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Sandisk vs Western Digital: revenue, profit, margins and growth compared

Sandisk brought in $20.2B of revenue in fiscal 2026, Western Digital $12.9B in fiscal 2026. Revenue changed by +175.3% at Sandisk and +35.7% at Western Digital on the year before, so Sandisk grew faster. Sandisk kept 56.5% of its revenue as net profit, Western Digital 72.9%. Free cash flow was $11.5B at Sandisk and $3.5B at Western Digital.

Side by side, latest fiscal year

SNDKWDC
Fiscal year endedFY2026 (July 3, 2026)FY2026 (July 3, 2026)
Revenue$20.2B$12.9B
Revenue growth+175.3%+35.7%
Net income$11.4B$9.4B
Net margin56.5%72.9%
Free cash flow$11.5B$3.5B
Free cash flow margin56.8%27.2%
Earnings per share (diluted)$73.76$24.28
Cash$4.8B$1.6B
Debt$0$1.1B
Price to earnings24.118.8
Market value$263.3B$164.7B
Dividend yieldn/a0.11%
Rank by revenue in sector#37 of 530 · Technology#48 of 530 · Technology

Over the years

Revenue
SNDK FY2023: $6.1BSNDK FY2025: $6.7BSNDK FY2025: $7.4BSNDK FY2026: $20.2BWDC FY2019: $16.6BWDC FY2020: $16.7BWDC FY2021: $16.9BWDC FY2022: $18.8BWDC FY2023: $6.3BWDC FY2024: $6.3BWDC FY2025: $9.5BWDC FY2026: $12.9BFY19FY20FY21FY22FY23FY24FY25FY26
SNDK $20.2BWDC $12.9B
Net income
SNDK FY2023: -$2.1BSNDK FY2025: -$672MSNDK FY2025: -$1.6BSNDK FY2026: $11.4BWDC FY2019: -$754MWDC FY2020: -$250MWDC FY2021: $821MWDC FY2022: $1.5BWDC FY2023: -$1.7BWDC FY2024: -$798MWDC FY2025: $1.9BWDC FY2026: $9.4BFY19FY20FY21FY22FY23FY24FY25FY26
SNDK $11.4BWDC $9.4B
Net margin
SNDK FY2023: -35.2%SNDK FY2025: -10.1%SNDK FY2025: -22.3%SNDK FY2026: 56.5%WDC FY2019: -4.6%WDC FY2020: -1.5%WDC FY2021: 4.9%WDC FY2022: 8.2%WDC FY2023: -26.9%WDC FY2024: -12.6%WDC FY2025: 19.8%WDC FY2026: 72.9%FY19FY20FY21FY22FY23FY24FY25FY26
SNDK 56.5%WDC 72.9%
Revenue growth
SNDK FY2025: +9.5%SNDK FY2025: +10.4%SNDK FY2026: +175.3%WDC FY2020: +1.0%WDC FY2021: +1.1%WDC FY2022: +11.1%WDC FY2023: -66.7%WDC FY2024: +1.0%WDC FY2025: +50.7%WDC FY2026: +35.7%FY20FY21FY22FY23FY24FY25FY26
SNDK +175.3%WDC +35.7%
Free cash flow
SNDK FY2023: -$932MSNDK FY2025: -$475MSNDK FY2025: -$120MSNDK FY2026: $11.5BWDC FY2019: $671MWDC FY2020: $177MWDC FY2021: $752MWDC FY2022: $758MWDC FY2023: -$1.2BWDC FY2024: -$781MWDC FY2025: $1.3BWDC FY2026: $3.5BFY19FY20FY21FY22FY23FY24FY25FY26
SNDK $11.5BWDC $3.5B

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

Questions about Sandisk and Western Digital

Which is bigger by revenue, Sandisk or Western Digital?

Sandisk is bigger by revenue: $20.2B in fiscal 2026, against $12.9B for Western Digital in fiscal 2026.

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

Sandisk had a net margin of 56.5% in fiscal 2026; Western Digital had 72.9% in fiscal 2026.

Which grew revenue faster, Sandisk or Western Digital?

In their latest fiscal years revenue changed by +175.3% at Sandisk and +35.7% at Western Digital.

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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