SanDisk Reports Q3 Earnings April 30 — EPS Consensus $12.42, Revenue $4.68B
SanDisk (SNDK) reports Q3 FY2026 earnings on April 30. Consensus stands at $4.68B in revenue and $12.42 EPS. With last quarter's 64% EPS beat driving a 6.85% post-earnings surge, investors are watching closely for a repeat.
- SanDisk (SNDK) reports Q3 FY2026 earnings April 30; consensus is $4.68B revenue and $12.42 EPS
- Last quarter's 64% EPS beat sparked a 6.85% rally — investors watch for a repeat
SanDisk (SNDK) is set to report Q3 FY2026 earnings on April 30 (U.S. time). The Street consensus calls for revenue of $4.68B and EPS of $12.42. After crushing last quarter's EPS consensus by 64% and sending shares up 6.85%, the question is whether that momentum can continue.
Key Consensus Estimates
Based on the average of 21 analyst estimates, SanDisk's Q3 FY2026 revenue is projected at $4.68B. EPS consensus sits at $12.42 — a substantial step up from last quarter's actual EPS of $5.15.
- Q3 FY2026 Revenue Estimate: $4.68B
- Q3 FY2026 EPS Estimate: $12.42
- Full-Year FY2026 Revenue Estimate: $15.89B
- Full-Year FY2026 EPS Estimate: $33.42
- Prior Quarter Revenue: $3.03B (beat consensus of $2.61B by +15.77%)
- Prior Quarter EPS: $5.15 (beat consensus of $3.14 by +64.17%)
Market Reaction & Analyst Views
Following its prior quarter earnings release (quarter ended December 31, 2025), SNDK shares surged 6.85%, fully pricing in the earnings surprise. The stock currently trades at $1,002.35, and the average analyst rating across 21 firms is 1.9 (Outperform), reflecting a broadly bullish stance. That said, the average price target of $881.61 implies roughly 12.05% downside from current levels, signaling some near-term valuation risk.
Frequently Asked Questions
What does SanDisk do?
SanDisk was spun off from Western Digital (WDC) in February 2025 as a pure-play NAND flash memory and SSD company. It manufactures data center and consumer SSDs, USB drives, and SD cards. Shares have rallied sharply since the spinoff, driven by surging demand for high-capacity storage in AI training and inference workloads.
Why does last quarter's earnings surprise matter so much?
Last quarter's EPS came in 64% above consensus — a remarkably strong beat — and the stock jumped 6.85% immediately after. If a similar pattern holds this quarter, there is growing expectation that SNDK could once again clear the $12.42 EPS consensus bar.
How does SanDisk relate to Korean memory chip stocks?
SanDisk competes directly with Samsung Electronics (005930) and SK Hynix (000660) in the NAND flash market. A consensus upgrade or earnings beat from SNDK signals robust global memory demand, which tends to have a positive read-through for Korean memory names as well.
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