Sandisk vs Western Digital
Sandisk is the larger business, with $20.25bn of revenue in fiscal 2026 against $12.92bn for Western Digital (1.6 times as much). Sandisk grew faster (175.3% against 35.7%). Western Digital kept more of each dollar of sales as profit: a net margin of 72.9% against 56.5%. Sandisk carries less debt relative to equity (0.0% against 12.0%).
| Latest fiscal year | SandiskSNDK, 2026 | Western DigitalWDC, 2026 |
|---|---|---|
| Revenue | $20.25bn | $12.92bn |
| Revenue growth | 175.3% | 35.7% |
| Net income | $11.43bn | $9.42bn |
| Operating margin | 61.2% | 34.5% |
| Net margin | 56.5% | 72.9% |
| Return on equity | 91.6% | 133.0% |
| Free cash flow | $11.49bn | $3.51bn |
| Cash | $4.76bn | $1.58bn |
| Total debt | $0 | $1.06bn |
| Debt to equity | 0.0% | 12.0% |
| Dividend per share | — | $0.50 |
| Dividend yield | — | 0.1% |
| Share buybacks | $4.52bn | $2.59bn |
| Employees | — | 40,000 |
| Market value | $160.42bn | $130.01bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | — | 40 (Weak) |
| Insider trades, 12 months | 0 buys, 76 sales | 0 buys, 237 sales |