Sandisk cash flow statement

In fiscal 2026, Sandisk's operations generated $11.67bn of cash; it spent $177m on capital projects, leaving free cash flow of $11.49bn. It returned $4.52bn through buybacks.

Cash flow statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Sandisk: cash flow statement, annual
Fiscal year	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jul 2026	LTMOct 2026
Cash from operations	−0.7	−0.3	0.1	11.7	17.5
Depreciation and amortisation	0.4	0.2	0.2	0.1	0.2
Stock-based pay	0.2	0.1	0.2	0.2	0.3
Capital spending	0.2	0.2	0.2	0.2	0.2
Free cash flow	−0.9	−0.5	−0.1	11.5	17.4
Free cash flow after stock pay	−1.1	−0.6	−0.3	11.3	17.1
Share buybacks	—	0.0	0.0	4.5	—
Shares issued	0.0	0.0	0.0	0.1	—

US$ millions unless shown otherwise. Fiscal quarters.

Sandisk: cash flow statement, quarterly
Quarter	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Oct 2025	2026 Q2Jan 2026	2026 Q3Apr 2026	2026 Q4Jul 2026	2027 Q1Oct 2026
Cash from operations	95	26	94	488	1,019	3,038	7,126	6,363
Depreciation and amortisation	36	37	36	36	38	38	37	43
Stock-based pay	48	44	49	53	58	54	67	91
Capital spending	48	44	45	50	39	45	43	54
Free cash flow	47	−18	49	438	980	2,993	7,083	6,309
Free cash flow after stock pay	−1	−62	0	385	922	2,939	7,016	6,218
Shares issued	—	0	5	—	—	0	29	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: SMCI vs SNDK HPE vs SNDK SNDK vs WDC HPQ vs SNDK

More: Technology Hardware, Storage & Peripherals stocks compared, Technology sector, rankings of US companies

Figures from Sandisk's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Sandisk.