Sandisk Corporation stock research
FY2026 Q3
Sandisk (SNDK) Gross Margin & Quarterly History
Explore Sandisk Corporation (SNDK) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Apr 3, 2026 · FY2026 Q3
Revenue and gross profit both rose substantially compared to the prior quarter and the same quarter last year, while cost of revenue was lower than the prior quarter and flat versus the year-ago period. As a result, gross margin improved significantly from both the preceding quarter and the same quarter one year earlier.
- The strongest observable margin driver is the combination of higher revenue and lower cost of revenue relative to the prior quarter, which directly expanded gross profit and gross margin.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was lower, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was stable, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
78.4%
Gross profit
$4.7B
Revenue
$6.0B
Cost of revenue
$1.3B
Quarter-over-quarter change
+27.4 pts
Year-over-year change
+55.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 27, 2025 | $1.9B | $498.0M | $1.4B | 26.2% |
| Oct 3, 2025 | $2.3B | $687.0M | $1.6B | 29.8% |
| Jan 2, 2026 | $3.0B | $1.5B | $1.5B | 50.9% |
| Apr 3, 2026 | $6.0B | $4.7B | $1.3B | 78.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 2, 2026
+27.4 pts
Year-over-year change
Mar 28, 2025
+55.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the combination of higher revenue and lower cost of revenue relative to the prior quarter, which directly expanded gross profit and gross margin.
Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was lower, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was stable, and gross margin improved.
Monitor whether cost of revenue remains stable or changes in future quarters, as it was unchanged year-over-year but declined sequentially.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Sandisk Corporation (SNDK) | 78.4% |
| Micron Technology, Inc. (MU) | 84.6% |
| Seagate Technology Holdings plc (STX) | 46.5% |