Sandisk Corp Reports Q4 2026 Results; Approves $14B Share Repurchase

What Happened
On August 5, 2026, Sandisk Corporation (SNDK) announced its financial results for the fiscal fourth quarter ended July 3, 2026 and disclosed that its Board approved a $14 billion share repurchase program. The company filed a press release (Exhibit 99.1) reporting the quarterly results and incorporated that release by reference in the Form 8‑K.

Key Details

• Board approved a share repurchase program totaling $14.0 billion (exclusive of fees and commissions).
• Repurchases may be made in the open market, including under Rule 10b5‑1 plans, or by other permitted methods.
• Company expects repurchases to be funded by operating cash flows; timing and amount depend on market conditions and may be suspended at any time.
• Quarterly results reported cover the fiscal quarter ended July 3, 2026 (press release attached as Exhibit 99.1).

Why It Matters
A $14 billion buyback is a large capital-allocation move that can reduce share count and potentially support earnings per share, signaling management confidence in cash generation. Quarterly results give investors updated earnings and financial-condition information; combined with the buyback, these disclosures are material for shareholders assessing value and capital return strategy.