SanDisk generated $5.95 billion in revenue for Q3 of fiscal year 2026, representing 97% sequential growth and 251% year-over-year improvement. The company anticipates $8 billion in Q4 revenue at the midpoint.
SanDisk's NAND flash memory technology is essential for AI chips — memory chips made from this technology go inside AI chips and enable them to function optimally.
Major tech companies continue to ramp up AI spending: Nvidia reported 20% sequential revenue growth in Q4 fiscal 2026 and 65% full-year sales growth; Broadcom delivered 29% year-over-year revenue growth in Q1 fiscal 2026; Alphabet achieved 63% year-over-year growth in Google Cloud sales.
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