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NetApp vs Sandisk: revenue, profit, margins and growth compared

NetApp brought in $6.9B of revenue in fiscal 2026, Sandisk $20.2B in fiscal 2026. Revenue changed by +5.4% at NetApp and +175.3% at Sandisk on the year before, so Sandisk grew faster. NetApp kept 18.4% of its revenue as net profit, Sandisk 56.5%. Free cash flow was $1.9B at NetApp and $11.5B at Sandisk.

Side by side, latest fiscal year

NTAPSNDK
Fiscal year endedFY2026 (April 24, 2026)FY2026 (July 3, 2026)
Revenue$6.9B$20.2B
Revenue growth+5.4%+175.3%
Net income$1.3B$11.4B
Net margin18.4%56.5%
Free cash flow$1.9B$11.5B
Free cash flow margin27.0%56.8%
Earnings per share (diluted)$6.35$73.76
Cash$2.1B$4.8B
Debt$2.5B$0
Price to earnings31.724.1
Market value$39.5B$263.3B
Dividend yield1.03%n/a
Rank by revenue in sector#71 of 530 · Technology#37 of 530 · Technology

Over the years

Revenue
NTAP FY2019: $6.1BNTAP FY2020: $5.4BNTAP FY2021: $5.7BNTAP FY2022: $6.3BNTAP FY2023: $6.4BNTAP FY2024: $6.3BNTAP FY2025: $6.6BNTAP FY2026: $6.9BSNDK FY2023: $6.1BSNDK FY2025: $6.7BSNDK FY2025: $7.4BSNDK FY2026: $20.2BFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $6.9BSNDK $20.2B
Net income
NTAP FY2019: $1.2BNTAP FY2020: $819MNTAP FY2021: $730MNTAP FY2022: $937MNTAP FY2023: $1.3BNTAP FY2024: $986MNTAP FY2025: $1.2BNTAP FY2026: $1.3BSNDK FY2023: -$2.1BSNDK FY2025: -$672MSNDK FY2025: -$1.6BSNDK FY2026: $11.4BFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $1.3BSNDK $11.4B
Net margin
NTAP FY2019: 19.0%NTAP FY2020: 15.1%NTAP FY2021: 12.7%NTAP FY2022: 14.8%NTAP FY2023: 20.0%NTAP FY2024: 15.7%NTAP FY2025: 18.0%NTAP FY2026: 18.4%SNDK FY2023: -35.2%SNDK FY2025: -10.1%SNDK FY2025: -22.3%SNDK FY2026: 56.5%FY19FY20FY21FY22FY23FY24FY25FY26
NTAP 18.4%SNDK 56.5%
Revenue growth
NTAP FY2020: -11.9%NTAP FY2021: +6.1%NTAP FY2022: +10.0%NTAP FY2023: +0.7%NTAP FY2024: -1.5%NTAP FY2025: +4.9%NTAP FY2026: +5.4%SNDK FY2025: +9.5%SNDK FY2025: +10.4%SNDK FY2026: +175.3%FY20FY21FY22FY23FY24FY25FY26
NTAP +5.4%SNDK +175.3%
Free cash flow
NTAP FY2019: $1.2BNTAP FY2020: $936MNTAP FY2021: $1.2BNTAP FY2022: $985MNTAP FY2023: $868MNTAP FY2024: $1.5BNTAP FY2025: $1.3BNTAP FY2026: $1.9BSNDK FY2023: -$932MSNDK FY2025: -$475MSNDK FY2025: -$120MSNDK FY2026: $11.5BFY19FY20FY21FY22FY23FY24FY25FY26
NTAP $1.9BSNDK $11.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about NetApp and Sandisk

Which is bigger by revenue, NetApp or Sandisk?

Sandisk is bigger by revenue: $20.2B in fiscal 2026, against $6.9B for NetApp in fiscal 2026.

Which keeps more of its revenue as profit, NetApp or Sandisk?

NetApp had a net margin of 18.4% in fiscal 2026; Sandisk had 56.5% in fiscal 2026.

Which grew revenue faster, NetApp or Sandisk?

In their latest fiscal years revenue changed by +5.4% at NetApp and +175.3% at Sandisk.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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