,582,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 14.47 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 6.89 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗
Operating income	-245.00 M Raw value -245,000,000.00 USD 2023-09-30 — 2023-12-29 · USD · Reported data Original filing ↗	65.00 M Raw value 65,000,000.00 USD 2023-12-30 — 2024-03-29 · USD · Reported data Original filing ↗	199.00 MDerived by subtraction Raw value 199,000,000.00 USD 2024-03-30 — 2024-06-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-07-01 — 2024-06-28 · -468.00 M USD · Source version 2026-08-17 Subtract: 2023-07-01 — 2024-03-29 · -667.00 M USD · Source version 2025-05-12 Original calculation input 1 ↗Original calculation input 2 ↗	291.00 M Raw value 291,000,000.00 USD 2024-06-29 — 2024-09-27 · USD · Reported data Original filing ↗	195.00 M Raw value 195,000,000.00 USD 2024-09-28 — 2024-12-27 · USD · Reported data Original filing ↗	-1.88 B Raw value -1,881,000,000.00 USD 2024-12-28 — 2025-03-28 · USD · Reported data Original filing ↗	18.00 MDerived by subtraction Raw value 18,000,000.00 USD 2025-03-29 — 2025-06-27 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-06-29 — 2025-06-27 · -1.38 B USD · Source version 2026-08-17 Subtract: 2024-06-29 — 2025-03-28 · -1.40 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	176.00 M Raw value 176,000,000.00 USD 2025-06-28 — 2025-10-03 · USD · Reported data Original filing ↗	1.07 B Raw value 1,065,000,000.00 USD 2025-10-04 — 2026-01-02 · USD · Reported data Original filing ↗	4.11 B Raw value 4,111,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	7.04 BDerived by subtraction Raw value 7,037,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 12.39 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 5.35 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗
Net income	-301.00 M Raw value -301,000,000.00 USD 2023-09-30 — 2023-12-29 · USD · Reported data Original filing ↗	27.00 M Raw value 27,000,000.00 USD 2023-12-30 — 2024-03-29 · USD · Reported data Original filing ↗	120.00 MDerived by subtraction Raw value 120,000,000.00 USD 2024-03-30 — 2024-06-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-07-01 — 2024-06-28 · -672.00 M USD · Source version 2026-08-17 Subtract: 2023-07-01 — 2024-03-29 · -792.00 M USD · Source version 2025-05-12 Original calculation input 1 ↗Original calculation input 2 ↗	211.00 M Raw value 211,000,000.00 USD 2024-06-29 — 2024-09-27 · USD · Reported data Original filing ↗	104.00 M Raw value 104,000,000.00 USD 2024-09-28 — 2024-12-27 · USD · Reported data Original filing ↗	-1.93 B Raw value -1,933,000,000.00 USD 2024-12-28 — 2025-03-28 · USD · Reported data Original filing ↗	-23.00 MDerived by subtraction Raw value -23,000,000.00 USD 2025-03-29 — 2025-06-27 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-06-29 — 2025-06-27 · -1.64 B USD · Source version 2026-08-17 Subtract: 2024-06-29 — 2025-03-28 · -1.62 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	112.00 M Raw value 112,000,000.00 USD 2025-06-28 — 2025-10-03 · USD · Reported data Original filing ↗	803.00 M Raw value 803,000,000.00 USD 2025-10-04 — 2026-01-02 · USD · Reported data Original filing ↗	3.62 B Raw value 3,615,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reported data Original filing ↗	6.90 BDerived by subtraction Raw value 6,903,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 11.43 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 4.53 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗
Operating cash flow	—	-12.00 MDerived by subtraction Raw value -12,000,000.00 USD 2023-12-30 — 2024-03-29 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-07-01 — 2024-03-29 · -179.00 M USD · Source version 2025-05-12 Subtract: 2023-07-01 — 2023-12-29 · -167.00 M USD · Source version 2025-03-17 Original calculation input 1 ↗Original calculation input 2 ↗	-130.00 MDerived by subtraction Raw value -130,000,000.00 USD 2024-03-30 — 2024-06-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-07-01 — 2024-06-28 · -309.00 M USD · Source version 2026-08-17 Subtract: 2023-07-01 — 2024-03-29 · -179.00 M USD · Source version 2025-05-12 Original calculation input 1 ↗Original calculation input 2 ↗	-131.00 M Raw value -131,000,000.00 USD 2024-06-29 — 2024-09-27 · USD · Reported data Original filing ↗	95.00 MDerived by subtraction Raw value 95,000,000.00 USD 2024-09-28 — 2024-12-27 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-06-29 — 2024-12-27 · -36.00 M USD · Source version 2026-01-30 Subtract: 2024-06-29 — 2024-09-27 · -131.00 M USD · Source version 2025-11-07 Original calculation input 1 ↗Original calculation input 2 ↗	26.00 MDerived by subtraction Raw value 26,000,000.00 USD 2024-12-28 — 2025-03-28 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-06-29 — 2025-03-28 · -10.00 M USD · Source version 2026-05-01 Subtract: 2024-06-29 — 2024-12-27 · -36.00 M USD · Source version 2026-01-30 Original calculation input 1 ↗Original calculation input 2 ↗	94.00 MDerived by subtraction Raw value 94,000,000.00 USD 2025-03-29 — 2025-06-27 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-06-29 — 2025-06-27 · 84.00 M USD · Source version 2026-08-17 Subtract: 2024-06-29 — 2025-03-28 · -10.00 M USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	488.00 M Raw value 488,000,000.00 USD 2025-06-28 — 2025-10-03 · USD · Reported data Original filing ↗	1.02 BDerived by subtraction Raw value 1,019,000,000.00 USD 2025-10-04 — 2026-01-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-06-28 — 2026-01-02 · 1.51 B USD · Source version 2026-01-30 Subtract: 2025-06-28 — 2025-10-03 · 488.00 M USD · Source version 2025-11-07 Original calculation input 1 ↗Original calculation input 2 ↗	3.04 BDerived by subtraction Raw value 3,038,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-06-28 — 2026-04-03 · 4.55 B USD · Source version 2026-05-01 Subtract: 2025-06-28 — 2026-01-02 · 1.51 B USD · Source version 2026-01-30 Original calculation input 1 ↗Original calculation input 2 ↗	7.13 BDerived by subtraction Raw value 7,126,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 11.67 B USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 4.55 B USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗
Capital expenditure	—	29.00 MDerived by subtraction Raw value 29,000,000.00 USD 2023-12-30 — 2024-03-29 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-07-01 — 2024-03-29 · 128.00 M USD · Source version 2025-05-12 Subtract: 2023-07-01 — 2023-12-29 · 99.00 M USD · Source version 2025-03-17 Original calculation input 1 ↗Original calculation input 2 ↗	38.00 MDerived by subtraction Raw value 38,000,000.00 USD 2024-03-30 — 2024-06-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-07-01 — 2024-06-28 · 166.00 M USD · Source version 2026-08-17 Subtract: 2023-07-01 — 2024-03-29 · 128.00 M USD · Source version 2025-05-12 Original calculation input 1 ↗Original calculation input 2 ↗	67.00 M Raw value 67,000,000.00 USD 2024-06-29 — 2024-09-27 · USD · Reported data Original filing ↗	48.00 MDerived by subtraction Raw value 48,000,000.00 USD 2024-09-28 — 2024-12-27 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-06-29 — 2024-12-27 · 115.00 M USD · Source version 2026-01-30 Subtract: 2024-06-29 — 2024-09-27 · 67.00 M USD · Source version 2025-11-07 Original calculation input 1 ↗Original calculation input 2 ↗	44.00 MDerived by subtraction Raw value 44,000,000.00 USD 2024-12-28 — 2025-03-28 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-06-29 — 2025-03-28 · 159.00 M USD · Source version 2026-05-01 Subtract: 2024-06-29 — 2024-12-27 · 115.00 M USD · Source version 2026-01-30 Original calculation input 1 ↗Original calculation input 2 ↗	45.00 MDerived by subtraction Raw value 45,000,000.00 USD 2025-03-29 — 2025-06-27 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-06-29 — 2025-06-27 · 204.00 M USD · Source version 2026-08-17 Subtract: 2024-06-29 — 2025-03-28 · 159.00 M USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗	50.00 M Raw value 50,000,000.00 USD 2025-06-28 — 2025-10-03 · USD · Reported data Original filing ↗	39.00 MDerived by subtraction Raw value 39,000,000.00 USD 2025-10-04 — 2026-01-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-06-28 — 2026-01-02 · 89.00 M USD · Source version 2026-01-30 Subtract: 2025-06-28 — 2025-10-03 · 50.00 M USD · Source version 2025-11-07 Original calculation input 1 ↗Original calculation input 2 ↗	45.00 MDerived by subtraction Raw value 45,000,000.00 USD 2026-01-03 — 2026-04-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-06-28 — 2026-04-03 · 134.00 M USD · Source version 2026-05-01 Subtract: 2025-06-28 — 2026-01-02 · 89.00 M USD · Source version 2026-01-30 Original calculation input 1 ↗Original calculation input 2 ↗	43.00 MDerived by subtraction Raw value 43,000,000.00 USD 2026-04-04 — 2026-07-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-06-28 — 2026-07-03 · 177.00 M USD · Source version 2026-08-17 Subtract: 2025-06-28 — 2026-04-03 · 134.00 M USD · Source version 2026-05-01 Original calculation input 1 ↗Original calculation input 2 ↗

Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗

2026-09-09Disclosed events

JPMorgan · Capital and financing

Revolver refinancing: Amendment No. 1 dated 2026-09-09 to the 2025-02-21 Loan Agreement; JPMorgan Chase Bank, N.A. as administrative agent for a 14-bank syndicate (JPMorgan commitment $125m); $1.5bn of 2026 revolving credit commitments replacing the original equal-size revolver in full; Term SOFR + 1.375% margin, 0.175% commitment fee (grid-based); matures 2031-09-09, no amortization; secured by Sandisk Corp and Sandisk Technologies assets, with collateral/guarantee release upon investment-grade ratings [4]

2026-07-03Disclosed events

Kioxia Corporation (operating subsidiary of Kioxia Holdings Corporation) · Offtake and leasing

JV manufacturing-services commitment: Sandisk Technologies will make payments directly to Kioxia totaling $1.2 billion over the years 2026 through 2029 in consideration of Kioxia's manufacturing services, with continued supply availability through December 31, 2034. [1]

2026-07-03Disclosed events

Flash Ventures (Flash Partners Ltd., Flash Alliance Ltd. and Flash Forward Ltd. — SanDisk / Kioxia joint ventures, Japan) · Capital and financing

Flash Ventures equity and guarantees: SanDisk holds a 49.9% ownership position in each Flash Ventures entity and is obligated to fund 49.9%–50.0% of capital investments to the extent a venture's operating cash flow is insufficient. As of July 3, 2026 the maximum potential undiscounted future payments under its guarantees of Flash Ventures' lease-financing obligations totaled $923 million ($378m / $245m / $126m / $96m / $78m in 2027–2031). [2]

2026-07-03Disclosed events

Flash Ventures (Flash Partners Ltd., Flash Alliance Ltd. and Flash Forward Ltd. — SanDisk / Kioxia joint ventures, Japan) · Offtake and leasing

Capacity offtake: SanDisk and Kioxia are each entitled to purchase generally 50% of Flash Ventures' output; SanDisk pays the variable costs of producing its share of the flash wafer supply on a rolling forecast and is obligated to pay half of Flash Ventures' fixed costs regardless of the output it chooses to purchase — a take-or-pay structure across three ventures operating eight fabrication facilities in Japan. [3]

Included financial source versions

2026-08-17
10-K Original financial filings ↗
This page cites periods ending through 2026-07-03. The same document includes multiple comparison periods.
2026-05-01
10-Q Original financial filings ↗
This page cites periods ending through 2026-04-03. The same document includes multiple comparison periods.
2026-01-30
10-Q Original financial filings ↗
This page cites periods ending through 2026-01-02. The same document includes multiple comparison periods.
2025-11-07
10-Q Original financial filings ↗
This page cites periods ending through 2025-10-03. The same document includes multiple comparison periods.
2025-08-21
10-K Original financial filings ↗
This page cites periods ending through 2023-06-30.
2025-05-12
10-Q Original financial filings ↗
This page cites periods ending through 2024-03-29. The same document includes multiple comparison periods.

