Sandisk vs Seagate Technology
Sandisk is the larger business, with $20.25bn of revenue in fiscal 2026 against $12.20bn for Seagate Technology (1.7 times as much). Sandisk grew faster (175.3% against 34.1%). Sandisk kept more of each dollar of sales as profit: a net margin of 56.5% against 26.1%. Sandisk carries less debt relative to equity (0.0% against 166.3%).
| Latest fiscal year | SandiskSNDK, 2026 | Seagate TechnologySTX, 2026 |
|---|---|---|
| Revenue | $20.25bn | $12.20bn |
| Revenue growth | 175.3% | 34.1% |
| Net income | $11.43bn | $3.18bn |
| Operating margin | 61.2% | 33.6% |
| Net margin | 56.5% | 26.1% |
| Return on equity | 91.6% | — |
| Free cash flow | $11.49bn | $3.10bn |
| Cash | $4.76bn | $1.70bn |
| Total debt | $0 | $3.60bn |
| Debt to equity | 0.0% | 166.3% |
| Dividend per share | — | $2.94 |
| Dividend yield | — | 0.5% |
| Share buybacks | $4.52bn | $176m |
| Employees | — | 30,000 |
| Market value | $160.42bn | $139.11bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | — | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 76 sales | 0 buys, 716 sales |