Sandisk margins

Profitability and cash generation as a share of revenue.

Gross margin

84.57%

Operating margin

78.49%

Net margin

77%

EBITDA margin

78.91%

Operating cash flow margin

79.49%

Free cash flow margin

79.01%

Capex / revenue

0.48%

SBC / revenue

0.75%

Quarterly data

Sandisk margins history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Gross margin%	Operating margin%	Net margin%	EBITDA margin%	Operating cash flow margin%	Free cash flow margin%	Capex / revenue%	SBC / revenue%
FY 2026 Q4	Jul 3, 2026	84.57%	78.49%	77%	78.91%	79.49%	79.01%	0.48%	0.75%
FY 2026 Q3	Apr 3, 2026	78.35%	69.09%	60.76%	69.73%	51.06%	50.3%	0.76%	0.91%
FY 2026 Q2	Jan 2, 2026	50.94%	35.21%	26.55%	36.46%	33.69%	32.4%	1.29%	1.92%
FY 2026 Q1	Oct 3, 2025	29.77%	7.63%	4.85%	9.19%	21.14%	18.98%	2.17%	2.3%
FY 2025 Q4	Jun 27, 2025	26.2%	0.95%	-1.21%	2.84%	4.94%	2.58%	2.37%	2.58%
FY 2025 Q3	Mar 28, 2025	22.54%	-110.97%	-114.04%	-108.79%	1.53%	-1.06%	2.6%	2.6%
FY 2025 Q2	Dec 27, 2024	32.3%	10.39%	5.54%	12.31%	5.06%	2.51%	2.56%	2.56%

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · SNDK, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Gross margin: Gross profit / revenue × 100. Uses revenue − reported cost of revenue when gross profit is absent.
Operating margin: Operating income / revenue × 100. Uses reported operating income, or reported pretax income less the complete nonoperating income/expense total when both are available.
Net margin: Reported net income / revenue × 100.
EBITDA margin: (Operating income + reported depreciation and amortization) / revenue × 100. An EBITDA proxy, not adjusted EBITDA.
Operating cash flow margin: Operating cash flow / revenue × 100.
Free cash flow margin: Free cash flow / revenue × 100. Reflects the selected reported capex scope and the SBC option.
Capex / revenue: Reported cash capital investment / revenue × 100. Uses PPE purchases or, when those are not separately tagged, the broader productive-assets total.
SBC / revenue: Reported share-based compensation / revenue × 100.