SanDisk Revenue Surges 251% on Flat Volume, Gross Margin Hits 78.4%
SNDK•SanDisk’s revenue jumped 251% year-over-year while bit shipments remained flat, revealing substantial pricing power. Non-GAAP gross margin reached 78.4% as enterprise AI data center revenue ballooned 233% sequentially, backed by five multiyear contracts worth over $11 billion covering more than one-third of bits in fiscal 2027.
1. Pricing Power and Revenue Surge
The company posted a 251% year-over-year revenue increase while bit shipments remained flat, driving non-GAAP gross margin to 78.4% and highlighting its ability to command higher prices without volume growth.
2. Enterprise AI Storage Growth
A strategic shift toward advanced enterprise storage for AI data centers yielded 233% sequential revenue growth, underscoring the focus on higher-value, higher-margin market segments.
3. Multiyear Contracts and Bit Coverage
Management secured five multiyear partnerships totaling over $11 billion, which will account for more than one-third of bit shipments in fiscal 2027 and create more predictable, less cyclical revenue streams.
