SanDisk Q3 Revenue Surges 251% to $5.95B on Data Center Demand
SanDisk Corporation reported Q3 2026 revenue of $5.95 billion, up 251% year-over-year, driven by long-term data center supply contracts totaling $42 billion in remaining performance obligations.
SanDisk Corporation posted third-quarter 2026 revenue of $5.95 billion, up 251% from the prior-year period, as the semiconductor company executed a shift toward long-term contractual revenue from high-value data center customers [1]. Gross margin reached 78.4% in the quarter, reflecting pricing power in memory and storage products sold into artificial intelligence and cloud infrastructure [1].
The company disclosed $42 billion in remaining performance obligations, representing multi-year supply agreements that extend through fiscal 2027 and 2028 [1]. These contracts lock in volume and pricing terms with hyperscale cloud providers and enterprise data center operators, insulating near-term revenue from spot-market volatility that has historically pressured NAND and DRAM pricing.
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