Sandisk · customer concentration
Sandisk’s biggest customers
Who are Sandisk’s biggest customers?
One Customer: 15% of FY2023 revenue
stale FY2023 is the latest fiscal year with a 10% customer fact in the SEC data; the latest fiscal year with reported revenue is FY2026, for which no 10% customer is in the data yet.
The filing does not name this customer. Hollsteen never guesses names.
Also disclosed for FY2023 (customer groups, not one customer): Top Ten Customers 47%.
“For 2026, 2025, and 2024, 44%, 40% and 41%, respectively, of our total revenue came from sales to our top ten customers.”
Sandisk 10-K, verbatim · 10-K · filed Aug 17, 2026
Numbers, method and sources
Share of revenue per customer as tagged in the filing’s XBRL (ConcentrationRiskPercentage, benchmark revenue). US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.
FY2026
- Top Ten Customers (group) 44%
- Three Customer (group) 10%
FY2025
- Top Ten Customers (group) 40%
FY2024
- Top Ten Customers (group) 41%
FY2023
- One Customer (not named in filing) 15%
- Top Ten Customers (group) 47%
SEC filings only. No market data.
Is Sandisk getting more dependent on one customer?
Largest disclosed customer, by fiscal year
All Sandisk facts from SEC filings · Customer concentration of all companies