Business
Sandisk Reports Fiscal Third Quarter 2025 Financial Results
News Summary Third quarter revenue was $1.70 billion, down 10% sequentially and above the guidance range. Third quarter GAAP loss was $1.93 billion ($13.33
About this update from Sandisk Corporation
[{"type":"text","content":"\nNews Summary\n\n\nThird quarter revenue was $1.70 billion, down 10% sequentially and above the guidance range.\n\n\n\nThird quarter GAAP loss was $1.93 billion ($13.33 loss per share), including a $1.83 billion goodwill impairment charge. Third quarter Non-GAAP loss per share was $0.30.\n\n\n\nExpect fiscal fourth quarter 2025 revenue to be in the range of $1.75 billion to $1.85 billion.\n\n\n\nExpect Non-GAAP earnings (loss) per share to be in the range of ($0.10) to $0.15.\n\n\n MILPITAS, Calif.--(BUSINESS WIRE)--\nSandisk Corporation (Nasdaq: SNDK) today reported fiscal third quarter financial results.\n\n“I’m pleased with our team’s execution in the first quarter as a standalone company. Sandisk’s innovation was reinforced, with a strong early ramp of BiCS 8, our latest technology engineered to deliver industry-leading performance, power efficiency, and density,” said David Goeckeler, Sandisk CEO. “We have taken actions to reduce supply to match demand and commenced price increases this quarter. Our investment, supply management, and pricing strategies will remain focused on maximizing returns.”\n\nQ3 2025 Financial Highlights\n\n\n\n \n\n\n\nGAAP\n\n\n\n \n\n\n\nNon-GAAP\n\n\n\n\n\n($ in millions, except per share amounts)\n\n\n\nQ3 2025\n\n\n\n \n\n\n\nQ2 2025\n\n\n\n \n\n\n\nQ/Q\n\n\n\n \n\n\n\nQ3 2025\n\n\n\n \n\n\n\nQ2 2025\n\n\n\n \n\n\n\nQ/Q\n\n\n\n\n\nRevenue\n\n\n\n$1,695\n\n\n\n \n\n\n\n$1,876\n\n\n\n \n\n\n\ndown 10%\n\n\n\n \n\n\n\n$1,695\n\n\n\n \n\n\n\n$1,876\n\n\n\n \n\n\n\ndown 10%\n\n\n\n\n\nGross Margin\n\n\n\n22.5%\n\n\n\n \n\n\n\n32.3%\n\n\n\n \n\n\n\ndown 9.8 ppt\n\n\n\n \n\n\n\n22.7%\n\n\n\n \n\n\n\n32.5%\n\n\n\n \n\n\n\ndown 9.8 ppt\n\n\n\n\n\nOperating Expenses\n\n\n\n$2,263\n\n\n\n \n\n\n\n$411\n\n\n\n \n\n\n\nup 451%\n\n\n\n \n\n\n\n$383\n\n\n\n \n\n\n\n$376\n\n\n\n \n\n\n\nup 2%\n\n\n\n\n\nOperating Income (Loss)\n\n\n\n$(1,881)\n\n\n\n \n\n\n\n$195\n\n\n\n \n\n\n\n*\n\n\n\n \n\n\n\n$2\n\n\n\n \n\n\n\n$233\n\n\n\n \n\n\n\ndown 99%\n\n\n\n\n\nNet Income (Loss)\n\n\n\n$(1,933)\n\n\n\n \n\n\n\n$104\n\n\n\n \n\n\n\n*\n\n\n\n \n\n\n\n$(43)\n\n\n\n \n\n\n\n$178\n\n\n\n \n\n\n\ndown 124%\n\n\n\n\n\nNet Income (Loss) Per Share\n\n\n\n$(13.33)\n\n\n\n \n\n\n\n$0.72\n\n\n\n \n\n\n\n*\n\n\n\n \n\n\n\n$(0.30)\n\n\n\n \n\n\n\n$1.23\n\n\n\n \n\n\n\ndown 124%\n\n\n\n\n\n\n\nGAAP\n\n\n\n \n\n\n\nNon-GAAP\n\n\n\n...