Showing the latest 6 recorded source versions. Find the remaining 1 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Company in focus

Direct relationships: 4 · Excluded by current filters: 0

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

4 records

Status / record date	Recorded amount	Capacity basis	Evidence source
Signed / existing2026-09-09	USD 1.5 billionNominal debt / financing amount	Not structured	A · Original filingCheck public source ↗
Signed / existing2026-07-03	USD 1.2 billionAmount associated with the contract relationship	Not structured	A · Original filingCheck public source ↗
Signed / existing2026-07-03	USD 0.923 billionNominal debt / financing amount	Not structured	A · Original filingCheck public source ↗
Signed / existing2026-07-03	No attributable amount providedAmount associated with the contract relationship	Not structured	A · Original filingCheck public source ↗

1–4 / 4 records

Capital sources · Equity investment arrangement

JPMorganSNDK

Signed / existing2026-09-09A · Original filing

Check public source ↗

What this relationship establishes

Revolving credit refinancing

Relationship type: Equity investment arrangement
Recorded as signed or existing; performance progress requires separate verification
Amount basis: USD 1.5 billion Nominal debt / financing amount
JPMorgan Chase Bank serves as administrative agent for a 14-bank syndicate; JPMorgan's commitment is $125m
$1.5bn of 2026 revolving credit commitments fully replace the previous facility of the same amount
Facility limits, issuance proceeds, actual drawdowns and closing debt balances are different measures. Present interest, scheduled principal repayments, maturity balloon payments and distribution restrictions separately.
Attribution: Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration: A relationship amount and company denominator with matching periods and definitions are not provided
Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

A · Original filing

Sandisk Corp Form 8-K filed 2026-09-11 (Item 1.01) and Exhibit 10.1 Amendment No. 1, Schedule 1 (2026 Revolving Credit Commitments)

Funding sources and conditions of use

The excerpts below come from this record. Verify signed status separately from actual completion.

JPMorgan Chase Bank serves as administrative agent for a 14-bank syndicate; JPMorgan's commitment is $125m
$1.5bn of 2026 revolving credit commitments fully replace the previous facility of the same amount
Matures on 2031-09-09
Secured by assets of Sandisk and Sandisk Technologies, with collateral eligible for release upon obtaining investment-grade ratings

Inputs still needed to quantify the impact

Actual drawdowns, interest rates and the principal repayment schedule
Collateral, guarantees and restrictions on distributions
Cash attribution after debt service and refinancing terms

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

Financing terms
JPMorgan → SNDK: verify the debt amount, collateral and guarantees, and conditions precedent to drawing funds.
Drawdowns and debt service
Separate committed facilities, actual drawdowns, interest and scheduled principal amortization, presenting each by financing entity and period.
Financial outcomes
Track net debt, debt service coverage and covenants; project borrowings cannot automatically be treated as cash available to the parent company.
Testing price implications
Deduct interest, principal amortization and restricted funds from project cash before assessing cash attributable to shareholders and refinancing needs.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

SNDK · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.

Operating metric	Latest value	Definition and boundaries
Cash purchases of PP&E / revenue ↗2026-07-03 · Research calculation	0.48%	Definition and boundaries Cash purchases of PP&E / revenue × 100 Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (10)

Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.

Operating metric	Latest value	Definition and boundaries
Revenue growth YoY ↗2026-07-03 · Research calculation	371.59%	Definition and boundaries (Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / net income ↗2026-07-03 · Research calculation	1.03 x	Definition and boundaries Operating cash flow / net income（Net income > 0） Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(Net income − operating cash flow) / revenue ↗2026-07-03 · Research calculation	-2.49%	Definition and boundaries (Net income − operating cash flow) / revenue × 100 The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days sales outstanding (average balance) ↗2026-07-03 · Research calculation	37.73 days	Definition and boundaries (Opening net receivables + closing net receivables) / 2 / revenue × actual days in the period A company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days inventory outstanding (average balance) ↗2026-07-03 · Research calculation	162.39 days	Definition and boundaries (Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the period Costs are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.

