Look, you know, Datacenter revenue was $1,467 million, about 25% of the total and up 645% year over year on the new‑framework comparison; the press release frames it ‘up 233%.’ Edge was $3,663 million (up 295%) and Consumer $820 million (up 44%). Quite frankly, I call this a fundamental inflection point with a deliberate mix shift toward higher‑value customers, though the filings don’t verify that claim. A year ago Datacenter was $197 million. We'll see how it tracks.
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We make NAND flash and the SSDs built on it, and since the February 2025 split from Western Digital we do it as a standalone company. Data center is where the story turned this year: that segment grew 645% year over year to $1,467 million as AI storage demand pulled in our enterprise SSDs. The quarter overall did $5,950 million, up 251%, and we swung to a net income of $3,615 million after a rough FY2025 that closed at a $1,641 million loss. Quite frankly, we don't own a fab alone - our NAND runs through a manufacturing joint venture with Kioxia in Japan, so our capacity moves with that partnership. And our biggest customers stay unnamed in our filings, even the one that was more than 10% of revenue. What we can show you is the shape of the new multi-year supply commitments - five signed so far - and let you decide what it means.
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Look, the February separation gives us this standalone lens — you know, a differentiated component supplier with the technology base shared through our partner. Quite frankly we're a NAND pure-play, no HBM or DRAM, and the filing names five-plus competitors: Kioxia first on the manufacturing JV, then Micron, Samsung, SK Hynix, Yangtze Memory, plus smaller assemblers. I mean it's a multi-participant market, not the three-supplier concentration of HBM where we have no exposure. We'll see how it tracks.
Look, you know, the bet on smoothing out the cycle — New Business Models, five deals done, three in the April quarter, two after. Quite frankly, $511 million in advances sitting as contract liabilities, firm financial commitments behind them. I mean, the honest limit: not a single counterparty named in the filings. Hyperscale buyers fit the data center growth, but that's our inference, not a disclosed fact. We're trading quarter-by-quarter price negotiation for multi-year volume. We'll see if the durability holds when the next cycle turns.
Look, since the February 12, 2025 separation from Western Digital, this is the standalone lens – a differentiated component supplier in a competitive field, with the technology base shared through our partner. You know, we’re a NAND pure‑play – no HBM, no DRAM – and the filing lists Kioxia, Micron, Samsung, SK Hynix, Yangtze Memory and smaller assemblers as rivals. Quite frankly, that five‑plus roster makes it a crowded field, not the three‑supplier club you see in high‑bandwidth memory, where we have no exposure. I mean, we’ll see how the dynamics play out.
Look, SanDisk's fiscal third‑quarter results, for the quarter ending April 3 2026, show total revenue of $5,950 million, up 251% year over year – and the way it got there matters. You know, roughly 248% of that growth came from higher average selling prices while exabytes shipped were about flat. Quite frankly, we swung to net income of $3,615 million from a $1,933 million loss a year earlier, with operating income of $4,111 million and free cash flow of $2,993 million versus $980 million. We'll see how the pricing‑driven turn holds in this cyclical market.
Look, you know, the renamed segments tell the story: Datacenter at $1,467 million, roughly a quarter of revenue, up 645% on the new framework — though the release says 233%. I mean, Edge hit $3,663 million, up 295%, Consumer $820 million, up 44
Look, you know, the structural fact is we don't own a fab alone — our 3D NAND and manufacturing both run through Flash Ventures, the JV with Kioxia operating K1, K2 and Y7 in Japan. Quite frankly, that means capacity, expansion and capex move with the partnership, not on our schedule. I mean, the BiCS tech base goes back to a 2011 development agreement, updated in 2024. The JV asset was $684 million at the April quarter-end, up from $654 million, with $435 million in related-party payables. It's a foundational dependency, not a footnote. We'll see how it tracks.
Look, you know, under the renamed segments — Datacenter, Edge and Consumer — datacenter was $1,467 million, about 25% of total, up 645% year over year on the new-framework comparison; the press release frames it 'up 233%.' Edge $3,663 million, up 295%. Consumer $820 million, up 44%. Quite frankly, the CEO calls it a fundamental inflection point with a deliberate mix shift toward higher-value customers — that's his characterization, the numbers behind it are segment growth and pricing, not a claim the filings verify on their own. A year ago datacenter was $197 million. We'll see how it tracks.
Look, you know, our filings show the concentration you're describing — top ten at 46% of revenue last quarter, up from 40% and 41% the two years before. Quite frankly, one customer over 10%, different one than a year ago, and we can't name any of them. It's the component supplier shape: revenue climbing while the buyer list narrows. We'll see how it tracks.
Look, the quarter ending April 3 — $5,950 million revenue, up 251% year over year. You know, the way it got there matters: roughly 248% of that growth came from higher ASPs, exabytes shipped about flat. Quite frankly, that's pricing doing the work in a market that's always moved in cycles. Net income $3,615 million versus a $1,933 million loss a year ago. Operating income $4,111 million. Free cash flow $2,993 million against $980 million. This follows FY2025's $1,641 million net loss on $7,355 million revenue — the turn is recent. We'll see how it holds.
Look, the bet on being less cyclical — we call them New Business Models — five multi-year deals signed, three last quarter, two since. Quite frankly, backed by firm financial commitments, $511 million in customer advances as contract liabilities. I mean, no counterparty named in any filing. The hyperscale guess is obvious given data center growth, but that's inference, not fact. The idea: trade quarter-by-quarter price talks for committed volume over years. We'll see if durability holds through the next cycle.
Look, since the February separation from Western Digital, you know, we're a standalone NAND pure-play - no HBM, no DRAM. Quite frankly, the filing names five-plus competitors: Kioxia first because of our manufacturing JV, then Micron, Samsung, SK Hynix, Yangtze Memory, plus smaller assemblers. It's a crowded field, not a three-way club like HBM where we have no exposure. We'll see how the dynamics play out, but the technology base stays shared through our partner.