Sandisk Corporation filed its quarterly report on Form 10-Q with the SEC on October 30, 2026, covering the fiscal first quarter ended October 2, 2026, disclosing condensed consolidated financial statements and related management discussion for the period.

Key Highlights

  • Share count: As of October 26, 2026, 142,289,365 shares of common stock, par value $0.01 per share, were outstanding, according to the filing.
  • Cash position: Cash and cash equivalents were $5,136 million as of October 2, 2026, up from $4,762 million as of July 3, 2026, the filing reported.
  • Accounts receivable: Accounts receivable, net, rose to $6,585 million at quarter-end from $4,708 million at the prior fiscal year-end, per the condensed consolidated balance sheet.
  • Inventories: Inventories stood at $3,016 million as of October 2, 2026, compared with $2,698 million as of July 3, 2026, according to the filing.
  • Goodwill: Goodwill was reported at $4,995 million as of October 2, 2026, versus $4,994 million as of July 3, 2026, the company disclosed.
  • Marketable equity securities: Marketable equity securities were valued at $2,289 million at quarter-end, up from $1,777 million at the prior fiscal year-end, per the balance sheet.
  • Flash Ventures investments: Notes receivable and investments in Flash Ventures totaled $827 million as of October 2, 2026, compared with $678 million as of July 3, 2026, the filing stated.

Sandisk's NAND Flash Business: Balance Sheet Snapshot for Fiscal Q1 2027

Sandisk Corporation, listed on NASDAQ:SNDK, describes itself in the filing as "the parent company of our NAND flash data storage business," with principal executive offices at 951 Sandisk Drive, Milpitas, California 95035. The company operates under a Delaware incorporation and carries Commission File Number 001-42420. This quarterly report covers the three-month period ended October 2, 2026, the company's fiscal first quarter of 2027.

According to the condensed consolidated balance sheet, total current assets grew to $15,352 million as of October 2, 2026, from $12,780 million as of July 3, 2026. The increase was driven by higher cash balances, a significant rise in accounts receivable, and increased inventories. Property, plant and equipment, net, was reported at $705 million at quarter-end versus $674 million at the prior fiscal year-end, per the filing.

The filing notes that the company's forward-looking statements, which address topics including demand trends driven by artificial intelligence applications, strategic relationships with Kioxia Corporation, tariff and trade policy impacts, capital allocation initiatives, and the timing and impact of a stock split, are subject to a broad range of risks and uncertainties. The company stated it "does not intend, and undertakes no obligation, to update or revise these forward-looking statements" except as required by law. These statements represent the company's own expectations and are subject to its cautionary language as described in the filing.

What Was Disclosed

Sandisk Corporation submitted this Form 10-Q for the fiscal quarter ended October 2, 2026, presenting unaudited condensed consolidated financial statements. The balance sheet showed growth in cash, accounts receivable, inventories, and investments in Flash Ventures compared with the prior fiscal year-end of July 3, 2026.

The filing also confirmed 142,289,365 shares of common stock outstanding as of October 26, 2026, and identified Sandisk as a large accelerated filer incorporated in Delaware, focused on NAND flash data storage.