Operating metric	Latest value	Definition and boundaries
Gross margin ↗2026-07-03 · Research calculation	84.57%	Definition and boundaries Gross profit / revenue × 100 Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating margin ↗2026-07-03 · Research calculation	78.49%	Definition and boundaries Operating income / revenue × 100 Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Net margin ↗2026-07-03 · Research calculation	77%	Definition and boundaries Selected net-income concept / revenue × 100 May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / revenue ↗2026-07-03 · Research calculation	79.49%	Definition and boundaries Operating cash flow / revenue × 100 Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(CFO − cash purchases of PP&E) / revenue ↗2026-07-03 · Research calculation	79.01%	Definition and boundaries (Operating cash flow − cash purchases of PP&E) / revenue × 100 A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 6 companies · Memory and storage (HBM + nearline)

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

MUMicronCompany research ↗SKHYSK hynixCompany research ↗STXSeagateCompany research ↗WDCWestern DigitalCompany research ↗NTAPNetApp, Inc.Company research ↗PEverpure, Inc.Company research ↗

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology

Company11 / 11 items

Operating metric	Latest value	Period / classification	Definition and interpretation boundaries	Analysis
Revenue growth YoY	371.59%	2026-07-03Research calculation	(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Gross margin	84.57%	2026-07-03Research calculation	Gross profit / revenue × 100Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating margin	78.49%	2026-07-03Research calculation	Operating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Net margin	77%	2026-07-03Research calculation	Selected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / revenue	79.49%	2026-07-03Research calculation	Operating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(CFO − cash purchases of PP&E) / revenue	79.01%	2026-07-03Research calculation	(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / net income	1.03 x	2026-07-03Research calculation	Operating cash flow / net income（Net income > 0）Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Cash purchases of PP&E / revenue	0.48%	2026-07-03Research calculation	Cash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(Net income − operating cash flow) / revenue	-2.49%	2026-07-03Research calculation	(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days sales outstanding (average balance)	37.73 days	2026-07-03Research calculation	(Opening net receivables + closing net receivables) / 2 / revenue × actual days in the periodA company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days inventory outstanding (average balance)	162.39 days	2026-07-03Research calculation	(Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the periodCosts are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗

Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions

Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately.

Original verification notes

verified-listing-start-covered

Current Sandisk separation/listing. Earlier reused SNDK symbol is not this listed security.

Nasdaq Quote source page Price-history source page

Financial statements

Reporting period 2026-07-03; filed 2026-08-17. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

SEC Company filings Raw financial data · JSON

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 4 · Documents: 4

1SanDisk FY2026 Form 10-K (filed 2026-08-17, FY ended 2026-07-03), Related Parties and Related Commitments and Contingencies noteValue-chain archive

SanDisk FY2026 Form 10-K (filed 2026-08-17, FY ended 2026-07-03), Related Parties and Related Commitments and Contingencies note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

2SanDisk FY2026 Form 10-K (filed 2026-08-17), Related Parties — Schedule of Remaining Guarantee ObligationsValue-chain archive

SanDisk FY2026 Form 10-K (filed 2026-08-17), Related Parties — Schedule of Remaining Guarantee Obligations · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

3SanDisk FY2026 Form 10-K (filed 2026-08-17), Related Parties and Related Commitments and Contingencies noteValue-chain archive

SanDisk FY2026 Form 10-K (filed 2026-08-17), Related Parties and Related Commitments and Contingencies note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

4Sandisk Corp Form 8-K filed 2026-09-11 (Item 1.01) and Exhibit 10.1 Amendment No. 1, Schedule 1 (2026 Revolving Credit Commitments)Value-chain archive

Sandisk Corp Form 8-K filed 2026-09-11 (Item 1.01) and Exhibit 10.1 Amendment No. 1, Schedule 1 (2026 Revolving Credit Commitments) · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

Missing evidence

Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.

Unresolved business questions

Which products, customers and revenue categories can be independently verified from primary materials?: Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.

Relationships: Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version: 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644