SanDiskSNDK -3.84%46 Gross Margin % is 78.35% as of Mar. 2026, which is 105% above its 10-year median of 38.29. GuruFocus rates SNDK with a GF Score™ of 46/100. The stock has 7 warning signs investors should review. Among 2,454 Hardware companies, SanDisk ranks better than 91.36% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. SanDisk's Gross Profit for the
three
months ended in Mar. 2026 was $4,662 Mil. SanDisk's Revenue for the
three
months ended in Mar. 2026 was $5,950 Mil. Therefore, SanDisk's Gross Margin % for the quarter that ended in Mar. 2026 was 78.35%.
Warning Sign:
SanDisk Corp gross margin has been in long-term decline. The average rate of decline per year is -18.4%.
The historical rank and industry rank for SanDisk's Gross Margin % or its related term are showing as below:
SNDK'
s Gross Margin % Range Over the Past 10 Years
Min: 7.07 Med: 38.29 Max: 56.04
Current: 56.04
During the past 13 years, the highestGross Margin % of SanDisk was 56.04%. The lowest was 7.07%. And the median was 38.29%.
SNDK's Gross Margin % is ranked better than 91.36% of 2454
companies
in the Hardware industry
Industry Median: 24.565
vs SNDK: 56.04
SanDisk had a gross margin of 78.35% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SanDisk was -18.40% per year.
SanDisk (NAS:SNDK) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
SanDisk had a gross margin of 78.35% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
SanDisk Gross Margin % Related Terms
SanDisk Gross Margin % Historical Data
* Premium members only.
The historical data trend for SanDisk's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Computer Hardware subindustry, SanDisk's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SanDisk Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, SanDisk's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SanDisk's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
SanDisk (SNDK) has a Gross Margin % of 78.35% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on SanDisk and its competitors. This is 105% above median its historical median of 38.29. Over the past decade, SanDisk's Gross Margin % has ranged from 7.07 to 56.04. According to the industry distribution chart, SanDisk ranks #212 out of 2454 companies in the Hardware industry, placing it in the top 8.6%.
Is SanDisk's Gross Margin % too high?
SanDisk's current Gross Margin % of 78.35% is 105% above median its 10-year median of 38.29. Over the past 10 years, this metric has ranged from a low of 7.07 to a high of 56.04. The Hardware industry median Gross Margin % is 24.57. SanDisk's value of 78.35% is 218.9% above this industry median. Based on the distribution chart, SanDisk ranks #212 out of 2454 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, SanDisk has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does SanDisk's Gross Margin % compare to DELL and STX?
According to the Hardware industry distribution chart, SanDisk ranks #212 out of 2454 companies for Gross Margin %. This places SanDisk in the top 9% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.57. SanDisk's value of 78.35% is 218.9% above this benchmark. Historically, SanDisk's own Gross Margin % has ranged from 7.07 to 56.04 over the past decade. While the company's 10-year median is 38.29 vs. the industry median of 24.57, SanDisk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.57, based on 2,454 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SanDisk's current Gross Margin % of 78.35% is 218.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on SanDisk and its competitors. For the Hardware industry, the median Gross Margin % is 24.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SanDisk's current Gross Margin % is 78.35%, which is 105% above median its own 10-year median of 38.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDisk stock overvalued right now?
SanDisk (SNDK) has a current Gross Margin % of 78.35%. The current Gross Margin % is 78.35%, which is 105% above median its 10-year median of 38.29 and 218.9% above the Hardware industry median of 24.57. SanDisk's overall GF Score™ is 46/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For SanDisk (SNDK), the current Gross Margin % is 78.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk was formerly a piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.
46GF Score
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