SNDK
Sandisk Corporation209.31
+7.44+3.69%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
30.68BP/E (TTM)
-Basic EPS (TTM)
-12.04Dividend Yield
0%Recent Filings
8-K
8-K
Sandisk Q1 revenue beats expectations
Sandisk Corporation reported fiscal first quarter 2026 revenue of $2.31 billion, up 21% sequentially and 23% year-over-year, with GAAP net income of $112 million and non-GAAP diluted EPS of $1.22. Datacenter revenue surged 26% quarter-over-quarter amid hyperscaler qualifications, while BiCS8 technology hit 15% of bits shipped. Q2 guidance projects $2.55-$2.65 billion in revenue and non-GAAP EPS of $3.00-$3.40. Strong cash flow hit net positive early.
10-K
FY2025 revenue increased 10% to $7.4B, fueled by Cloud segment growth, but a $1.8B goodwill impairment resulted in a $1.6B net loss. Q4 saw 15% revenue growth to $1.9B with 32% gross margin. Post-spin-off from Western Digital, Sandisk holds $1.5B cash and $1.9B debt.
Sandisk Corporation's FY2025 results showed revenue growth to $7.4B, up 10% YoY, driven by Cloud demand, but a $1.8B goodwill impairment led to a $1.6B net loss. Q4 revenue hit $1.9B, up 15% QoQ, with gross margin at 32%. The company separated from Western Digital in February 2025, incurring $2B debt. Cash reserves grew to $1.5B, supporting operations amid market volatility.
8-K
Sandisk Q4 revenue beats
Sandisk Corporation reported fiscal Q4 2025 revenue of $1.90 billion, up 12% sequentially and 8% year-over-year, beating guidance amid strengthening demand. Non-GAAP EPS hit $0.29, with gross margins expanding to 26.4% non-GAAP, fueled by BiCS8 ramp and High Bandwidth Flash innovations for AI. Client segment surged 19% quarter-over-quarter to $1.10 billion. Q1 2026 outlook projects $2.10-$2.20 billion revenue and $0.70-$0.90 non-GAAP EPS. Separation from Western Digital bolsters focus, yet supply chain risks linger.
10-Q
Q3 FY2025 results
Sandisk's Q3 FY2025 revenue dipped 1% y/y to $1.7B, with Cloud surging 103% on enterprise SSD demand while Client fell 10% from pricing pressure; gross margin slipped to 22.5% amid $24M underutilization charges and K2 startup costs. A $1.8B goodwill impairment—derived from market cap below book value—drove a $1.9B operating loss, widening the net loss gap via equity investment losses and interest. YTD revenue climbed 11% y/y to $5.5B, with gross profit up sharply to 31.4% on better pricing and mix, though operating loss hit $1.4B after the impairment. Cash swelled to $1.5B post-spin-off, backed by $2B term loan (due 2032, variable rate) and $1.5B undrawn revolver; free cash flow not disclosed in the 10-Q. The SDSS divestiture closed September 2024 for $659M pre-tax proceeds (cash installments through 2029), recognizing $34M gain and 20% equity stake. Supply chain risks loom large, tied to few suppliers.
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